Funds for Rural Housing Loans are appropriated in the National Annual Budget. These funds are given to the National Development Bank Ltd to on-lend as loans for rural housing. The extent of financing for such loans is limited by the amount appropriated each year in the National Budget.

The loans are given for the purchase of building materials to construct or improve existing home in rural areas. The maximum loan term is six (6) years.

All applicants should exhibit the ability to repay to a maximum of 25% of net annual income. Such net income could be derived from farming or wages/salaries. The applicant must build the house in his/her village or permanent place of settlement in the rural area.

Where possible security is taken to cover loans.

For additional information please contact the National Development Bank Ltd, Lending Division enquiries on 3247500.