Self Funding
SEHI has carefully designed this funding model to assist members that could not secure mortgage from our partner banks. This options provides an agreed interval direct remittances by the member to SEHI who will use the funds so remitted to deliver the project within the agreed time.
SEHI Self Funding is at 0% Interest
TO QUALIFY: Member must undertake, in signing, on an agreed strict interval fund remittances upon which same measure his or her project will be carried on and delivered
To subscribe to the Self Funding Model, the following simple steps should be followed:
1. Expression and Subscription As soon as you have made up your mind on the type of house you would need and the location too, kindly complete the Subscription Form and submit same as instructed.
2. Issuance of Offer Letter On the receipt of the completed expression form, a preliminary offer letter shall be issued to you. The Offer Letter will form part of the document required to review your mortgage application.
3. Confirmation of Funding Option: On receipt of your Subscription Form, you will further submit all relevant documents with which the application would be vetted for approval.
4. Execution of Development Agreement: Immediately the self funding option is decided, you are expected to execute the development agreement. The agreement, among other terms, would state the interval of remittances, type of house, cost of house and location of the house.
5. Issuance of Allocation Letter: At the execution of the agreement, the allocation letter of the plot of land shall be issued. This shall include all other documents associated with the allocation, including Survey Plan and copies of evidence of all required payments.CLICK HERE TO GET YOUR QUOTE