Description
The traditional purchaser loan concerns any investment made in the context of a public or private real estate program. It is aimed particularly at purchasers of products, real estate developers having signed a financing or partnership agreement with the CFC.
Characteristics
| Eligibility requirement | Investment made in the framework of a public or private real estate program |
| Eligible operation | Acquisition of land Acquisition of housing (built or in a future state of completion) Acquisition of housing + Finishing work |
| Guarantees | Closed 1st rank hypothec on the parceled land title relating to the parcel to be acquired; 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 24 months |
| Minimum personal contribution | 10% of project cost subject to borrower’s borrowing capacity |
| Maximum Loan Amount | 150 millions FCFA |
| Modes of reimbursement | OVP, Voluntary transfer of remuneration |
