Call for Application – How to Apply for BONNO Turnkey Development loan Scheme Application. The adopted approach is a Design and Build method, where the government, through the Botswana Housing Corporation or private sector, undertakes the responsibility of constructing homes for eligible beneficiaries.
How to Qualifiy
To qualify, the beneficiary must own an undeveloped or “virgin” land parcel that meets certain criteria: the plot should be fenced, cleared of vegetation (de-bushed), temporary store-room and connected to a water supply.
Also Read: How to Apply for Botswana BONNO National Housing Programme (BNHP)
A variety of approved turnkey building plans will be available for applicants to select from. In cases where land has already been identified and new homes are being constructed, these houses will be allocated to eligible citizens through a transparent and fair allocation system.
Turnkey loan Scheme Loan Terms
i. Loan amount: P 90,000.00.
ii. Maximum Repayment period: 20 years at 0% interest.
Also Read: How to Apply for Bonno Home Improvement Loan Scheme
iii. Minimum loan instalment is P 375.00 per month
iv. Default penalty: 10% interest on overdue payments
How to Apply:
Where or how application will be done is yet to be announced. Kindly wait for application forms.