Banking
Zambia National Building Society is committed to providing its clients with the security, convenience and value for money they expect from a local Financial Institution which has been in existence for more than 30 years. In a world filled with uncertainties, our aim is to grow with you and plot a steady path together that best allows you to realize your goals whatever they may be. As such, we offer you a range of Banking Products and Services that will enhance your Banking experience.
Mortgage loans
Buying or building a house is probably the biggest investment that you
will ever make in your life.At ZNBS we realise this and have come up
with solutions to help you achieve your dream.The following are the
different types of mortgage products:
Outright Purchase
A loan for purchase of an existing property or properties.
Construction Loan
A loan for construction purposes where one possesses a plot or has an incomplete structure and is looking to finish it.
Home Improvement Loan
A loan for refurbishments, renovations and extensions to an existing property.
Mortgage Requirments
What Do You Need To Get A Mortgage
- Introduction Letter From Current Employer which should clearly indicate whether you are employed on permanent or contract basis
- Certified Photocopy Of either National Registration Card or valid Passport
- One (1) Passport Size Photo
- Copy of a Title Deed , Land Record Card or Occupancy License
- Original Latest Payslip stamped and signed by Payroll Accountant
- Latest Bank Statements for the Past (6)Six months (Original or certified copies)
- Proof of residence i.e. Utility bill
- Approved building plans to be submitted if constructing.
- Schedule of works to be submitted for all borrowing except outright purchase
- Proof of payment of rates and ground rent from the council and Ministry of Lands respectively (attach copy of latest receipt)
- Copy of Contract to be attached if employed on contract.
- Stage inspection fee of K500.00 within Lusaka CBD and Ndola, and K700.00 elsewhere to be paid for each site visit.
- Valid Lease where rental income is declared
For Outright purchase
Copy of NRC of Vendor,
Offer Letter
- Contract of sale/Letter of sale
The following documents through the vendor's Lawyers will be required after approval of the loan:
Clients to open one of the two accounts below when the application reaches offer stage
Type of Account Minimum balance Maintenance fees
Requirements For Account Opening
Introduction Letter From Current Employer
Photocopy Of National Registration Card ( Certified)
Two (2) Passport Size Photos
Utility bill
- Hand written application letter
Note : Mortgage application form and CRB fees are not refundable. for details contact your nearest branch.
Mortgage
ZNBS was established to help increase the housing stock in the country through mortgage financing. Therefore, all mortgage loans provided by the institution are for purposes of building, buying or making upgrades to a residential house. We do not offer mortgage for purposes of business operations.
Frequently Asked Questions
Any Zambian with verifiable income qualifies to apply for a mortgage at Zambia National Building Society.
ZNBS was established to help increase the housing stock in the country through mortgage financing. Therefore, all mortgage loans provided by the institution are for purposes of building, buying or making upgrades to a residential house. We do not offer mortgage for purposes of business operations.
Yes you need to have title to obtain a mortgage from ZNBS. The plot on which you plan to build or the house you want to buy should have a title deed. This is because any mortgage disbursed, by virtue of its meaning, must have property pledged as collateral. Unless you decide to pledge another property as collateral, the house you are buying or building will be taken in as security or collateral. Hence it should be on title legally obtained. Other security documents that we accept include a Land Record Card and an Occupancy License.
The mortgage ceiling (maximum amount) is K1,500,000. However, the amount you can borrow is determined by 50% calculated off your net income. If, for instance, your net income is K10,000, 50% of this amount is K5,000 and this is the amount to be used to calculate how much you can borrow.
No, it is for any one who meets all requirements
Yes . You can apply for a mortgage at any of the 22 ZNBS branches across the country.
We can finance up to K1,500,000 maximum. However, that is determined by your net income. If its outright purchase it is 100%, for construction we give stage payments
Yes you do. You can either open a mortgage fixed account or a mortgage shares account. But there are other savings accounts that you can consider. Visit your nearest ZNBS branch and you will be given all the informational about the various accounts you can choose from.
There are two options to making your repayments. Either through post dated cheques or through standing instructions with your bank.
ZNBS only facilitates House Owners Insurance policy which insures the mortgaged property. This policy does NOT cover the loan in the event of death or permanent disability to the borrower. However, customers are encouraged to take up Credit Life which covers the loan with an insurance company of their choice.
Minimum amount K50,000 and Maximum amount K1,500,000
Outright purchase, construction, renovation.
we only finance the purchase of houses.
Yes if you have a contract. If, for instance, you have a 5 year contract and you have served 1 year, the mortgage will run for the remaining period of the that contract
Yes. You can get a building materials loan or a friendly loan as they do not require collateral. But you cannot get a Mortgage without Collateral.
ZNBS Mobile banking
ZNBS offers you the ease and convenience of conducting transactions in an environment you feel most comfortable with. You can get alerts and notifications and check balances. Discover quick, simple and convenient way to take command of your bank account, on your mobile phone the following advantages:
- Convenient way to access your account
- Safe and Secure Banking
- No need of queuing up at ATMs to check balances.
- Banking services without Internet on the USSD platform
Our mobile banking services work with almost all types of handsets and help you access your Bank account anytime, anywhere. A quick and easy registration is all you need to avail ZNBS Mobile Banking services. Get started with Mobile Banking by dialing *6868# and subscribe NOW!Ts and Cs Apply
Internet banking
Internet banking
Agency banking
Bringing Banking services to your door step and neighbor. ZNBS Smart Cash promotes financial inclusion within the communities and places outside the line of rail. ZNBS Smart Cash is a cash deposit and withdrawal banking service offered at any ZNBS Agent outlets to only ZNBS account holders.
Benefits
- The benefits of ZNBS Cash Express for customers are:
- Reduced travel costs and time to get access to your bank account
- Convenience - less travel and waiting time as the ZNBS Smart Cash agents are close to you
- Transaction speeds – all transactions are carried out in real-time
- Extended service hours - some agent outlets operate for longer hours and over the weekend
Digital Banking
Digital Banking or E-Banking is a product designed for the purposes of Online Banking that enables you, ZNBS customer to have easy and safe access to your bank account.
E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week.
With this service you save your time by carrying out banking transactions at any place and at any time, from your home or office, all you need is internet access. E-banking enables the following:
• Accurate statement of all means available in your bank account
• Statement of current account, credits, overdrafts and your deposits
• Execution of national and international transfers in various currencies
• Execution of all types of utility bill payments (electricity, water bills, pay TV, Money Transfer, Airtime purchase, etc..)
• Carrying out customs payments
• Electronic confirmation for all transactions executed by E-banking
• Management of your credit cards
How to apply?
All you need to do is visit one of our branches, and everything will be taken care of within a few minutes.
Our Branch Network
Banking Loans
- Get Upto ZMW 250,000.00
- Maximum tenure: 60 Months
- Apply
- Get Upto ZMW 50,000.00
- Maximum tenure: 60 Months
- Apply
- No limit
- Maximum tenure: 6 Months
- Apply
- Get up to K 400,000.00
- Maximum tenure: 60 Months
- Apply
Company Profile
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