Description
Ordinary conventional land loans are only available to natural persons with stable income. It is a wage income or the justification of a stable and lasting non-wage income.
Characteristics
| Eligibility requirement | Existence of a partnership agreement between Credit Foncier and the employer of the borrower. |
| Object | Realization of a real estate project intended for the personal dwelling |
| Eligible operation | Purchase construction Purchase construction site + construction Housing construction Housing Acquisition Acquisition of housing + works Finishing or improvement work |
| Guarantees | Closed mortgage of first rank on the land title; In case of a loan for the improvement of the housing of an amount ≤ 8 000 000 FCFA and a maximum duration of 03 years, free deposit of the land title with promise of notarized mortgage; Life and Disability Insurance on the Borrower; Fire insurance on the property financed. |
| Destination of the project | Principal residence Secondary residence (retirement) |
| Eligible person | Individual |
| Duration | 25 to 300 months subject to remaining activity |
| Interest rate | 5,031% HT or 6% inclusive of tax |
| Total delay | 1 to 18 months |
| Minimum personal contribution | 20% of the cost of the project, subject to the borrower’s borrowing capacity |
| Maximum Loan Amount | 150 millions FCFA |
| Modes of reimbursement | OVP, Voluntary transfer of remuneration |
