Diaspora Mortgage Loan
A loan for Diaspora members to purchase or construct residential/commercial houses.
Eligibility: Members of the Diaspora community.
Key Features:
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- Equity contribution: 20% in foreign currency.
- Max tenure: 15 years (with grace period).
- Interest rate: 11% (may be relaxed).
- The property is held as collateral.
- Mortgage Redemption Insurance (MRI) is optional.