The maximum repayment period is 15 years and the rate of interest charged is 1% per month on the daily outstanding balance.
In addition to the basic requirements, the following must be provided:
- Letter of Sale of purchase agreement
- Copy of Deed
- Valuation of the land being sold by a valuator acceptable by Eastern Credit Union
- Land tax receipts (up to date)
- WASA Clearance Certificate
- Life Insurance Policy.