Stanbic offers home loans to Zimbos in the diaspora


Stanbic Bank is committed to playing its role in helping Zimbabweans in the diaspora build and own homes in their country through its mortgage finance facility tailored to people living abroad. The establishment called “Diaspora mortgage loansIs part of a larger mortgage financing scheme by the financial services institution aimed at ensuring that Zimbabweans at home and abroad enjoy the basic human right to have a roof over their heads. their head.

Stanbic Bank Zimbabwe’s head of client solutions, Tich Zuze, said the bank is committed to helping ensure that Zimbabweans in the diaspora build or buy a home in their country through its diaspora home loan facility. .

“We have put in place a well thought-out mechanism for diaspora home loans through which Zimbabweans living abroad can acquire completed homes, build new properties, undertake property improvements and free up equity,”

Tich Zuze, Stanbic Bank Zimbabwe Head of Client Solutions

He said the diaspora home loan package has flexible terms and conditions and is backed by Stanbic’s home loans office who are available to deal with them in need.

Stanbic understands that a home is one of the most important investments one can make and the ease of diaspora home loans plays a central role in ensuring that Zimbabweans in the diaspora have a sense of belonging. and accomplishment knowing that they have a home back. home, “

Tich Zuze, Head of Client Solutions at Stanbic Bank Zimbabwe

To be eligible for the Diaspora Home Loan facility, they must provide the usual Know Your Customers (KYC) documents as well as proof that one has a secure job in the Diaspora, such as a stamped letter of introduction. the employer confirming the salary, retirement age and the employment contract which must be long enough to cover the duration of the loan and certified bank statements of 6 months through which the salary is paid.

The diaspora home loan applicant will also need to provide a local address where Stanbic Bank will serve documents and / or notices and process meaning if needed. Other documents include a completed home loan application form and at least 24 months of employment with the same employer, while proof of additional income is a benefit. The full list of requirements can be accessed via the bank website and one can visit any Stanbic branch for further assistance.

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