Individual Mortgage
Do you know the rent you pay now can serve as your mortgage payment to own your home? At CMBank we provide a mortgage facility to ease the financial stress involved in home acquisition.
This product is designed for individuals who desires to own a home with a long term repayment plan.
KEY FEATURES
- Payment of equity contribution starts from10%
- Repayment period between 5 – 10 years
- Banking relationship of minimum of 6months
KEY BENEFITS
- Fixed rate throughout first 5 years
- Convenient repayment plan based on applicant’s income
- Seasoned mortgage advisers
- The higher your equity contribution the lower your interest rate
CMBank ACCOUNT OPENING REQUIREMENTS
- Duly filled account opening form
- 2 recent colored passport photographs
- Utility bill not less than three months
- Valid means of identification ( Driver’s license, International passport, National ID card, Voters card)
OTHER BENEFITS APPLICABLE TO ALL ACCOUNT TYPES
- 24/7 Banking services via our various E-channels
- Monthly statement via email
- Dividend warrant lodgments are acceptable
- Bank transfer from other banks is permissible
- Know Your Customers (KYC) rules apply
- Cheque lodgment is permissible