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*CBZ Offers Diaspora Mortgages. (PDF Download)*
https://www.pindula.co.zw/2023/02/09/cbz-offers-diaspora-mortgages-pdf-download/about-us/?article

We encountered some information on Twitter about “flexible and affordable CBZ Diaspora Mortgages” so we got in touch with the bank for more information.

Here’s the response we got:

*Housing schemes currently available for sale:-*

Nehosho stands/houses – Gweru US$34/m² before vat average size 150m²
Mtausi Park – Gweru US$13/m² before vat average size 2040m² (cash price discounted @ US$11/m²)
Mbizo 21 – Kwekwe US$27/m² before vat average size 320m²

_Value Added Tax is 14.5%_

_The bank is also giving mortgage loan to clients who earn in foreign currency. Below are the terms and conditions:-_

Tenure : 5 years
Interest rate : 12-14% per annum
Administration fees : 1% per annum on reducing balance
Establishment fee : 3% once off
Application fees : USD$100.00
Deposit : 25% of value of property / 10% on Bank projects

_Maximum tenure for all loans is now at 3 years_

The bank also sent the following PDF which has additional information regarding the mortgages:

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*Latest itel A70* - now available on Pindula
128GB storage, 8GB RAM
*$89 Cash on Delivery.*

_We deliver in Harare and Bulawayo everyday between 9am and 4pm_

also available on Zero Deposit to Civil Servants and Pensioners.

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CBZ Bank Mortgage Finance Presentation 2023.pdf

CBZ Bank is a subsidiary of the listed financial services group CBZ Holdings. To contact the bank regarding these mortgages, use diasporamortgages@cbz.co.zw

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A note from Pindula. Are you in the diaspora? Does this sound like a good deal or not? Do you know other diaspora-targeted property or mortgage products that we could share with the Pindula community? Please comment below or send us an email on hello@pindula.com

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