- Housing loan
This loan is used to finance building construction, remodeling and major refurbishment.
Home improvement loan
This loan is used for general home improvements for example: household fittings, furniture and minor repairs.
Land acquisition loan
This loan is used to acquire land.
Conditions to note:
- Title to the land will be held by the society until all installments are paid.
- No developments can be made on the plot without permission from the society.
HOMES is passionate about sustainable energy and for that purpose will provide favorable financing for energy-related products to its members. We will actively identify and make use of cost-effective home energy solutions, including: low-cost energy systems and renewable energy alternatives.
We encourage all members and community as a whole to reduce their energy consumption and use the energy savings to help pay off their loans over time.
General purpose loans
This is a short term loan of not more than 6 months for any purpose including emergencies.
Interest on Loans
Interest on housing, home improvement, land acquisition and energy loans is 1% per month and 4% per month on general purpose loan.