Home » Economy » FNB Zambia launches Home Loans FNB Zambia launches Home Loans

Vehicle and asset finance their production in Zambia Zambia recent successful launch of the first National Bank (FNB) Inter Continental Hotel in Lusaka yesterday the official Mother Zambian market their home loans production.

The main features of this flexible product prices FNB Home Loans, and accessibility to appropriate terms corresponding to the local market. This launch is the most timely, taking into consideration the increasing demand for consumer homes, some affordable housing finance, lending rates and government support for the country to increase the minimum number of housing units of medium cost options available for priority in the recent news. FNB Zambia fifth retail financial institution to provide credit to the country becomes the property. Local Government, Housing, the Honourable Minister of early education and environmental protection, as the presence of Guest of Honour was Professor Nkandu Luo.

Speaking at the launch of FNB Zambia Sarel van Zyl Chief Executive Officer, said: "Home Loans product will give our customers access to housing finance for the purpose of purchasing, renovating, building and releasing the equity in their asset in a competitive and flexible pricing structure," he further added : "the. home loans product launch will be released only in Zambia for our retail banking" products across the entire area is an example of our commitment to innovation.

FNB mortgage loans, vehicle and asset finance, personal and business loans, including the Zambian nation and residents to provide a wide range of retail credit products.

During the last decade, significant investment in key infrastructure areas of Zambia and solid economic growth and budding in the property market. Unfortunately, the lack of housing units is less effective due to low levels of formal employment, low incomes and high credit costs brought about by factors such as affordability is a big demand.

Credit to finance new housing options and financial options for many customers yearn for a home purchase is not starved to death. Research Center suggests that the domestic market of short-term loans and high interest rates significantly increased repayments, there are many Zambians in the dreams of his own home makes it impossible. Feet line of sight with FNB Mother Zambia "create a better world" and with the above mentioned in mind, FNB Home Loans product developed by the Zambian their dependents.

Zambia was the first bank to FNB product will allow home buyers to obtain a bond Multimedia is proud to be released. A bond is a certificate of approval or money Multimedia amount that a bank or major in which the customer has been properly approved by, before they start looking for a home show.

Honorable Nkandu Luo commented: "For the majority of residential housing finance sector is the most expensive and unaffordable Zambians in major cities around the enhancement of self-build project is the purchase of land and build homes with a period of 3 - 7 years. It is time that FNB credit in the local property market in Zambia, as well as easy on the latest pricing and the terms offers an alternative option. "

Regular Income Earners, or non-FNB clients who are either in the Mother's FNB FNB Home Loans finance a range of innovative features, the home owner insurance policies and credit life or death, permanent disability and critical illness cover provides access to be eligible, a quick response time and affordable interest rates to a maximum payment period of 20 years.

"FNB hope this venture is a great boost to the housing sector, Zambians empowerment and contributes greatly to the country's economic growth. Van Zyl at the FNB Mother Zambia continues to contribute to local development and growth are all part of the strategy," he concludes.

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article source :- http://www.lusakatimes.com/2011/11/25/fnb-zambia-launches-home-loans/