Home Loan
At THAWE, members have the opportunity to secure a Home Construction Loan totalling Thirty Thousand Dollars ($30,000.00) with an attractive interest rate of just 0.90% on the reducing balance. To qualify for this loan, members must provide collateral amounting to Five Thousand Dollars ($5,000.00) in shares, which cannot be used to cover any existing loan obligations.
Furthermore, members can also access home construction financing through a mortgage option. This flexible approach ensures that members have various avenues to fund their home construction needs while leveraging their assets effectively.
Documents
All required documents for regular mortgage
Approved Building Plan
Cadastral Sheet
Projected Valuation Report (For Home Construction)
Builder’s Detailed Estimate
Building Contract
Requirements
- Job Letter (no older than one (1) month)
- Pay slip (no older than one (1) month)
- 1 Form of Identification
- Utility Bill: "If the utility bill is not in your name, kindly collect or download an authorization form to be completed and signed by the owner of the utility bill, granting permission.
- Quotation from Hardware
- Available Shares must be at least $5000.00
- Financial Statement
Be part of the thousands of members who have successfully financed the renovation of their home with THAWE Credit Union and enjoy some of the best mortgage rates and perks available.
