Mortgage-based Housing Loan


The mortgage-based housing loan is a loan accessed from a registered financial institution for purposes of buying, building and/or renovating your house with your house being held as security for the loan. Generally, such loans have the following features:

  • Bond registration costs
  • Estate Agent’s commission priced–in (ordinarily paid by the seller of the house)
  • Related insurances
  • Average repayment term of 20 years and more
  • Loan subject to affordability, value of the house and lenders’ terms
  • Valuation and inspection of the house
  • Employees may access this type of housing loan through lenders who participate in GEHS.