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CBZ Bank offers commercial and industrial loan facilities for the purposes of construction, purchase or improvements of commercial properties.
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CBZ Bank offers commercial and industrial loan facilities for the purposes of construction, purchase or improvements of commercial properties.
Go to property search
Enhance your business capabilities with our Commercial Mortgage Finance which offer a range of exceptional options tailored for your needs. CBZ is committed to empowering Corporates, SMEs, Schools and Churches with loan solutions for business purposes and acquisition of movable and immovable property on the security of an immovable property with title deeds.
The loan facility comes in various forms to meet diverse needs such as land development, building, property improvement, equity releases and purchase of existing property or vacant land. This loan facility provides flexible repayment terms, empowering businesses and institutions to invest in their growth and expansion.
Apply for a mortgage loanFrom raw land (stands) to finished products (houses) and agro-residential properties, our stock gives you unlimited choices.
Contact a relationship manager
We offer flexible and agile solutions that offer great customer experiences.
From mortgage loan origination
to home buying and anything in between,
our clients can seamlessly enjoy all these services from
anywhere in the world. We serve both individuals and corporates.
Certificate of incorporation
Memorandum & Articles of association
Current tax clearance certificate
Cr 6
Board resolution to borrow certified by the chairman and company security
Latest form of annual return
Trading licenses (if any)
Valid NSSA certificate
Application letter covering the current exposures with CBZ or with any other financial institution by company applying, all related companies, directors & shareholders
Bill of quantities and quotations from contractors (if building finance/ property improvements)
Approved plans (if building finance / property improvements)
Agreement of sale (if purchasing)
Copy of title deeds for proposed collateral
Instruction to debit application fees
Audited financial statements for last three (3) complete years and management accounts for the current period (last audit to date).The financial statements must have been prepared by accountants registered by the Public Accountants & Auditors Board (copy of practicing certificate must be attached).All the statements should be signed by the Directors.
Bank statements for the past 6 months for other banks and arrangements in place (if any).
Commentary on the latest year -end and year to date management financial statements including comparison of actual performance with budgets and forecasts.
Actual cash flow for the current period and cash flow forecast for the next 12 months.
Schedule of other bank facilities held.
Debtors & Creditors age analysis.
Date business was established, nature of business, business location & details of products offered
List of top 10 customers & list of suppliers
Commentary on past and present performance – challenges and triumphs
Future plans and prospects
Shareholding structure
An organogram of the management structure of organisation
The background, skill and experience of senior management
Schedule of assets
Lists of names and residential addresses of the directors & brief profile of each. Where a director (s) are required to stand as surety, statements of assets & liabilities may be requested. (personal financial statements)
A brief report on how the company will mitigate the following risks and any other risks involved in that particular industry:
Apply for a flexible and affordable CBZ Commercial Mortgage today.
Interest rates of between 17% - 19% per annum depending on client risk profiling and relationship with the bank
Tenure of up to 3 years
1% per annum administration fees on reducing balance
1% valuation fee once off
3% establishment fee once off
Non-refundable application fee of $300
We are in charge of building a great property buying and mortgage lending experience for our customers and for us the key component of that is having full control over the entire life cycle of the processes, from initial inquiry to title deeds transfer or loan receipt.
Proof of permanent employment (pay slip & letter from employer) OR other acceptable constant income
Certified copy of ID
3 months’ Bank statements showing income
Copy of title deed upon application
Agreement of sale
Application fee – USD300
1% of loan amount- valuation fee (once off)
3-6% of loan amount establishment fee (once off)
1% admin fee on loan on a reducing balance basis
17% p.a. interest rate over 3 years
Loan up to 75% of purchase price based on one’s income
Fully completed Mortgage Application Form
Proof of permanent employment (pay slip & letter from employer) OR other acceptable constant income
Certified copy of ID
3 months’ Bank statements showing income
Copy of title deed upon application
Agreement of sale
Application fee – USD300
1% of loan amount- valuation fee (once off)
3-6% of loan amount establishment fee (once off)
1% admin fee on loan on a reducing balance basis
17% p.a. interest rate over 3 years
Loan up to 75% of purchase price based on one’s income
Fully completed Mortgage Application Form
Letter specifying purpose for funding (also attach supporting documents)
Proof of permanent employment (pay slip & letter from employer) OR other acceptable constant income
Certified copy of ID
3 months’ Bank statements showing income
Copy of title deed upon application
Application fee – USD300
1% of loan amount -valuation fee (once off)
3-6% of loan amount establishment fee (once off)
1% admin fee on loan on a reducing balance basis
18% p.a. interest rate over 3 years
Loan of up to 60% of property value based on supporting income
Fully completed Mortgage Application Form
Proof of permanent employment (pay slip & letter from employer) OR other acceptable constant income
Certified copy of ID
3 months’ Bank statements showing income
Copy of title deed upon application
Copy of approved plan
Application fee - USD300
1% of loan amount - valuation fee (once off)
17% p.a. interest rate over 3 years
Quotations for work to be done/ Bill of quantity
Fully completed Mortgage Application Form
Proof of permanent employment (pay slip & letter from employer) OR other acceptable constant income
Certified copy of ID
3 months’ Bank statements showing income
Copy of title deed upon application
Application fee - USD300
1% admin fee on loan on a reducing balance basis
3-6% of loan amount establishment fee (once off)
1% of loan amount - valuation fee (once off)
17% p.a. interest rate over 3 years
Quotations for work to be done/ Bill of quantity
Fully completed Mortgage Application Form
It is a condition of this facility that the following security be held
Registration of a first mortgage bond over the urban immovable property that is being purchased or renovated
All properties mortgaged by CBZ BANK, as security for the loans shall be insured through CBZ Insurance Company
The borrower should have funds available to meet, Transfer, Bond registration, Valuation fees
and application fees
A commercial mortgage is a loan for purchasing or developing property used for business purposes. Unlike residential mortgages, which are for personal homes, commercial mortgages are intended for properties like offices, retail spaces, or industrial buildings.
Business owners, partnerships, developers, non-profits, trusts and institutions can apply for commercial mortgage finance to purchase or refinance properties used for business or investment purposes
Eligibility generally requires company registration documents, robust financial statements, a comprehensive business plan, and compliance with specific property criteria
A property evaluation assesses the market value of the property, helping lenders determine the loan amount and evaluate the risk involved.
Tracking application involves a few steps:
The bank will determine the loan amount after assessing your financials.
The approval process can take place within 21 working days.
All information appearing on these pages is provided without a representation or warranty whatsoever, whether expressed or implied and no liability pertaining thereto will attach to CBZ Holdings. All calculations done through the use of software or calculators supplied on these pages, including the rates quoted, are guidelines only and subject to final confirmation at the time of finalizing the transaction. All information regarding the product and services including information in respect of the terms and conditions, interest rates or any other matters is subject to change without notice. read more...
