Home | Ordinary Mortgage - Individuals & Companies (RTGS)

Ordinary Mortgage - Individuals & Companies (RTGS)

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 ordinary mortgage loan is designed to assist customers to access mortgage loans for purchase or construction of residential or commercial property
  • The loan can be accessed in different phases for construction until the property is completed
  • The product has the following features:
  • Product tenor of 3 years
  • 90% interest rate for individuals and 110% for companies
  • 25% minimum 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