A mortgage loan also referred to as a mortgage is used by individuals and businesses to make large real estate purchases without paying the entire value up front. Over a period of years the borrower repays the loan plus interest, until he/she eventually owns the property.

Build your investments with Real Estate. Get up to a maximum of $500,000.00

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Key Financials

  • Members must have at least 6 months membership
  • Minimum Share capital of $5000
  • Where value of loan exceeds the value of the land (i.e sale at a premium) the member must provide additional collateral in the form of life insurance to the value of the excess.
  • Members are require to pay the fees for ( Title Search,  Valuation Report)
  • Member must increase share contribution by $200
  • Repayment period: maximum period of 180 months ( 15 years)
  • Interest Rate: 6.5% per annum


  1. Salary Slip (Recent)
  2. Job Letter (Employment Status)
  3. Form of ID (Valid)
  4. Copy of Agreement for sale
  5. Valuation Report
  6. Copy of Deed/Lease/Cadastral Sheet
  7. WASA Clearance Certificate
  8. Copy of Rates & Tax (Land & Building Tax Receipts – MOST RECENT)
  9. Written Permission (if jointly owned)
  10. Survey Plan
  11. Location Sketch (Drawn by member)