Housing and Construction Bank

The Housing and Construction Bank strives to work to provide the opportunity to own suitable housing for citizens adapted to their physical. abilities by providing appropriate real estate financing with many and varied advantages. In this article from MarketsBloom we will learn about Housing and Construction Bank’s real estate finance terms, what documents are required, and other information.

Housing and Construction Bank Real Estate Finance Conditions

Many people want to know what the Housing and Construction Bank’s real estate finance conditions are, which are reflected in the following lines:

1. The monthly premium plus bank liabilities should not exceed 40% of the value of income.
2. The applicant should not have previously benefited from any initiatives or even from the social housing project.
3. The maximum permitted for financing units is 2,250,000 pounds.
4. It should be noted that the maximum area of units is only 150 square meters ready for housing and complete finishing.
5. An individual’s monthly income should not be less than 40 thousand pounds.
6. The family’s monthly income must also be at least 50 thousand pounds.
7. The minimum payment should not be less than 20%. The maximum funding shall also not exceed 80%.

Conditions of Housing and Construction Bank for Real Estate Finance

we mentioned to you what are the terms of real estate finance at. the Housing and Construction Bank, let us now talk about the bank’s terms of real estate finance:

1. The Bank stipulated that the land on which the property was built was registered in the real estate month to obtain real estate financing.
2. The property’s city council or neighborhood presidency should also be verified to verify the authenticity of the documents submitted.
3. The Bank requires that the loan be repaid within a period of one to 15 years.
4. The borrower’s age should be between 21 and 65 years at the time of payment of the last installment.
5. Before you go to the bank for a mortgage you need to know what documents are required and process them.
6. You should also tell the owner of the housing ,unit you want to buy about your desire to do so by obtaining mortgage financing from the bank so that he knows the bank will be a guarantor of it.

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