Buying or building a home is a tremendous achievement and something that many of us dream about. At National we have very attractive rates to help you get the home of your dreams.

Details

• 100% financing up to $270,000
• Flexible and generous repayment terms
• Up to 30 years terms
• Low interest rates

Loan Requirements

• Two government issued picture IDs
• Letter of request (Stating amount, purpose, security/collateral being offered)
• Personal Financial Statement/s (Forms will be provided)
• Income and Expenditure Statement/s (Forms will be provided)
• Confirmation of employment (Stating salary and years of service)
• Detailed estimate of the house to be constructed/repaired/renovated (Estimate to be signed and dated by Estimator)
• Copy of approved plans/drawings of house to be constructed
• Appraisal of property being offered as security (If buying, rather than building, the house)
• Copy of Certificate of Title to the land being built on
• Details of Contract with Builder (Labour only or fixed price contract)
• Name and address of existing Bankers/Financial Institutions (if residing overseas), plus Bank Statements showing balances on accounts
• Copies of last two (2) years income tax returns (if residing overseas)
• Certified Copy of Alien Land Holding License. (If non-citizen of SKN)
• Customer's cash input
• The Customer must also have enough cash available to cover loan charges, legal fees and the cost of insuring the property during and after construction
• The Customer should have life insurance and this should normally be enough to cover the loan amount
• The maximum repayment term that may be offered is 30 years, subject to applicant's age