The NBS Bank Mortgage facility provides you a once in a lifetime opportunity to own your own home. Institutions can also acquire property through this facility.

  • Offer letter/ sale agreement.
  • Identification document (Passport or drivers license)
  • Income documentation (3 most recent payslips or letter of salary)
  • Confirmation from employer or 6 months recent bank statements for the self employed.
  • Copy of certificate of lease or land certificate.
  • Bills of quantities and approved plans (if constructing).
  • A valuation report from a registered and Bank approved valuer/quantity surveyor.
  • An NBS Bank active account aged 6 months and above.
  • Memorandum/Articles of Association
  • Board resolution to borrow from the Bank.
  • Audited accounts for preceding financial periods plus latest management accounts.
Facility amount
  • Up to 80% collateral value
Interest rate
  • Base lending rate (owner occupied)
  • Base +2.5% (for renting purposes).
  • Base + 5% (Commercial buildings)
  • Base + 7% (Personal Loan against mortgage)
  • 180 months maximum for occupational mortgage
  • 120 months maximum for rental mortgage
  • 60 months for commercial mortgage and personal loans against mortgages.
  • Interest calculated on reducing capital balance basis.
  • Monthly, Quarterly, bi-annual repayments are permissible.
  • Bullet payments allowed.
  • Property gets insured against loss due to fire and other natural causes.
  • Borrower’s life is insured to protect the mortgage (funds used to liquidate or reduce loan amount upon death of borrower).
  • NBS Bank mortgage can also be used to build a new house or make home improvements