Home construction and improvement loan

Plan an eligible construction, completion or renovation project with a clear budget and an assessed repayment source.

Understand this category

Explore finance for approved construction, renovation or completion of a home or other building. Start with a clear scope of work, realistic cost estimates and the rights or permissions required for the property. Your D-SACCO will assess repayment capacity and explain security, valuation, disbursement and repayment conditions. Some work may be financed in stages. Ask about the full cost, including any legal, valuation and insurance charges.

Who it may suit

Eligible members with an approved housing project, legal rights to undertake it and an assessed repayment source.

Practical uses

Roof repairs, completion, home upgrading or construction; water and sanitation work where within the approved purpose.

How to proceed

Prepare project documents and budget; assessment/valuation where required; offer and acceptance; staged or other approved disbursement; inspections and repayment.

What to prepare

Identity/membership; project estimates; property/tenure rights; permissions where required; income and existing debts; collateral and valuation evidence.

Questions and answers

Is this a mortgage?

Only a specific approved offer can be described as a mortgage.

Can I finance a repair rather than a new house?

Check the local eligible-purpose list and minimum financing conditions.

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