Description
The Hofokam Housing loan is a credit facility designed for individuals, institutions and communities that wish to purchase land, construct residential houses, commercial buildings or community facilities and renovate or refurbish their buildings and homes.
What you'll need
Benefits
- Affordable interest rates
- Long repayment terms
- Support for purchasing, building, or renovating a home
Requirements
- Must be 18 years and above
- Collateral security (e.g., chattels, land agreements, land titles, motor vehicle log book)
- Proof of income and ability to repay the loan
- Two guarantors with two passport size photos each
Yes, the loan can be used for purchasing, building, or renovating a home.
Repayment periods can extend up to several years, depending on the loan amount and terms.
No, there are no penalties for early repayment, and we encourage early repayment to reduce interest costs.