About the loan

• We can lend anything up to 70% of the estimated construction costs.

• A initial credit assessment is completed to assess the finance (loan amount) needed during the construction period and the total finance requirement (loan amount) for the fully constructed home.

• A construction and cost estimate must be prepared by a professional and submitted to the Bank before moving forward.

• The loan is initially in the form of an overdraft and is paid out in construction phases.

• The loan can be converted to a conventional loan once the home has reached the wind and weather-proof stage (fokhelt) as long as construction continues.