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22 Aug, 2019 | Posted By: staff reporter
Zimbabwe Diaspora Mortgages Infomation Stewart Bank

Zimbabwe Diaspora Mortgages

Stewart Bank Is pleased to inform you that  they are now offering mortgages, ranging from a minimum of US$10, 000.00 to a maximum of US$400, 000.00.

The Mortgage can be used for any of the following:

  • Construction of a new house
  • Complete a house already under construction
  • Purchasing a finished house
  • Purchase of serviced stand
  • Renovating of already existing house

Mortgage Terms and Requirements

  • Interest rate = 2% p.a.
  • Tenure = up to 25** years maximum.
  • Establishment fee = 2%.
  • Loan Amount = Minimum $10,000 Maximum $400,000.
  • Repayments must not exceed 45% of net monthly income (DBR).
  • 5% initial deposit required. For you to be able to qualify for the 0% deposit you need to remit at least USD $1000 into your Nostro FCA, using the remittance partners on the Square World application.
  • Monthly repayments are to be made using foreign currency.

** Calculated by Subtracting your current age from retirement age of 65years, then multiplying by 12months.

Pre-Assessment Requirements

  • Confirmation of Employment-Letter from the Employer (Formally and Permanently employed)
  • 3 months’ pay slips (most recent)
  • 6 months bank statement
  • Credit Report-e.g. Experian, TransUnion
  • Resident Status-VISA/Work Permit/ Passport
  • Copy of ID-valid Zimbabwean ID or Passport
  • Steward Bank can provide a pre-approved note within 24 working hours of applying

NB: In all cases the property should have title deeds

For more information on features and requirements please email us at DiasporaMortgages@stewardbank.co.zw

For any other queries email us at diasporabanking@stewardbank.co.zw

WhatsApp number: +263784 429 150


ABOUT AUTHOR

staff reporter
staff reporter
Staff Reporter for Zimbolivenews.com & Zimbolivetv.vom



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