FNB Home Loans

Launch 2015

Supply & Demand of houses

Keep it simple
Tanzania is currently experiencing a boom in the commercial and residential
property with a GDP growth estimated at 7%.
FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

What we need.........
By Dec 2013 total in country mortgage debt stood at TZS. 156 billion
and the average mortgage debt size being TZS. 62 million ($38,000).
The mortgage market continued to grow steadily with an annual growth
rate of 46%

FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

Current situation:
Currently there are about 3,000 mortgage loans which have been issued by various banks
Currently there are about 3,000 mortgage loans which have been issued by various banks
The majority of these fall in the affordable housing sector

With wider availability of properties, we will see the mortgage market evolve in a very short
period of time.
The major constraint many people face is the unavailability of surveyed land
Another constraint we hope to curb is the unavailability of finance solutions for most
Tanzanians when nit comes to home ownership.

FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

 Types of Home Loans:

1. Traditional home loan
2. Home equity loan
3. Home Completion loan
4. Home loan switch
FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

Traditional home loan

This allows the applicant to purchase off plan or finished property
of their choice and repay it back slowly over a period of 20 years

Applicant of loan becomes immediate owner of house and can use the
property immediately

Security for the loan will be the house itself

Applicant can use acquired property to earn additional income by

renting the property.

FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

Home Equity Loan:

An existing home owner can put their house at FNB as collateral
against a loan

Funds received can either go back to the property through renovation,

revamping or can be used pay off other loans

Funds received can go into other investments, paid back over 20

years.

Applicant is not required to put down a deposit for equity loan

FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

Home Completion loan:

Applicant can obtain funds to use in the completion of a residential
house that is still under construction

Applicant of loan with the contractor then have 12 months to complete

the house

Security for the loan will be the house being completed

Property in this loan can be partly finished and FNB will get it to
100% complete.
FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

Home Loan Switch

Applicant is able to switch their mortgage to FNB where they can
enjoy better rates, terms and service

Applicant of loan needs to show ability to repay and must be the

rightful owner of a finished residential property

Security for the loan will be the house being transferred to FNB

Applicant can get an amount higher than that outstanding at the other
bank.

FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel

20 years repayment period

LTV of up to 90%
Competitive
rate
Approval within 3 days

Happy house hunting

Use high quality

graphics
- No clipart

FNB Home Loans Launch 2 March 2015

Dar es salaam Serena Hotel