Starters Mortgage

 

Renovating, extending or build a new home on your own plot is possible with the Starters Mortgage with a maximum financing of up to SRD950,000 at 7%.

New construction: Construction area of ​​at least 60m² and at most 150m

Key-ready house: Construction area up to 150m²

Renovating or extending an existing home: Up to a size of 275 m²

  • Your own or joint (with your partner/spouse) income is a maximum of SRD22,500.
  • You have been employed by the government or a reputable company for 2 years or more
  • Duration minimum 10 years and maximum 20 years
  • 100% financing of the construction sum is possible

REQUIREMENTS:

  1. Valid ID (E-ID / Driver license / Passport)
  2. Birth Certificate (not older than six (6) months) and declaration of Nationality
  3. Employer statement + recent payslip
  4. Last 3 bank statements
  5. Plot map/mortgage extract of the land on which the house is located
  6. Budgeting of construction activities by a registered contractor and KKF extract from the contractor
  7. Building permit and approved construction drawing and 
  8. Disposition / deed of transfer of the plot that is taken as collateral
  9. Current account at Trustbank Amanah for salary deposit

We invite you to one of our branches for more information about the STARTERS MORTGAGE.




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