Helps to ensure that customers are able to set up serious development projects and earn rental income, have shelter (personal homes), among others.
- It's a bank undertaking hence must be secured
- Usually advanced for 60 months and in exceptional cases for 120 months.
- The bank earns interest income on it.
- Lasts longer, simple requirements
- Client obtains credit hence easing increase in non-current assets
- Shows economic development in the country.
- There must be an existing legal business with an operative Bank account
- Application for the facility with a clear purpose supported by documentation such as BoQs, invoices, order, Approved plan etc
- Financial information