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Q. How much can you borrow?
A. No fixed upper limit, but loan amount is subject to 75% of
the project/property cost, and feasibility of repayment.
Q. What is your contribution?
A. Equity contribution is a minimum of 25% of the
project/property cost
Q. What is the repayment period?
A. Up to 7 years but with longer period negotiable. No penalty
for early repayment.
Q. What is the interest rate?
A. Variable, competitive and dependent on money market
offerings.
Q. How will the loan be secured?
A. The loan can be secured
using any of the following:
- Legal mortgage over the subject property's or acceptable
alternative property's
- certificate of occupancy
- registered deed of assignment, or conveyance
- insurance
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