Equity Financing

Product Requirements

• Pay slip/Proof of income
• Supporting letter from employer (stamped)
• Completion of all relevant sections on mortgage loan application
• Certified copy ID (2 copies)
• Proof of residence (2 copies)
• 6 months’ bank statements
• Work Permit/ Residents permit/Visa (Zimbabweans Residing outside the country)
• 2 passport sized photos
• Details of current and running loans with other banks and supporting documentation thereof where applicable
• Approved plan for construction
• Quotations for home improvement
• Copy of title teed

Product Features

• Customers can borrow up to 50% of the value of their paid up property
• The product assists customers towards meeting their varying plans from home improvements; new projects, Capital for SMEs
• Property to have security and in urban center
• 18% interest rate for individuals
• 1% valuation fees, 1.5% mortgage establishment fees
• Product tenor of a maximum of 5 years