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Ordinary Mortgage- Individual

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:

  1. Product tenor varies with age to retirement (65 years) with a cap of 20 years
  2. 12% interest rate
  3. 25% deposit
  4. Mortgage Establishment fees 1.5%, Valuation fees 1%
  5. Security- First mortgage bond IFO FBC Building Society
  6. Traceable proof of income
  7. Available to clients in Zimbabwe and Zimbabweans living abroad
  8. Clients to open a Homesave account with the Society