An immediate loan formula for any real estate project use their own occupation.
Product Characteristics :
Conditions for eligibility :
Existence of an agreement betwen CFC and the client’s employer.
Purpose :
- Main housing
- Secondary or retirement house
Eligible persons :
Employees from a company that has signed a convention with CFC
Duration :
25 à 300 months depending on the borrowing power.
Interest rate:
from 3,145% to 4,193% HT , or from 3,75% to 5%TTC
Capacity of indebtedness:
With conformity of the convention CFC/Employer
Grace period :
From 1 to18 months, until 24 months according to the case.
Minimum deposit :
According to the convention CFC/Employer and depending on the borrowing power.
Amount :
Up to 150 000 000 CFAF depending on the borrower power.
Means of re-imbursement :
- Payment Order from the bank
- Payment Order from the employee
Financed operations:
- Land purchase
- Land purchase + Construction
- Construction of accommodation
- Acquiring of accommodation
- Acquiring of accommodation + completion works
- Upgrading and finishing of accommodation
- Mort-gage refinancing loan
- Mortgage refinancing loan + completion works
Guarantee :
- First mort-gage
- Life and Incapacity insurance
- Fire insurance In case of amelioration of a home for an amount less than 8 000 000 FCFA and for a maximum duration of 3 years , CFC requires a land certificate free of mortgage, but a guarantee from a notary authority
