23000017775 2017-03-07T11:35:55+02:00 Loans FAQs 23000027692 false Frequently Asked Questions 1 2017-03-07T11:35:55+02:00 1 1 2017-03-07T11:37:33+02:00 15 72 NMB Salary Advance NMB Bank now offers salary advances to individual clients employed by companies in the NMB approved schemes and would have received their salaries through the bank for a minimum period of six months.. Terms and conditions  Qualifying age - 18 to 60 years Minimum Loan Amount - $80 Maximum Loan Amount- $10,000 Tenor - Up to three months Source of repayment - Salary Debt Burden Ratio - 50% of net salary after deduction of loan instalment. Arrangement fees - 0.5% of the loan amount with a minimum of $10. Insurance - 1% of loan amount with a minimum of $10. Interest rate - 18% p.a. NB: This facility is non-revolving NMB Personal Loan NMB Bank offers personal loans to account holders who would have received their salaries through the bank for a period of at least three months.  Terms and conditions: Tenor - up to 36 months Interest rate - 18% p.a. Insurance - 1% of the loan value p.a. Loan limit - up to six times your net salary Contract staff can only access a loan for a period that is within their employment contract Monthly loan repayments must not exceed 40% of net salary Contact your nearest NMB Bank Branch for more information. <p><strong>NMB Salary Advance</strong></p><p><br></p><p>NMB Bank now offers salary advances to individual clients employed by companies in the NMB approved schemes and would have received their salaries through the bank for a minimum period of six months..</p><p><br></p><p><strong>Terms and conditions </strong></p><ul> <li>Qualifying age - 18 to 60 years</li> <li>Minimum Loan Amount - $80</li> <li>Maximum Loan Amount- $10,000</li> <li>Tenor - Up to three months</li> <li>Source of repayment - Salary</li> <li>Debt Burden Ratio - 50% of net salary after deduction of loan instalment.</li> <li>Arrangement fees - 0.5% of the loan amount with a minimum of $10.</li> <li>Insurance - 1% of loan amount with a minimum of $10.</li> <li>Interest rate - 18% p.a.</li> </ul><p><strong><br></strong></p><p><strong>NB: This facility is non-revolving</strong></p><p><br></p><p><strong><br></strong></p><p><strong>NMB Personal Loan</strong></p><p><br></p><p>NMB Bank offers personal loans to account holders who would have received their salaries through the bank for a period of at least three months. </p><p><br></p><p><strong>Terms and conditions:</strong></p><ul> <li>Tenor - up to 36 months</li> <li>Interest rate - 18% p.a.</li> <li>Insurance - 1% of the loan value p.a.</li> <li>Loan limit - up to six times your net salary</li> <li>Contract staff can only access a loan for a period that is within their employment contract</li> <li>Monthly loan repayments must not exceed 40% of net salary</li> </ul><p><br></p><p>Contact your nearest NMB Bank <a href="http://www.nmbz.co.zw/branches/">Branch</a> for more information.</p> 23000027692 1162 23000005107 2017-10-12T10:11:19+02:00 23000418915 1 2 15 72 How can I access a personal loan? 2017-03-07T11:37:33+02:00 23000191250 1 2017-03-07T11:40:22+02:00 3 2 NMB Bank offers mortgages under the employer-assisted scheme, where advances are given to employees against their employers' investments with the bank. Loans under this scheme are offered at significantly lower interest rates. In addition, no deposit is required. Contact our Mortgages Department for more information. Download the application form here. <p>NMB Bank offers mortgages under the employer-assisted scheme, where advances are given to employees against their employers' investments with the bank.</p><p><br></p><p>Loans under this scheme are offered at significantly lower interest rates. In addition, no deposit is required.</p><p><br></p><p>Contact our <a href="mailto:mortgages@nmbz.co.zw">Mortgages Department</a> for more information.</p><p><br></p><p>Download the application form <a href="http://www.nmbz.co.zw/forms/">here</a>.</p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p> 23000027692 140 23000005108 2017-04-12T12:38:05+02:00 23000191250 2 2 3 2 I want to know more about employer-assisted mortgage scheme 2017-03-07T11:40:22+02:00 23000191250 1 2017-03-07T11:45:37+02:00 1 10 NMB Bank offers mortgages for the purchase of residential and commercial properties as well as home extensions and improvements. Home improvements may include but are not limited to, boreholes, driveways, swimming pools, perimeter walls, electric gates, solar lighting and heating systems. Employer-assisted Mortgage Scheme NMB Bank offers mortgages under the employer-assisted scheme, where advances are given to employees against their employer's investments with the bank. Loans under this scheme are offered at significantly lower interest rates. In addition, no deposit is required. Property Remortgage or Equity Release This product enables a person with a fully paid for residential property to apply for a loan leveraged against the value of that property. The loan can be used for investment purposes and other related business ventures. Dream House Savings Account This is a Mortgage lending related product suited for individuals who want to save towards the 25% deposit requirement for a Mortgage loan.Upon raising the required deposit through the Dream House Savings account, one can then apply for a Mortgage loan which is subject to the relevant terms and conditions. It is a zero cost account with no withdrawal fees and monthly service fees. The account should have a minimum balance of US$50, and regular deposits should be made into it. The minimum investment period before any withdrawals can be made is 12 months. An Interest rate of up to 7% p.a is earned on an incremental balance basis and capitalised monthly. This means that you earn more interest on a higher balance. Contact our Mortgages Department for more information. Download the application form here. <p>NMB Bank offers mortgages for the purchase of residential and commercial properties as well as home extensions and improvements. Home improvements may include but are not limited to, boreholes, driveways, swimming pools, perimeter walls, electric gates, solar lighting and heating systems.</p><p style="text-align: center;"><br></p><p style="text-align: left;"><strong>Employer-assisted Mortgage Scheme</strong></p><p style="text-align: left;"><br></p><p>NMB Bank offers mortgages under the employer-assisted scheme, where advances are given to employees against their employer's investments with the bank. Loans under this scheme are offered at significantly lower interest rates. In addition, no deposit is required.</p><p><br></p><p><strong>Property Remortgage or Equity Release</strong></p><p><br></p><p>This product enables a person with a fully paid for residential property to apply for a loan leveraged against the value of that property. The loan can be used for investment purposes and other related business ventures.</p><p><br></p><p><strong>Dream House Savings Account</strong></p><p><br></p><p>This is a Mortgage lending related product suited for individuals who want to save towards the 25% deposit requirement for a Mortgage loan.Upon raising the required deposit through the Dream House Savings account, one can then apply for a Mortgage loan which is subject to the relevant terms and conditions.</p><p><br></p><p>It is a zero cost account with no withdrawal fees and monthly service fees. The account should have a minimum balance of US$50, and regular deposits should be made into it. The minimum investment period before any withdrawals can be made is 12 months. An Interest rate of up to 7% p.a is earned on an incremental balance basis and capitalised monthly. This means that you earn more interest on a higher balance.</p><p><br></p><p>Contact our <a href="mailto:mortgages@nmbz.co.zw">Mortgages Department</a> for more information.</p><p><br></p><p>Download the application form <a href="http://www.nmbz.co.zw/forms/">here</a>.</p> 23000027692 456 23000005109 2018-03-20T16:41:26+02:00 23000418723 3 2 1 10 I want to know more about NMB Mortgage products 2017-03-07T11:45:37+02:00 23000191250 1 2017-04-14T12:33:44+02:00 4 10 Please contact our experienced team of Relationship Managers on telephone numbers:  04 775150-2 or email CorporateBankingManagers@nmbz.co.zw  or SMEBankingDepartment@nmbz.co.zw Please contact our experienced team of Relationship Managers on telephone numbers:  04 775150-2 or email CorporateBankingManagers@nmbz.co.zw  or SMEBankingDepartment@nmbz.co.zw<p><br></p> 23000027692 156 23000006570 2017-04-14T12:33:44+02:00 23000418915 4 2 4 10 How can I access business finance? 2017-04-14T12:33:44+02:00 23000418915 1 2017-10-12T09:48:10+02:00 2 10 NMB Bank now offers salary advances to individual clients employed by companies in the NMB approved schemes and would have received their salaries through the bank for a minimum period of six months.. Terms and conditions  Qualifying age - 18 to 60 years Minimum Loan Amount - $80 Maximum Loan Amount- $10,000 Tenor - Up to three months Source of repayment - Salary Debt Burden Ratio - 50% of net salary after deduction of loan instalment. Arrangement fees - 0.5% of the loan amount with a minimum of $10. Insurance - 1% of loan amount with a minimum of $10. Interest rate - 18% p.a. NB: This facility is non-revolving <p>NMB Bank now offers salary advances to individual clients employed by companies in the NMB approved schemes and would have received their salaries through the bank for a minimum period of six months..</p><p><br></p><p><strong>Terms and conditions </strong></p><ul> <li>Qualifying age - 18 to 60 years</li> <li>Minimum Loan Amount - $80</li> <li>Maximum Loan Amount- $10,000</li> <li>Tenor - Up to three months</li> <li>Source of repayment - Salary</li> <li>Debt Burden Ratio - 50% of net salary after deduction of loan instalment.</li> <li>Arrangement fees - 0.5% of the loan amount with a minimum of $10.</li> <li>Insurance - 1% of loan amount with a minimum of $10.</li> <li>Interest rate - 18% p.a.</li> </ul><p><strong><br></strong></p><p><strong>NB: This facility is non-revolving</strong></p><p><br></p> 23000027692 156 23000011248 2017-10-12T10:13:04+02:00 23000418915 5 2 2 10 NMB Salary Advance 2017-10-12T09:48:10+02:00 23000418723 1 2018-01-02T10:02:54+02:00 0 0  Kindly view the attached brochure for more information. <p> Kindly view the attached brochure for more information.</p> 23000027692 24 23000012524 2018-02-05T15:32:21+02:00 23000418723 6 2 0 0 How can I access Agribusiness Finance? 2018-01-02T10:02:54+02:00 23000418723 1 2018-01-09T08:54:41+02:00 0 1 Kindly view the attached brochure for more information.  <p>Kindly view the attached brochure for more information. </p> 23000027692 74 23000012741 2018-02-05T15:32:59+02:00 23000418723 7 2 0 1 How can I access an NMB School Fees Loan? 2018-01-09T08:54:41+02:00 23000418723 1 2018-05-17T16:10:23+02:00 0 0 NMB Diaspora Mortgages This mortgage facility is meant for Zimbabweans living in the diaspora. Terms and Conditions  Interest rate of 12% p.a  Once-off establishment fees of 2% of the loan amount  Once-off valuation fees of 1% of the loan amount  Certified copies of the national ID, residence and work permit.  An affidavit signed by a notary public confirming identity, residence and work status.  Letter from the employer confirming salary, retirement age and contract of employment.  Pay slips for three consecutive months.  Six months bank statement from the Bank into which salary is paid.  Letter from the Bank confirming the authenticity of the statements.  Must operate an account with NMB Bank which shall be used for repayments.  Special power of attorney for the person signing the documents on your behalf  Unlimited guarantee by the appointed power of attorney.  Report from the main credit reference bureau in the country of residence. Contact our Mortgages Department for more information. Download the application form here. <p style="">NMB Diaspora Mortgages</p><p style=""><br></p><p>This mortgage facility is meant for Zimbabweans living in the diaspora.</p><p style=""><br></p><p style="">Terms and Conditions</p><p style=""><br></p><p> Interest rate of 12% p.a</p><p> Once-off establishment fees of 2% of the loan amount</p><p> Once-off valuation fees of 1% of the loan amount</p><p> Certified copies of the national ID, residence and work permit.</p><p> An affidavit signed by a notary public confirming identity, residence and work status.</p><p> Letter from the employer confirming salary, retirement age and contract of employment.</p><p style=""> Pay slips for three consecutive months.</p><p style=""> Six months bank statement from the Bank into which salary is paid.</p><p> Letter from the Bank confirming the authenticity of the statements.</p><p> Must operate an account with NMB Bank which shall be used for repayments.</p><p> Special power of attorney for the person signing the documents on your behalf</p><p> Unlimited guarantee by the appointed power of attorney.</p><p style=""> Report from the main credit reference bureau in the country of residence.</p><p style=""><br></p><div rel="clipboard_data"><p>Contact our <a href="mailto:mortgages@nmbz.co.zw">Mortgages Department</a> for more information.</p><p><br></p><p>Download the application form <a href="http://www.nmbz.co.zw/forms/">here</a>.</p></div> 23000027692 6 23000014675 2018-05-17T16:11:29+02:00 23000418723 8 <p style="">NMB Diaspora Mortgages</p><p style=""><br></p><p>This mortgage facility is meant for Zimbabweans living in the diaspora.</p><p style=""><br></p><p style="">Terms and Conditions</p><p style=""><br></p><p> Interest rate of 12% p.a</p><p> Once-off establishment fees of 2% of the loan amount</p><p> Once-off valuation fees of 1% of the loan amount</p><p> Certified copies of the national ID, residence and work permit.</p><p> An affidavit signed by a notary public confirming identity, residence and work status.</p><p> Letter from the employer confirming salary, retirement age and contract of employment.</p><p style=""> Pay slips for three consecutive months.</p><p style=""> Six months bank statement from the Bank into which salary is paid.</p><p> Letter from the Bank confirming the authenticity of the statements.</p><p> Must operate an account with NMB Bank which shall be used for repayments.</p><p> Special power of attorney for the person signing the documents on your behalf</p><p> Unlimited guarantee by the appointed power of attorney.</p><p style=""> Report from the main credit reference bureau in the country of residence.</p> 2 0 0 I want to know more about Diaspora Mortgage Requirements 2018-05-17T16:10:23+02:00 23000418723