Mortgages

Employment Status:

Permanent / Self-employed

Employment Tenure:

1-2 years (Permanent) / 3 years (Self-employed)

Employer’s Profile:

Well-known privately owned companies. Companies banking with RBTT in good financial standing State-owned companies, subsidiaries, quasi-government

Term:

Maximum - 25yrs (to be repaid by retirement age – 65yrs)

Collateral:

Registered First Mortgage of a continuing nature over the property to be financed, with life insurance cover on the life of the mortgagors to cover mortgage principal. Assignment of Home Owner's insurance cover over the property

Repayment Structure:

Amortized installments of principal and interest over the term of debt

Requirements:

• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Agreement for Sale; Deed for property, Current Valuation Report; Up to date land & building tax receipts.
• Credit Checks: Mandatory

Employment Status:

Permanent / Self-employed

Employment Tenure:

1-2 years (Permanent) / 3 years (Self-employed)

Employer’s Profile:

Well-known privately owned companies. Companies banking with RBTT in good financial standing State-owned companies, subsidiaries, quasi-government

Term:

15 years(To be repaid by retirement age - 65yrs)

Collateral:

Registered First Mortgage of a continuing nature over the property to be financed

Repayment Structure:

Repayment structure: Amortized installments of principal and interest over the term of debt

Requirements:

• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Agreement for Sale; Deed for property, Current Valuation Report; Up to date land tax receipts
• Credit Checks: Mandatory

Employment Status:

Permanent / Self-employed

Employment Tenure:

1-2 years (Permanent) / 3 years (Self-employed)

Employer’s Profile:

Well-known privately owned companies. Companies banking with RBTT in good financial standing State-owned companies, subsidiaries, quasi-government

Term:

Short Term - Under 2year

Collateral:

Registered First Mortgage of a continuing nature over the property to be financed, with life insurance cover on the life of the mortgagors to cover mortgage principal; Contractors' All Risk Insurance cover

Repayment Structure:

Interest only with Principal liquidation from disbursement of long term mortgage

Requirements:

• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Deed for Property, Approved building plans, Builder's/ Contractor's estimate, Current Valuation Report; Valuator's/ Quantity Surveyors Progress report during the term of construction
• Credit Checks: Mandatory

Employment Status:

Permanent / Self-employed

Employment Tenure:

1-2 years (Permanent) / 3 years (Self-employed)

Employer’s Profile:

Well-known privately owned companies, Companies banking with RBTT in good financial standing, State-owned companies, subsidiaries, quasi-government

Term:

To be repaid by retirement age - 65yrs

Collateral:

Registered First Mortgage of a continuing nature over the property to be financed, with life insurance cover on the life of the mortgagors to cover mortgage principal; Assignment of all risk comprehensive insurance cover over the property

Repayment Structure:

Amortized installments of principal and interest over the term of debt

Requirements:

• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Deed for Property, Approved building plans, Builder's/ Contractor's estimate, Current Valuation Report; Valuator's/ Quantity Surveyors Progress report during the term of construction
• Credit Checks: Mandatory

Employment Status:

Permanent / Self-employed

Employment Tenure:

1-2 years (Permanent) / 3 years (Self-employed)

Employer’s Profile:

Well-known privately owned companies, Companies banking with RBTT in good financial standing, State-owned companies, subsidiaries, quasi-government

Term:

To be repaid by retirement age - 65yrs

Collateral:

Registered First Mortgage of a continuing nature over the property to be financed, with life insurance cover on the life of the mortgagors to cover mortgage principal; Assignment of all risk comprehensive insurance cover over the property

Repayment Structure:

Amortized installments of principal and interest over the term of debt

Requirements:

• Two valid pieces of Identification, Current job letter and two recent pay slips/ Audited (Management) Financial statements for last 3 years; Deed for Property, Approved building plans, Builder's/ Contractor's estimate, Current Valuation Report; Valuator's/ Quantity Surveyors Progress report during the term of construction
• Credit Checks: Mandatory