Get up to 105% finance for up to P3 million and Up to 90% finance for loan amounts of up to P10 million
- Release equity based on the value of your property
- Switch your existing bond to Absa at competitive terms
- Maximum repayment period of 25 years (linked to retirement age)
- Value added services available at various merchant partners
- We offer tailor made insurance solutions for you and your property: Credit life insurance, Home owners insurance cover, Household contents cover, Retrenchment cover
Requirements
- Available to credit-worthy salaried customers who are employed permanently or on a contract basis
- Existing and new salary account holders can apply
- No collateral or security needed to apply for the loan
- To pay your loan, a monthly stop order is required to deduct the loan instalment from your salary account
Get a multi-residential property loan
This is a classification of housing where multiple separate housing unit for residential inhabitants are contained within one building or several buildings within one complex. Units can be next to each other (side by side units), stacked on top of each other (top and Bottom units) or scattered around the compound. The bank will assess the applicant based on salary and existing rental income only. The financing options that will be available under the product are Enquiry release, Purchase, Completion Construction, Outright Construction and Refinance.
- Maximum loan amount P5,000,000.00
- Maximum loan tenor 240 months/20 years
Requirements
- Minimum of 3 units will qualify for assessment
- Rentals to be collected in Absa current/savings account
- Multi-residential land use to be clearly indicated on the title deed
- 1 valuation reports will be considered
- Loan to value (LTV) ratio: 85% for Purchase, 70% Construction and 60% Equity Release/Refinance
- Limited to following locations:
- Southern Region: Lobatse, Kanye, Jwaneng
- Gaborone and Surrounding
- North and Central: Mahalapye, Palapye, Serowe, Selebi Phikwe, Tonota, Tati Siding, Francistown. Borolong, Maun, Letlhakane
- (Orapa ), Kasane, Kazungula
Need more help?
Call us on:
+2673159575 (Contact centre)
0800 600 444 (BTC Toll Free)
150 (Mascom Toll Free)
Email us:
Botswana.CustomerService@absa.africa
