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 employer assisted scheme is a means of attracting, retaining and empowering critical skills of the company.
- The following are the features of the product:
- Employer to invest with the Society who will in turn administer loans to the employees
- Product is customized employer determines pricing that is loan tenor, interest rate.
- The investment period is the maximum loan tenor
- The Society charges a margin for administration
- Mortgage Valuation fees 1% Mortgage Establishment Fees 1.5% which can be part of the loan
- Property to have title deeds and in urban center
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