• Mortgage and Home Improvement Loans.
• To assist customers to purchase, improve existing house, complete a house under construction, buy a plot or construct a house

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• Salaried Employees and Account Holders resident in Malawi
• Non-Resident Malawians with Foreign Currency Denominated Accounts
• Foreign Nationals with Permanent Residence
• Customers with regular income from business
• Companies, organisations and institutions with sound financial capacity

• Up to 15 years for individual borrowers.
• Up to 7 years for institutions.

• Up to 30% of net monthly pay/income, where customer is staying in a rented house.
• Up to 35% of net pay / income where the customer is staying in own house.

• Legal charge or mortgage
• Security can be different property provided it is roofed and located in areas zoned for city or town status.

Interest Rates, Fees and Charges

Reviewed at Bank's discretion but currently

• Base Rate for individual borrower.
• Base Rate plus 4% for institutions.
• Legal fees as per standard legal charges
• Arrangement fees charged as per standard charges booklet.

• Contribution of at least 10% of purchase price.
• Title deeds in the name of the seller.
• Remaining lease term not less than 15 years
• Offer by seller in writing.( Not by agent/third party unless Power of attorney is submitted and held on file.)
• Letter of undertaking to continue remitting salary to the bank account.
• Pay slip not more than 30 days old.
• Copy of Employment contract if applicable.
• Property to be within areas zoned for city or town status.
• Valuation by Bank's recommended valuers, not more than 5 years old.
• Property being mortgaged to be physically inspected  by the Bank.
• Mortgage Finance Application form completed.
• Search Certificate from Lands- not more than  3 days old
• House to be insured with Bank's Interest Noted (BIN).Premium paid up to date. House owners and Credit Life Insurance arranged preferably under Bancassurance Scheme.
• MRA Tax Clearance Certificate and Ground/City rates clearance receipt, also required when creating a transfer of charge.
• Sanction letter acknowledged by customer.
• Costs and quotations for the completion and improvement (Bill of quantities)
• Board resolution authorising the company to borrow in case of Limited Companies.