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.
|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)
|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|