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Home Finance Company Gambia Ltd

Contact Address:
Home Finance Co. Ltd.
2nd Floor Trust Bank Bldg.
Westfield Junction
Kanifing, New Jeshwang
The Gambia, West Africa

Tel no: +220 4376375 
Fax:               4398349


The Home Finance Company of The Gambia Ltd. (HFC) are a Gambian based mortgage firm offering home loans to individuals to purchase residential properties.

They claim to offer low rate financing and flexible interest rates.

• HFC House Purchase Mortgage (HPM):
This product is a mortgage financing facility designed to assist prospective buyers to purchase residential properties on the market. It is flexible and can be personalised to the applicant’s requirements. Maximum repayment term of 20 years applies.

Applicants under the HPM may be resident, non-resident Gambians or corporate customers, with verifiable and sustainable monthly incomes sufficient to repay the loan within a specified term. The maximum term for this line of credit facility is 15 years for resident Gambians and 10 years for non-residents or the equivalent of the applicant’s residual working life, whichever is earlier. Business HPM loans are for periods of 5 to 7 years. Joint applications between spouses, parent/child and siblings are permitted.

Borrowing shall not exceed 70% of the value of the house. The maximum loan amount for a corporate request is 15% of the net worth of the entity or as determined from time to time by HFC. Any additional amount required, in excess of the approved loan, must be contributed by the applicant, or obtained through a joint financing arrangement.

Clear and undisputed title to the property, duly registered, together with all necessary permits, and approved building plans are necessary requirements. An applicant will be required to make a minimum down payment of 30% of the cost of the house and secure the loan with the property under a mortgage deed.

Three factors determine what your monthly payment amount is: -

(1) Mortgage amount

(2) Repayment period

(3) Interest rate charged

• Home Completion Mortgage:
This plan is designed to assist applicants with money to complete the construction of their incomplete house in Gambia. The facility is available for applicants with verifiable and sustainable incomes, and the ability to repay the loan within a specified term.

Loans shall not exceed 70% of the total cost of construction of the property. Applicants are therefore required to have contributed, at least, 30% of the total construction cost.

• Equity Release:
They also offer home equity loans which enables home owners to realise the equity accumulated in their house to increase their purchasing power by refinancing their house. The equity released should be used in a meaningful manner.

With the Home Equity mortgage loan, HFC will lend to qualified homeowners up to 80% of the equity vested (forced sale value) in their properties. Where prospective borrowers have existing loans on their buildings, HFC would seek to consolidate them with the expected credit advance where possible to become the first lien holder.

• Home Improvement Loans:
This HFC scheme offers home owners money to undertake improvements or renovations and extension works on their existing house in Gambia.

Monthly Installments:
The amount of monthly installments will be the projected amount required to amortize the loan over the agreed period.

The information above may be out of date so you should check details with the above mentioned home loans company directly before making any mortgage or other decisions.
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