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…. 
    1. Salaried applicants: Job letter and last two months pay slips.
    2. Print out of savings/current account transactions for at least 12 months.
    3. Self-employed: Financial statements prepared by a Certified Chartered Accountant & stamped.
    4. Tax Registration (TRN) Card and Valid ID (Driver’s Licence, Passport, Voter’s ID or COK ID).
    5. Passport size photograph.
    6. Recent utility or any other bill in member’s name with current address (Proof of Address).
    7. Signed Sales Agreement.
    8. Current Valuation (done in the last year) by one of our Approved Valuators
    9. Current Surveyor’s ID report
    10. Updated property tax receipt and most recent water bill.
    11. 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.