Green Mortgage Loan
Taking care of the planet starts with each of us – we offer green financing solution for the purchase, construction, or upgrade of energy-efficient buildings, helping developers and property owners to meet global green building standards, and reducing environmental impact in the process.
Benefits to Borrower
Longer mortgage tenor to improve affordability/flexibility
Potential property value appreciation due to green certification
Discounted interest rates with potential green financing incentives
ower cost of home ownership through energy and water savings
Positive environmental impact and contribution to climate change mitigation
FAQs
You can access up to 80% of the cost of a certified green property, allowing you to finance most of your home purchase with ease.
The loan offers a tenor of up to 10 years, giving you sufficient time to repay comfortably while maintaining affordability.
Borrowers are required to provide a minimum equity contribution of 20% of the total property cost before the loan is disbursed.
The loan comes with a discounted interest rate of 24% per annum, subject to prevailing money market conditions. A 1% management fee and other standard charges such as monitoring fees, legal/perfection fees, and insurance premiums also apply.
Security includes a legal mortgage over the registered title of the green-certified property. Additional requirements may include a third-party or corporate guarantee, undated cheques, and a Remita/NIBSS debit mandate.
Couldn’t find what you were looking for? Visit our Helpdesk or write to us at help@agmortgagebankplc.com