Group Mortgage

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.

KEY FEATURES

  • Single digit interest rate
  • 25 to 30 years mortgage

KEY BENEFITS

  • 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