About Realty Car Advance

This is a loan-based product that enables promoters/contributors to connect their money with any of our ongoing real estate projects for a stipulated period. At due date, promoters/contributors will be entitled to an agreed amount of proceed.

Requirements for loan

• Two Individual external guarantors with proper means of identification such as BVN, four (4) passport photographs, Identity Cards and Letter of Intent to guarantee the loan.
• Irrevocable salary domiciliation to the Bank. Execution of Irrevocable Undertaking by Employer to domicile employee salary and other allowances and benefits to the Bank and not to remit salary and other allowances, emoluments entitlements and terminal benefits of employees elsewhere without the written consent of the Bank.
• Signed post-dated cheques
• Employment / Confirmation Letter / Last Promotion Letter
• Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning borrowers
• Equity contribution 30%
• Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning guarantors

States Covered