Overview

If you are a Zimbabwean living in the diaspora the CBZ foreign denominated loan allows you to invest in property back home through the following;

• Purchase of property, building and renovations
• Home improvements – solar installations, security systems, borehole drilling, gate motors, internet connectivity infrastructure
• Any other legal non speculative purposes against the security of immovable property.

Features

• Interest rates of 17% p.a.
• Tenure of up to 5 years
• 3% establishment fees once off
• 1% valuation fees where applicable
• 1% administration fees on reducing balance method
• Non-refundable application fee US$100.00

What you need to apply

• Notarized affidavit confirming identity, residence and work status
• Notarized Power of Attorney supported by certified copy ID and proof of residence not older than 3 months
• Current credit reference report-generated from the country of residence
• Certified work permit or residence permit and proof of residence 3 months or less
• Six months’ bank statements showing income deposits
• Letter from employer confirming employment
• 3 months’ pay slips
• Or any other traceable regular income source e.g. rental
• Opening of a CBZ Nostro account if not account holder
• A fully completed mortgage application form
• Copy of National ID or valid passport
• A negotiable deposit on the purchase price – in the case of property purchase
• Copy of Agreement of Sale – property purchase
• Copy of title deeds
• A bill of quantities and quotations – for building finance and home improvements
• A copy of approved plan