DT Cooperative Society Housing Loan
This is a loan designed to assist registered associations, clubs, unions, and cooperatives to own the houses of their choice through mortgage
Features
- Land and title documents provided by the Cooperative society
- Members loan repayments is deducted from the Cooperative Account
Benefits
- Easy to access
- Flexible repayment plans
- Occupy property while still repaying
- Competitive interest rates
Requirements
- The Cooperative society must have a running current account with Delta Trust Mortgage Bank Limited
- Approved building plan/estate layout plan
- Copy of bank statement of account for the past 12 months
- Title documents ( C of O)
- Board of trustee resolution to borrow
- 2 recent passports of chairman and secretary of the cooperative
- Deed of Conveyance
- Memo and Article of Association
- Personal Guarantee of Chairman or MD of company
- Perfected Deed of conveyance for off-takers (if applicable)
- Minimum of Two (2) years Audited Account.
