Construction Mortgage - NBS Bank plc

This is a facility that finances construction of Residential and Commercial Property.

This facility also finances purchase of land if the customer does not have the land.

Allow customer with unfinished structures to complete the structures.

This facility allow customers to construct properties according to their preference.
It gives opportunity to customers to construct properties in localities of their choice but within the banks approved zones.

Salaried customers receiving salary through NBS Bank
Group Schemes/Workplace Banking customers
Salaried customers not receiving salary through the Bank but their employers are committed to deduct loan repayments at source
Corporate and SME customers

Individuals/ Salaried Customers

Title search to know if the land documentation is legitimate Identification document (National ID, Passport or drivers’ license)
3 months recent pay slips
Letter of undertaking from employer
6 months bank statement for self-employed
Copy of certificate of lease or land certificate
Customer gets plans and other assessments by approved project managers
Bills of quantities by Project Managers
A valuation report from a registered and Bank approved valuer /quantity surveyor
An NBS Bank active account aged 6 months and above
Clean CRB report

SME and Corporates

Minutes of the approval by the Board
Offer from seller if the land is being purchased
Title search to know if the land documentation is legitimate
Audited accounts
Management accounts
12 months cash flow projections
Memorandum/Articles of Association
Board resolution to borrow
Partnership Agreements/Trust deeds if business is a partnership or Trust
Clean CRB Report
Customer gets plans and other assessments by approved project managers
Bills of quantities by Project Managers
A valuation report from a registered and Bank approved valuer /quantity surveyor

Interest rate:

Facility Fees