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
- The product is designed to assist customers to access loans for any legal use against mortgageable security
- The product assist customers in unlocking value on their existing property
- The product has the following features:
- Customers can borrow up to 60% 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
- 90% interest rate for individuals and 110% for companies
- 1% valuation fees, 1.5% mortgage establishment fees
- Product tenor of a maximum of 3 years
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