CBZ Unleashes $22m Marondera & Bulawayo Housing Projects
CBZ has announced that it has begun plans to roll out a $22 million housing project which will see $7million being allocated to Bulawayo while $15million will be channeled towards the Marondera project. The local bank is building from its previous successful projects which include the $20million Nehosho Housing Scheme in Gweru and the $12million Victoria Falls housing scheme which saw 1, 174 beneficiaries getting stands.
Purchasing terms is either on cash basis or on mortgage where a loan is given for a maximum period of 25 years after having paid deposit of 25% and15% VAT. One can build up the deposit and VAT over a period of time as is with the Bank’s CashPlus Housing savings product.