Have you found a house you’d like to buy?

See our Home Loan features below:

- We will finance up to 80% of the value of the property value

- Deposit required is 20%

- Minimum loan amount is Tshs 11,500,000 0r USD 10,000

- There is no maximum loan amount as this is determined by your repayment ability

- The monthly payments should not be more than 30% of your net monthly income

- The maximum loan repayment period is 15 years

- On approval of the loan, you will be required to open an account with the Bank (if you do not already have
one), through which your Home Loan repayments will be channelled

- We allow lump-sum or clear the full loan at any time without penalties

- Pre- Approval is within 7 days after receipt of all documentation. However the release of funds can take up to 8 weeks after all documents have been indorsed by an attorney, ministry of land and property valuation report has been received

Documents Required.

- A completed home loan application form with terms and conditions – Bank to provide(Attached)

- Stamped Sale Agreement (Not applicable for house re-financing)

- Copy of your current payslip/ proof of income – For business people we need three years Audited Financial statements and confirmation of income from the Auditor.

- Postal and Physical Address

- Proof of identification – ID of Borrowers – incase of Individual / Partnership and or Guarantors

- Certified copy of MEMARTS in case of Companies

- Certified copies of 6 months bank statements (if new client)

- A letter of reference from your employer, or other credible referees

- Certified copy a Certificate of Incorporation for Companies

- Certified copy of a Certificate of Reg. & Extract from Registrar – incase of Registered Business / Partnership

- Certified copy of title Deed (to facilitate property valuation)

- Completion of Medical Questionnaires (Life Cover Mandatory – form attached)

*other terms and conditions may apply