What makes a house our home is the fact that it reflects our image, our taste and ensures our comfort. And that makes all the difference. To remodel, transform, extend, fix or improve your house, you can rely on the Refurbishment Loan of Nedbank Mozambique. Talk to us and give your home a touch of personality.
Renovation/Refurbishment works are carried out in own homes that need remodelling or rented houses, up to 95% of the value of the works. The value of the works may not exceed 95% of the appraisal value of the property.
Benefits
- Term up to 30 years
- Possibility of financing up to 95% of the value of the works
- Up to 12-month grace period on principal
- 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
- 95% of the value of the works
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 12 months, after which the repayment of the loan begins. During the tranche usage period, the Client only pays interest on the outstanding amount.
Following the grace period, each instalment shall be composed of a constant amount of capital and interest debited from the current account, with the first instalment falling due 30 days after the funds have been made available or on a date agreed with the Client.
