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