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CBZ Private Mortgage Finance Division offers facilities to Private individuals for the purposes of:-

  • Building Finance
  • Purchase
  • Property improvements

REQUIREMENTS

Purchase requirements

  • Proof of permanent employment/acceptable constant income
  • Copy of ID
  • 3 months’ CBZ Bank statements showing income
  • Copy of title deed upon application
  • Copy of approved plan
  • Agreement of sale
  • $25.00 application fee
  • 1% of loan amount- valuation fee(once off)
  • 3% of loan amount establishment fee(once off)
  • Loan up to 60% of purchase price based on one’s income
  • Interest rate of up to 16% per annum over a maximum period of 10 years.
  • Fully completed Mortgage Application Form

Building finance requirements

  • Proof of permanent employment/acceptable constant income
  • Copy of ID
  • 3 months CBZ Bank statements showing income
  • Copy of title deed upon application
  • Copy of approved plan
  • $25.00 application fee
  • 1% of loan amount -valuation fee(once off)
  • 3% of loan amount establishment fee(once off)
  • Interest rate of up to 16 % per annum over a maximum period of 10 years.
  • Quotations for work to be done/ Bill of quantity
  • Fully completed Mortgage Application Form

Additional requirements for diaspora clients

  • Letter confirming employment
  • Work permit or residence permit
  • Power of Attorney
  • Six months bank statements showing income
  • Three months’ pay slips

Forex Rates

Last Updated: 21 September 2017
  Base USD 1.00
  AUD 1.2568
  BWP 10.2354
  CNY 6.5943
  EUR 0.8414
  GBP 0.7413
  ZAR 13.3779
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Business Conditions