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Home Loan
We are delighted to offer our clients the opportunity to own their residential property and to give them the gratification that monthly payments are going towards purchasing the property and not rentals. With Nedbank Home Loans you can become a homeowner.
We are delighted to offer our clients the opportunity to own their residential property and to give them the gratification that monthly payments are going towards purchasing the property and not rentals. With Nedbank Home Loans you can become a homeowner.
We are delighted to offer our clients the opportunity to own their residential property and to give them the gratification that monthly payments are going towards purchasing the property and not rentals. With Nedbank Home Loans you can become a homeowner.
We are delighted to offer our clients the opportunity to own their residential property and to give them the gratification that monthly payments are going towards purchasing the property and not rentals. With Nedbank Home Loans you can become a homeowner.
What do you need to apply?
- Latest payslip
- 3 months bank statement
- Letter from employer
- A copy of the Deed of Sale or offer to purchase
Requirements for Diaspora Home Loans
- Applicants must open a Nedbank Current Account
- Notarized copy of a valid Zimbabwean passport
- 6 months stamped bank statement on bank letterhead
- 3 months consecutive pay slips
- Original proof of residence in the country of residence
- An affidavit signed by a notary public confirming identity, residence and work status
- Letter from employer confirming salary, retirement age and contract of employment long enough to cover the loan tenure
- Copy of work and residence permit confirmed by the Zimbabwean Embassy
- Special power of attorney for person signing the documents on behalf of applicant and the certified national identity and proof of residence
- Two copies of agreement of sale for purchase of property
- Copy of Title deed
- Proof of 30% deposit and legal fees (10-13% of loan amount)
- Application fee receipt of $100.00
- Fully completed application form
Features and Benefits
PRODUCT |
WHO IS THIS FOR? |
BENEFITS |
Private Home Loans |
Individuals (and couples) looking for basic home loan finance. |
Nedbank Private Home Loan allows you to borrow and purchase an existing residential property at very competitive interest rates, with repayment of up to 20 years.
|
Employer Assisted Schemes |
Employees can be assisted by their companies (where they qualify) to purchase their private home. |
Reduction of upfront payments required on the part of the employee and in some cases, reduction of interest rates. |
Diaspora Home Loans |
Zimbabweans living and working outside the boarders of Zimbabwe. |
Home is where the heart is. Through the Diaspora Home Loans, individuals (Zimbabweans) who are living and working abroad can buy a property in Zimbabwe. The property can be leased out and the rent used to pay off the mortgage. |
Home Improvement Loan |
Property owners who would like to boost the value of their property. |
The Home Improvement Loan allows home owners to make improvements that they have always dreamed of on their homes. The loan will be up to 30% of the value of the property. Loan tenure up to 10 years. Minimum loan amount : $5,000 Maximum loan amount : 75,000
|
Equity Release Loan |
Home owners who wish to realise the full potential and value of their property. |
This product allows you to unlock the value of your property and use the funds to cater for other financial needs. The loan is up to 40% of the property value. Loan tenure up to 10 years. Minimum loan amount :$5,000 Maximum loan amount: $75,000 |
A copy of the Deed of Sale or offer to purchase is needed
Additional Information
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