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Equity Release

CABS Equity Release Mortgage Loans are available for corporates. You can borrow up to 50% of the value of your own paid up property at CABS.

How it works


Maximum of 5 years

Interest rate

17 % p.a.

Valuation fees

2% to be paid over the life of the loan.


First mortgage bonds to be registered over the immovable property in the name of the borrower

Acceptable Security

Urban Commercial or Residential property only

Maximum Qualification

Positive cash flows

Loan to Value Ratio

Maximum of 50%

Legal fees

Bond registration included as part of the loan

Insurance for the mortgaged property (HOC)

Society shall arrange a comprehensive insurance cover through OMICO for the mortgaged property to cover against fire and other usual risks.

Loan purpose

Any purpose as long as it is legal


    • The Equity release loan allows borrowers to unlock value out of their paid up unencumbered property.
    • Unrestricted use of funds as long as it is legal.
    • Legal fees are included in loan amount.
    • No deposit required.


Qualification Criteria

    • Property should be in the name of the borrower or in the name of a Trust where borrower is the settlor and beneficiaries are not minors or in the name of Non-Trading property owning company controlled by the borrower.
    • Property must be unencumbered.
    • Security for corporates is restricted to unspecialised residential or commercial properties which are easier to realize as compared to security on specialized commercial or industrial properties.
    • Income source must be reasonably sustainable over the duration of the loan.
    • Proceeds from identified source of repayment must have been banked with CABS for at least three (3) months.
    • Corporate customers include the trusts and other organisations under the Small to Medium Sized Enterprises (SME) category.

Acceptable Source Of Repayment

    • Business income supported by latest management accounts, at least two (2) full year financial results, cash flow projection statements and at least six (6) months bank statements.

Points To Note

    • The tenure for corporates is 5years.
    • The interest rate for corporates has been reduced from current 18% to 17% per annum.
    • CABS will pay bond registration fees for the borrower which will be capitalised into loan and recover these through the monthly instalment for the tenure of the loan.  The LTV ratio however has to remain within 50% inclusive of the legal fees.
    • Existing customers are eligible to apply for review of terms & conditions for consideration by the business.