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Mortgage Finance schemes for individuals for the purposes of:
Individuals residing in Zimbabwe can now make their property dreams a reality with the Local Individual Mortgage. CBZ is offering and advancing loans to individuals, for personal purposes and acquisition of movable and immovable property on the security of an immovable property with title deeds. The bank offers mortgage solutions for individuals as well as joint applicants, allowing both solo buyers and partners to take a step toward owning their dream property.
This affordable loan facility comes with flexible terms, including various repayment terms allowing borrowers to choose what best suits their financial situation. It can be used for building, property improvements (e.g. solar installations, borehole drilling, security systems), home equity, purchasing of an existing house and vacant land.
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.
Employment confirmation
Proof of income e.g. current payslip, lease agreement etc
Certified Copy of ID
3 months bank statement (other financial institutions)
Non-Refundable application fee (attach instruction to debit application fee)
Copy of title deed upon application
Agreement of sale (purchasing)
Bills of quantities/ Quotations for work to be done (building finance/property improvement)
Affidavit (if the loan is supported by a guarantee)
Copy of approved plans (building finance)
Age restrictions for applicants 18 years and above
A CBZ Acccount
Apply for a flexible and affordable CBZ Local Individual 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 $110
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 – USD110
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 – USD110
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 – USD110
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 - USD110
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 - USD110
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
Individual local mortgage finance is available to Zimbabweans residing in country who are looking to purchase, build and renovate properties.
It serves various purposes including purchasing a stand or an existing property, building and for property improvements.
You input your salary and preferred tenure on the calculator.
Tracking application involves a few steps:
The approval process can take place within 14 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...
