The facility called "Diaspora Home Loans" is part of a wider mortgage finance plan by the leading financial services institution whose goal is to ensure that Zimbabweans at home and abroad enjoy the basic human right of having a roof over their heads.
Stanbic Bank Zimbabwe Head of Client Solutions, Tich Zuze said the leading financial services institution is committed to contributing towards ensuring that Zimbabweans in the diaspora build or purchase a house back home through its Diaspora Home Loans facility.
"We have established a well thought out Diaspora Home Loans facility through which Zimbabweans living abroad can acquire completed houses, construct new properties, undertake property improvements and equity release," said Zuze.
He said the Diaspora Home Loans package has flexible terms and conditions and is backed up by
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For one to be eligible for the Diaspora Home Loans facility they need to provide the usual Know Your Clients (KYC) documents together with proof that one has a secure job in the diaspora such as stamped letter of introduction from employer- confirming salary, retirement age, and contract of employment which should be long enough to cover loan term and certified 6 months bank statements through which salary is paid.
The applicant of the diaspora home loan would also need to provide a local address to which
Other documents include completed Home Loan application form and having minimum 24 months duration of employment with same employer while proof of extra income is an advantage. The comprehensive list of the requirements are accessible via the bank's website and one can visit any
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