Build Now Pay Later

Build it through our BUILD NOW PAY LATER All-in-One service. This is tailor-fitted to land (or uncompleted building) owners wanting to build their house or commercial property today but lack the resources to do so. The programme entails a mixed financing method bridged by both us “the building firm” and in-house partner lenders as “the financial institution”. 

 

Mandatory Land Ownership

Without you owning land, free and clear (unencumbered), you cannot use this service.

If you have already bought your land and do not have the funds to construct and/or develop the property, you apply to us, and your application is almost always guaranteed so long as the land with the property to be constructed on is without any encumbrances and adequate as a collateral, together with the yet to be constructed property. In order words, this is like design & build plus financing in-situ.

See Full Eligibility Requirements.

 

Collateral / Security

No additional collateral required for this construction loan - Your land and yet-to-be constructed building will serve as the collateral. If customers refuse to honour their loan obligations, the property will be sold to offset outstanding loan balance, but not without exhausting our Repayment Assistance Programme already in place.

 

Detailed Plan of the Project

Create a list that identifies and prioritizes every piece of the project, from the size of the floor drain in the garage to the shape and style of the shingles on the roof, giving us a framework we can use to keep the borrower and project in line. Once done, we review all of the specifications, considers the value of the land, the finished product and similar projects in the neighborhood to make an estimated appraised value. This is the initial amount from which we calculate the Loan-to-Value (LTV).

 

Project Types

We have options for both

Residential

• Investment Residential Projects

Commercial

 

The Process

Once, you signup after meeting the requirements, we deliver the above options via well thought plan and/or processes to achieve our seamless, quick and prompt delivery.

 

Maximum Payment Terms

You may opt to pay your amortization up to 20-30 years maximum for the lender. Our partner lenders have flexible payment terms that you can choose from. Most of our clients opt for a longer payment period and then accelerate it by paying more whenever they have extra cash. You may note that there are no early repayment charges and in most cases, you get a rebate for your advance payments.

 

Monthly Payments

This would depend on the cost of the home or commercial property you want to build. Prices will differ based on these basic factors – total size of your home or commercial property, preferred materials to be used, complexity of the design, terrain profile, etc etc.

 

Payment Start

You will start an equal monthly amortization for the payment terms you choose after the house is fully completed. For example, if the construction period is 10 months, your first payment will start on the 11th month from groundbreaking date.

  

Sample Designs

Customers are entitled to bring their own designs, but if you need samples -- yes we have. We have a wide array of residential and commercial architectural designs for you to choose from. We will also accommodate a build to order project with specific tailor-fitted designs. Just tell us what you have in mind or what are your building requirements and our team of architects and engineers will translate this into a visual representation.

 

Building Permits

Permit to build have expiration dates. If you've already started building your structure then, date of expiration automatically does not apply, but applies if you're yet to start your construction but possesses a building permit, then you have to submit it to us to validate it - either to go ahead with it if still valid or we can re-apply on your behalf before actual construction can begin.

  

Applicable Fees

A one-time administrative charge of GHs1,000 (minimum of GHS500 required upfront before we initiate searches) for residential developments and GHS2,000 (minimum of GHS1,000 required upfront before we initiate searches) for commercial developments, is required before we do any site appraisal. A flat 20% fees discount applies to all private-sector employees recruited by TDG Jobs Ghana and currently still working for their employers. The 20% discount also applies to existing business customers of GhanaStartups.org and their employees. All existing customers of our Partners and/or TDG Ecosystem Participants also qualify for this awesome 20% discount on all fees.

This fee is non-refundable if we visit your site and/or generate a report. This fee is however, 100% refundable up to 48 hrs before we are scheduled to do searches - All refunds take 30 calendar days.

 

After Complete Application

After we have received your complete application with all supporting documents and applicable fees, we will visit your site within 30-60 days to complete an initial appraisal, after which a report will be generated. If our report is accepted with/without any amendments we move to site within 45-60 days to start work.

 

How to apply

Complete a short form here to enable us proceed from there.