Home Improvement Mortgage Loan

Upgrade your home without draining your savings. Access up to 25% of your property’s value with flexible terms, competitive rates, and secure financing designed to help you renovate, enhance comfort, and increase property value with ease.

Features

Transparent loan terms built to support sustainable homeownership.

Eligibility

Property owners with verifiable income and good credit standing

Loan Amount

Up to 25% of the property’s Forced Sale Value (FSV), subject to single obligor limit

Tenor

Maximum three (3) years (maximum tenor subject to borrower’s age and retirement horizon)

Pricing

Management fee @ 1% flat

Security

Legal mortgage over the registered title document of the pledged property

Benefits of HIM Loan

Borrower enjoys access to affordable funding for property upgrades, remodel and retrofits, enabling value appreciation, energy efficiency, and enhanced comfort without depleting savings.

Competitive interest rates making lending more affordable

Enhances property value and marketability through quality improvements.

Flexible repayment options spread the cost of upgrades over time.

Can cover a wide range of needs — structural repairs, extensions, energy efficiency upgrades, or modern amenities.

Improves comfort, safety, and living standards for homeowners and their families.

FAQs

Who is eligible to apply for this loan?

Eligible applicants are property owners with verifiable income and good credit standing. Applicants must also meet age and retirement criteria to align with the loan tenor.

How much can I borrow under this facility?

You can access up to 25% of your property’s Forced Sale Value (FSV), subject to the bank’s single obligor limit and overall credit assessment.

What is the maximum repayment period for this loan?

The loan has a maximum tenor of three (3) years, depending on your age, income stability, and proximity to retirement.

What interest rate and fees apply to this loan?

The loan is priced at the prevailing mortgage interest rate, with a 1% management fee and standard charges such as legal/perfection fees, insurance premiums, and other fees under the bank’s tariff.

What security is required before the loan can be granted?

Security includes a legal mortgage over the registered title of the pledged property. Additional requirements may include a third-party or corporate guarantee, undated cheques, and a Remita/NIBSS debit mandate.

What can I use the loan for?

The loan can be used for property upgrades, renovations, structural repairs, extensions, retrofits, energy-efficiency improvements, or adding modern amenities to enhance comfort, safety, and property value.

What are the benefits of taking this loan?

Borrowers enjoy access to affordable renovation funding, competitive pricing, increased property value, flexible repayment options, and the ability to upgrade their home without depleting personal savings all while improving comfort and long-term living standards.

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