We are pleased to inform you that we are now offering mortgage loans to finance the outright purchase of houses under our Ruwa project.
Mortgage Terms and Conditions
- Tenure = up to maximum of 15 years
- Interest rate = 8% p.a
- Establishment fees = 2%
- Legal fees (transfer and bond fees) standard tariffs apply.
- Repayments must not exceed 45% of net monthly income
- Monthly repayments are to be made in foreign currency.
- Confirmation of Employment-Letter from the Employer (Formally and Permanently employed)
- 3 months’ pay slips (most recent)
- 6 months bank statement (most recent)
- 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 submission of the above.