The  Diaspora  London 3  Conference   Mortgage Financing for Diaspora By Hyasinta Fuka Mwimanzi  Head, Personal Banking   ...
 
 
<ul><li>Commercial Bank of Africa (Tanzania) Limited (CBA) was established as the first truly East African Bank in 1962 wi...
CBA, Historical background ..cont... During the economic policy changes of 1967, Commercial Bank of Africa like most other...
 
 
 
 
<ul><li>CBA Home Finance is  a loan product, where by funds are provided for the Purchase of residential houses. </li></ul...
<ul><li>Features </li></ul><ul><ul><li>CBA finances up to 90%. </li></ul></ul><ul><ul><li>Tenor 5 years up to 20 years. </...
<ul><li>How to Apply </li></ul><ul><li>CBA Application Form  </li></ul><ul><li>Employment contract </li></ul><ul><li>3-mon...
<ul><li>How to Apply …cont … </li></ul><ul><li>Introduction letter from employer   </li></ul><ul><li>Opening of a bank acc...
<ul><li>We are the pioneer of the product hence most experience than any other bank in the market. </li></ul><ul><li>Quick...
<ul><li>Immediate house/home ownership </li></ul><ul><li>No building hustle with contractors </li></ul><ul><li>Extra incom...
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CBA Tanzania Diaspora III Presentation

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Courtesy of CBA as presented at Diaspora III Conference In London May 2011 Edition.

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CBA Tanzania Diaspora III Presentation

  1. 2. The Diaspora London 3 Conference   Mortgage Financing for Diaspora By Hyasinta Fuka Mwimanzi Head, Personal Banking London, 6 th & 7 th May 2011
  2. 5. <ul><li>Commercial Bank of Africa (Tanzania) Limited (CBA) was established as the first truly East African Bank in 1962 with registration and the first branch in Dar Es Salaam Tanzania. </li></ul><ul><li>Branches were subsequently established in Nairobi and Mombasa, in Kenya and Kampala, in Uganda. </li></ul>
  3. 6. CBA, Historical background ..cont... During the economic policy changes of 1967, Commercial Bank of Africa like most other private sector companies then operating in Tanzania was subject to nationalization. The bank then had to re incorporate to Kenya where the head office has since been based.
  4. 11. <ul><li>CBA Home Finance is a loan product, where by funds are provided for the Purchase of residential houses. </li></ul><ul><li>The product was launched in 2007 as the first mortgage loan product in the Tanzanian market. </li></ul>
  5. 12. <ul><li>Features </li></ul><ul><ul><li>CBA finances up to 90%. </li></ul></ul><ul><ul><li>Tenor 5 years up to 20 years. </li></ul></ul><ul><ul><li>Minimum amount TZS 20m. </li></ul></ul><ul><ul><li>Maximum amount TZS 350m. </li></ul></ul><ul><ul><li>Competitive rates of interest. </li></ul></ul><ul><ul><li>Actual house is the security. </li></ul></ul><ul><ul><li>Early repayment is allowed. </li></ul></ul><ul><ul><li>Available in both local and foreign currency </li></ul></ul>
  6. 13. <ul><li>How to Apply </li></ul><ul><li>CBA Application Form </li></ul><ul><li>Employment contract </li></ul><ul><li>3-months salary slips (certified by </li></ul><ul><li>employer) </li></ul><ul><li>6-months personal bank </li></ul><ul><li>statements (Certified by the Bank) </li></ul><ul><li>Copy of Passport or ID (certified by </li></ul><ul><li>the employer) </li></ul>
  7. 14. <ul><li>How to Apply …cont … </li></ul><ul><li>Introduction letter from employer </li></ul><ul><li>Opening of a bank account at CBA </li></ul><ul><li>Valuation Report of the property to </li></ul><ul><li>be placed as security. </li></ul>
  8. 15. <ul><li>We are the pioneer of the product hence most experience than any other bank in the market. </li></ul><ul><li>Quick turn around time ( TAT). </li></ul><ul><li>Negotiable interest rates (competitive). </li></ul><ul><li>Highest tenor ( pay back period) than any other bank in the market. </li></ul><ul><li>Largest Diaspora Mortgage portfolio than any other bank. </li></ul>
  9. 16. <ul><li>Immediate house/home ownership </li></ul><ul><li>No building hustle with contractors </li></ul><ul><li>Extra income when leasing </li></ul><ul><li>Connection with home land </li></ul><ul><li>Investment tool from land appreciation </li></ul><ul><li>Can assist and facilitate shelter for family </li></ul><ul><li>Provides sense of security </li></ul>
  10. 17. Thank you!

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