“Is there anyone here who, planning to build a new house, doesn’t first sit down and figure the cost so you’ll know if you can complete it? If you only get the foundation laid and then run out of money, you’re going to look pretty foolish. Everyone passing by will poke fun at you: ‘He started something he couldn’t finish.’ Luke 14:28-30.
To use our construction services on credit, you first need to demonstrate to us that you're permanently employed, either as an employee salaried worker (public or private sector) or registered business owner. Our minimum verifiable net regular monthly income is GHS2,000 - You can't use our services is you earn below this figure !!
Once you meet the regular monthly income requirement above and have your own litigation-free land, then comes the elephant in the room - how much it's going to cost you for us to start and complete your project to a habitable status.
The maximum project size is a function of your current verifiable regular net monthly income.
The maximum project sum you qualify for is the net annual salary times eight (8) - repayment period cannot exceed the number of years left to retirement at age 60 - Note that the maximum repayment period for this service for individual owner-occupiers is 30yrs.
For example, assuming your current net monthly income is GHS2,500 as a 30yr old salaried worker.
The maximum project size you qualify for will be GHS240,000... works out as
GHS2,500 times 12 Months =GHS30,000,
Then GHS30,000 times eight (8) = GHS240,000.
Your registered business (either sole proprietor or limited liability company) must be at least 2yrs old to use our services. We take the monthly average of your verifiable monthly business revenue (business bank statement, tax filings). The maximum repayment period for all commercial projects (including non-owner-occupier residential projects) is 10yrs.
WHY USE 8 AS MULTIPLIER
We use it as a lending multiple above which repayment will become progressively difficult.
We only provide detailed pre-construction estimates to qualified applicant with applications before us, ahead of actual construction.