Construction Loan

Are you a plot owner who needs funds to construct on it? Then this is the ideal solution for you. to

The Construction Loan is a facility that allows those who already own a plot to borrow funds to enable them build residential units on the plot. The construction project is then managed by an agreed group of professionals with disbursement handled on an arrears basis directly to the contractor.



  • Approved building plans
  • Evidence of applicant's contribution
  • Bill of Quantities
  • Contractor agreement
  • Profiles of (Project Manager and or, Architect, Quantity Surveyor, Contractor, Structural Engineer)
  • Professional indemnities of the Architect and engineer



  • Maximum loan of up to 90% for owner occupier and 70% for rental or investment units
  • Customer will only pay interest for a period of up 12 months during the construction period
  • Maximum loan term of up 20 years for employed customers and 10 years for SMEs



  • HFC will provide construction monitoring services
  • Customer will only pay interest during construction period
  • Access to in-house construction management team at HFC
  • Loan conversion to long-term mortgage on completion of construction


Fees & Rates

  • Commitment Fee of 1.5%
  • Valuation fee of approximately 0.5%
  • Legal Fees of approximately 1-2%