We offer a strategic partnership helping you to fund well-timed projects that enhance your neighborhood’s aesthetics, infrastructure and market value.
This product focuses only on financing expenditures that aim to improve the external ambience of the existing estate through the following:
Minimum opening and operating balance of =N=100,000.00
Your estate must have a minimum of 20 housing units to qualify
Only registered resident's associations qualify
The association must have an account with the bank
Security will be provided by the facility manager
The association must have operated an account with RMB for at least six months.
Must be guaranteed by two eligible residents of the estate with verifiable net worth
Turnaround time of 24 hours, subject to submission of all documents
A signed application letter
A filled application form
Submission of copy of title documents
Satisfactory legal search on title documents
Credit checks on two credit bureaus, i.e. XDS and CRC
Duly accepted offer letter
Perfection of title documents or transfer of property to RMB
Letter of guarantee from 2 guarantors (estate residents)
Two undated cheques from 2 guarantors for the total amount and interest
Payment of upfront fees
Property insurance policy on property being used as collateral
