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4. BACK OFFICE LOANS Development Loan There are two types of development loans; normal and Jitegemee loans. These loans are granted for development purposes such as buying land and construction. They
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Construction loans are loans specifically for funding the construction of a new building or renovation of an existing one.
Individuals or companies who are seeking funding for construction projects are required to file for construction loans.
To fill out construction loans, applicants need to provide detailed information about the project, budget, timeline, and financial status.
The purpose of construction loans is to provide financial support for construction projects until they are completed and can be refinanced or sold.
Information such as project details, construction timeline, budget, financing plan, and collateral must be reported on construction loans.
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