Maximum Financing Home Equity
70 % – Properties valued over $40M
80% – Properties valued up to $40M
60% – Land only (improved i.e. water, electricity, access to roads etc)
| Value of Property | Equity Financed | Loan Amount | Duration | Monthly Payment |
| $3,000,000.00 | 80% | $2,400,000.00 | 180 months | $22,180.16 |
| $5,000,000.00 | 80% | $4,000,000.00 | 180 months | $36,966.93 |
| $10,000,000.00 | 80% | $8,000,000.00 | 180 months | $73,933.87 |
| $15,000,000.00 | 80% | $12,000,000.00 | 180 months | $110,900.80 |
| $20,000,000.00 | 80% | $16,000,000.00 | 180 months | $147,867.73 |
*CONDITIONS APPLY
HOME EQUITY LOAN REQUIREMENTS
Ready to get started? Here is what you will need….
- Salaried applicants: Job letter and last two months pay slips.
- Print out of savings/current account transactions for at least 12 months.
- Self-employed: Financial statements prepared by a Certified Chartered Accountant & stamped.
- Tax Registration (TRN) Card and Valid ID (Driver’s Licence, Passport, Voter’s ID or COK ID).
- Passport size photograph.
- Recent utility or any other bill in member’s name with current address (Proof of Address).
- Signed Sales Agreement.
- Current Valuation (done in the last year) by one of our Approved Valuators
- Current Surveyor’s ID report
- Updated property tax receipt and most recent water bill.
- Copy of property title
*Conditions apply
Members will be notified of the additional documents required.
- Caribbean Loss Adjustors;
- Management Security Consultants;
- Automobile Valuators & Consultants;
- Auto Assessors Ltd.,
- Advance Insurance Adjusters,
- Orion Loss Adjusters,
- MVA Motors Consultants Ltd.
