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LENDING SOLUTIONS

NMB MORTGAGE LOAN

NMB Mortgage Loan is designed to assist you to own your dream house. With just a saving of 20% of the house value, we will make your dream a reality.

 

Benefits

  • You will get a loan of 80% of the house sale value
  • You can choose flexible terms for repayments from 1 year to 15 years
  • Joint borrowing of husband and wife with spouse consent is allowed.
  • You will enjoy our bank services wherever you are in any of  our over 170 branches

 

Features

  • A minimum loan amount of TZS 20 Million and the maximum of TZS 500 Million
  • Available to both Employees and Businesspeople/Professionals

 

General requirement you need to qualify for the loan

  • Account with NMB bank
  • A duly signed and completed application form
  • Three passport size photographs 
  • Copy of passport or voter's ID or employment ID
  • Sale agreement duly signed by both parties and witnessed by a lawyer
  • Certified copy of title deed of the property to be purchased with minimum lease term of 33 years
  • Property valuation report from NMB bank’s approved valuers
  • For customers buying National Housing Corporation houses, Offer letter issued by NHC will be considered for loan processing

 

Specific requirement for an employee to qualify for the loan

  • Salary slip for the last 3 months 
  • Bank statements for the latest 3 months for non NMB customers
  • Employer introductory letter confirming employment contract and status

 

Specific requirement for businessmen/professional to qualify for the loan

  • Bank statements for the last 24 months for non NMB customers
  • Financial statements to validate sources of revenues i.e. Audited Accounts for the past 2 years and cash flow projections.
  • TIN number 
  • Certificate of registration
  • Business License

 

Where do I apply?

If you are interested in this product, please contact your nearest NMB branch by clicking HERE.

 

SELL
  • USD: 2,286
  • GBP : 2,881
  • EUR : 2,425
  • JPY : 23
  • ZAR : 193
  • KES : 25
  • UGX: 0.7237
  • AUD: 1,768
  • CAD: 1,756
  • CHF: 2,276
  • CNY: 345
  • DKK: 399
  • NOK: 289
  • SEK: 269
BUY
  • USD: 2,166
  • GBP : 2,720
  • EUR : 2,298
  • JPY : 17
  • ZAR : 153
  • KES : 20
  • UGX: 0.5237
  • AUD: 1,668
  • CAD: 1,656
  • CHF: 2,176
  • CNY: 305
  • DKK: 299
  • NOK: 249
  • SEK: 229
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