Frequently asked questions
Yes, the financing value varies according to each building, as shown:
- The maximum limit for the restoration of houses built of mud: 18,000 ♦
- The maximum limit for renovating popular homes: 30,000 ♦
- The maximum limit for the restoration of homes built with reinforced concrete: 60,000 ♦
Both male and female citizens who wish to renovate their homes deserve funding.
Payment begins to finance the restoration after 30 days from the date of disbursing the loan.
In financing the renovation, the applicant must be an owner or a partner in ownership of the house according to a legal deed, or under an ownership contract from Ministry of Housing or Real Estate Development Fund or from a commercial bank.
One of the conditions for financing restoration is that the area of land of the building to be restored should not exceed 1000 square meters.
Yes, the house must be at least 5 years old.
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