Makao Mortgage Loan

The Makao Mortgage loan is primarily intended for the purchase of single dwelling property for residential purposes (non-commercial purposes).

• Purpose of the mortgage;
• Construction of residential houses
• Purchase of residential dwelling
• Additional cost will include;
• Valuation fees
• Conveyance fees
• Stamp duty

The mortgage will be given at an Interest rate of of 8.5% p.a for maximum repayment period of 20 Years subject to ROD

Requirements will Include;

For Construction

• Approved building Plans
• Approved Structural drawings
• Priced Bill of Quantities
• Profiles for the Architect, Contractor and Quantity Surveyor.
• Valuation Report
• Copy of title to property being purchased/charged
• Mortgage Application Form

For Purchase

• Sale Agreement duly signed by both parties and witnessed by a lawyer or offer for sale
• Valuation Report
• Copy of title to property being purchased/charged
• Mortgage Application Form