Building your house is essentially projecting your life. And that makes all the difference. With the Home Construction Loan of Nedbank Mozambique we help you give shape to your project to build the house that you have always dreamed about. Nedbank Mozambique finances the construction of a house up to 80% of the amount budgeted for the construction. Talk to us and make your project come true.
Benefits
- Term up to 30 years and with an age-limit of 60 years
- Possibility of financing up to 80% of the value of the construction
- Up to 24-month grace period on principal
- Flexibility in the setting up of the credit operation
- The same spread throughout the loan term
Currency
- Metical (MZN)
- Dollar (USD)
Term
- Minimum: 60 months (5 years)
- Maximum: 360 months (30 years)
Maximum value
- 80% of the amount budgeted for the construction
Use of the value
The first tranche of capital to start the works may extend up to a maximum of 30% of the financing value.
Instalments
The maximum period to complete the works and for partial uses (tranches) is of 24 months, after which the repayment of the loan begins. During the tranche usage period, the Client only pays interest on the outstanding amount.
