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Employer Assisted Mortgage 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 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