This is an amount arrived at by multiplying 50% of your current verified net regular monthly income by the number months remaining until retirement at age 60 for all owner-occupier residential projects for Public/Private Sector Salaried Workers.

Note that however, that half the net regular monthly income for non-salaried workers (registered business owners and registered entities) is multiplied by 120 months (10yrs).

We choose the 50% threshold of your regular net monthly income because we don't expect you to repay with more than half of your monthly income.

COMPONENTS

The Maximum Project Budget is made of the cost of the project after project estimate + the cost of construction financing.

Maximum Project Budget = Cost Estimate + Cost of Construction Financing

The Maximum Project Budget is the maximum figure your project plus finance interest cannot go above.

EXAMPLES

Table 1: Owner-Occupier Residential Example

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Table 2

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RELATED PAGES

Cost Estimation

Monthly Repayment Amount

The Building Construction Process