Mortgage Loans
Own your dream home with up to 90% of the value of the ready or off-plan property you want. With flexible payment terms and repayment periods of up to 25 years, becoming a home-owner is now an achievable goal. Features Minimum loan amount of TZ. 20,000,000 or USD equivalent. Maximum loan amount is determined by
Own your dream home with up to 90% of the value of the ready or off-plan property you want. With flexible payment terms and repayment periods of up to 25 years, becoming a home-owner is now an achievable goal.
Features
- Minimum loan amount of TZ. 20,000,000 or USD equivalent.
- Maximum loan amount is determined by the borrower’s income.
- Flexible repayment period, determined by borrower’s age.
- Interest rate is calculated on a reducing balance basis.
- Buy-back through other banks is allowed.
- Loan is insured against death or permanent disability.
- Mortgage Protection and Fire Policy Insurance are required.
- Available in TZS and USD.