Before you signup to use our Build Now Pay Later service (Construction On Credit), it's important you understand that we only provide what's on the Bill of Quantities (BoQ), and both the project owner and the project itself meet some very basic requirements:
LAND OWNERSHIP
You obviously need your own land to qualify to use our services. If you don't have land, we can assist you find some to you at a cost or fee via DCANS Lands Ghana (corporate sibling & part of The DCANS Group Limited).
This land MUST:
- Be in your own name. If you claim your land is a gift from a family member, you can only use this land only after you have changed the name on the land documentation , or you apply to use our services jointly with the existing named owner on the land owner (if you don't or can't change the name on the land documentation).
- Not have been used as collateral for any any existing loan (Unencumbered)
- Be Litigation-Free
- Have Valid Land Title Certificate, or Indenture + Valid Site Plan.
QUALIFIED INCOME
You need to show proof that you can repay us (either in bulk or pre-agreed monthly installments) after project completion and/or handover. We don't take on any projects based on just mere talk, or promise to pay - We always verify income sources before taking up any project for execution !!
Salaried Workers
Minimum verifiable net monthly income MUST be GHs5,000. And 50% of your existing net monthly income multiplied by your remaining active working months to retirement MUST ALSO be above GHs500,000.
Registered Business Owners
Net Monthly Salary MUST be above GHs5,000, or the business you own MUST have an annual turnover above GHs1,000,000 ()\if you don't pay yourself a salary.
Registered Entities
Registered Entities MUST have an annual turnover above GHs2,000,000.
The only time we waive this is a valid Feasibility Study and valid BOQ for Build-to-Rent and Build-to-Sell.
Non-Resident Ghanaian Income Proof Warning: There seem to be people resident outside of Ghana who seem to think their mere living outside Ghana makes them financially capable of repaying us on project completion and/or handover. You NEED to show proof of regular monthly income to qualify to use our services.
ARCHITECTURAL AND/OR STRUCTURAL DRAWINGS
Valid Architectural and/or Structural Drawings. We can provide this preconstruction service at a small additional fee, BUT you can always have any qualified external professional to have them done for you.
BILL OF QUANTITIES (BOQ)
As part of our transparent pricing, qualified BoQs are required for all our projects.
BUILDING PERMIT
We can provide this mandatory requirement at a fee (if not already available).
Commercial Project Specific
Ability to Repay assessment for owner-occupier for salaried workers is tied solely to their verified net monthly income above GHs5,000.
If you're for a commercial project with non-existent historical sales/revenue data, you will need to provide us with credible feasibility study and/or personal guarantee.
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