This is the new product which the PBZ has just started to issue. This type of loan allows a customer to obtain a certain amount of money so as to finance purchase or construction of a house.
• Employed customers
• Self- employed customers
• Limited liability companies
• Partnership enterprises.
• Buying business premises
• Extending existing business premises
• Making residential and commercial investments
• Developing property
• PBZ customer for at least six months
• Permanent employee
• A customer should provide:
- Two passport size photo
- Certified copy of passport/ or residency permit
• Salary slip for the past three months
• Application letter to request the loan from the bank
• He/ She should be a PBZ customer for at least six months.
• A customer should provide:
- Business license
- TIN or VAT
- Physical business location
- Three passport size photo
- Certified copy of passport/ or residency permit
• Certified copy of certificate of registration
• Audited financial statements.
• Cash flow projections
• Customer should provide documents showing the arrangements with the seller (if any)
• Customer should provide documents showing the value of the house.
• PBZ customer for at least six months.
• Customer should provide:
- Copy of valid business license
- TIN or VAT
- Physical business location.
- Three recent passport size photo
- Copy of passport/ or residency permit.
• Audited financial statements for a period not less than two years.
• Cash flow projections.
• Title deed of fixed security.
• Certified board resolutions
• CVs of directors
• IDs of directors
• Memorandum and Articles of associations
• Copy of certificate of incorporation
• PBZ customer for at least six months.
• Customer should provide:
- Business license
- TIN or VAT
- Physical business location.
- Three recent passport size photos
- Copy of passport/ or residency permit.
• Audited financial statements for a period not less than two years.
• Cash flow projections.
• Title deed of fixed security
• Partnership deed
• CVs of managing directors
• IDs of directors
• Copy of certificate of registration
• You can keep ownership of your business and your business premises. Other investment options might involve you giving up some of your business ownership
• You can make substantial capital gain. This can be a great way of realizing capital growth over a long period
• Commercial mortgages are not subject to rental fluctuations of residential properties giving you a more stable business planning environment
• Improved cash flow management. Commercial mortgage payment plans normally extend for a number of years letting a business focus on profit and loss and cash flow matters
• providing the lender agrees, you can sub-let some of your business premises.
• The interest charges for mortgage finance is 21%
