Group mortgage is a mortgage product available to groups, societies or unions to acquire quality and affordable homes with ease of payment under the Group Home Ownership Scheme.
- Single digit interest rate
- 25 to 30 years mortgage
- Access to affordable housing.
- Zero Equity Contribution on mortgage.
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