Loans, mortgages and ODs results
You will get the loan after completing and accepting all the required documents, followed by the final approval then cash disbursement into your account. You can apply through the following channels:
- Apply online here
- Fill in an application at any of our CIB branches
- Contact the Call Center through which your request will be directed to one of our representatives to contact you on your preferred mobile within the next 24 hours
The calculation of the loan depends on the following factors:
- Principle Loan Amount: the value of the loan that a customer borrows.
- Personal Loan Interest Rate: the interest rate that the bank will charge for the loan.
- Tenure of Loan: the period for which you borrow the loan.
Please refer to the loan calculator to calculate your installment.
In order to apply for the low-income CBE Mortgage initiative, please follow the steps below:
- Interested citizens may buy the "Terms and Conditions" copybook and apply from any post office.
- The Mortgage Finance Fund (MFF) reviews submitted documents and directs the accepted applicants via SMS to any of the bank's members in the initiative.
Accepted customers will be contacted and informed with the details and documents required by the Bank’s Relationship Managers.
A loan administration fee is a fee charged to customers for processing an application. Loan application fees can be charged for all type of loans and are intended to pay for the costs of the process of loan approval.
The administration fees % will be deducted from the loan amount at the time of loan disbursement.
• Partial payoff is available after 6 months of loan disbursement and up to 30% from the principal outstanding loan amount.
• Early full settlement is available after 6 months of loan disbursement.
In case the unit is located in New Urban Communities:
- A copy of the building permit
- A copy of the land receipt record
- A copy of the land allocating record
- The primary contract for the land
- A proof of full payment of the land price.
In case the unit is located in old market:
- A copy of the building permit & a copy of the land’s contract which is registered at the Real Estate registration office.
- Or a copy of the unit’s contract, registered at the Real Estate registration office.
Additional documents might be required. For more information, click here.