The ordinary mortgage loan is designed to assist customers to access loans for purchase or construction of residential or commercial property. The product has the following features:
- Product tenor varies with age to retirement (65 years) with a cap of 20 years
- 12% interest rate
- 25% deposit
- Mortgage Establishment fees 1.5%, Valuation fees 1%
- Security- First mortgage bond IFO FBC Building Society
- Traceable proof of income
- Available to clients in Zimbabwe and Zimbabweans living abroad
- Clients to open a Homesave account with the Society