Construction & Business Bank

Requirements to Finance Residential construction or Purchase loans for Non-Resident Ethiopians

These documents will be required in order to process the loan application

  • Employment Contract attested (Authenticated) by an Ethiopian Embassy.

  • Latest Salary Slip

  • Identification card issued by employers

  • Letter from employer specifying
        Age
        Salary
        Term of employment

  • Marriage Certificate or otherwise.

  • Minimum of one year service & employment with a recognized & reputable organization.

  • Minimum own contribution of 30% of the construction cost of the project

  • Loan Life:- Maximum 15 Years with an age limit of 60 years.

  • Loan Amount:- Maximum Br. 1.5 million or 70% of the cost of the house which ever is less. (Depends on the borrowing capacity of the applicant).

  • Work Permit with expiry date

  • Land holding Certificate.

  • Approved Plan

  • Construction Permit.

  • Bill of quantities. (For Construction)

  • Legal Entity.

  • Certificate of Registration with the concerned Bureau.

  • Memorandum and Article of Association.