The Plot Purchase Loan is a loan facility that allows you to borrow funds towards the purchase of undeveloped land.
What you require to sign up
Letter from employer confirming employment
Terms and emoluments
Original or certified copies of pay-slips for the last 3 months
Recent CRB credit report
Proof of payment by the customer e.g. transaction copy or receipt
Valuation report of the property by Equity Bank valuers
For commercial properties, occupancy permit from Local Authority is required.
Why you should sign up for this product
Property financing can be for both residential and commercial purposes.
Financing of up to 60% FSV(forced sale value) in case of open land and 75% for developed property
We use title deed as security. The title deed can be of the property being purchased or of a different property
Loan is available in both USD & TZS currency
Tenor – up to 60 months
Access a panel of experts who we recommend to you on request.
An end-to-end solution with emphasis on investment support.
Value added services such as competitive insurance covers, negotiated legal fees and valuation services, and competitive commitment fees and entry fees.
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