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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

  • 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