Description

The land rental loan is intended for both individual and legal persons.

Characteristics

Eligibility requirementAvailability of registered land
Eligible operationConstruction
Finish
Renovation
Acquisition + works
GuaranteesClosed 1st rank mortgage on land title
Insurance:
Life and Disability for 60 months on the Borrower or the Manager
Multiple housing on the property financed over the life of the loan
All Risks Site
Tripartite signature of the lease agreement (CFC / Clients / Tenants)
Pledging of rents to CFC
Destination of the projectLocation
Eligible personIndividuals / family SCI
Professional corporations / SCIs
DurationIndividual: 300 months (25 years)
Legal entities: 300 months (25 years)
Interest rate5,870% HT or 7% TTC for the ordinary rental
Total delay1 to 18 months
Minimum personal contributionIndividual / family SCI: minimum 20% of the cost of the project, subject to its financial equilibrium
Legal persons: a minimum of 25% of the cost of the project, subject to its financial equilibrium
Maximum Loan AmountIndividuals / Family SCI: FCFA 250 million
Legal entities: 500 million FCFA
Sources of reimbursementRents to be paid in the operating account
Modes of reimbursementOVP

Useful Documents