Proof of acceptable income (Proof of Savings or Payslip)
Copy of Title Deed of the property
Agreement of Sale signed by all parties
Proof of Deposit (25% of Selling Price)
Proof of Survey where Title Deeds are not yet available
Original Identity Document such as National ID, Passport, or Driver’s License and a clear photocopy of the same
Copy of Approved Building Plans, Quotation for materials from reputable suppliers, and labour (for building loans).
Quotations for the proposed improvements (for home improvement loans).
Benefits
Low-interest rate
Long repayment periods.
Short turnaround time for processing loan applications
EQUITY REFINANCE Requirements
Applicant(s) must be a POSB Account Holder (for at least 3 months).
Original Identity Document such as National ID, Passport, or Driver’s License and a clear photocopy of the same.
Letter from employer confirming salary, retirement age, and contract of employment which should be long enough to cover loan tenure.
Copy of the Title Deeds of the property to be financed.
Customer’s written Statement of Purpose.
Proof of Acceptable Income to service the Loan e.g. Payslip (in the case of a formally employed individual).
Bank Statements for the past 3 months on which salary is received.
Benefits
Low-interest rate
Long repayment periods.
Short turnaround time for processing loan applications
SMARTSAVE
EASYSAVE
JUNIORSAVE
TRUST ACCOUNT
HER SMARTSAVE
HER EASYSAVE
SMARTSAVE Requirements
Initial deposit.
Original ID: National ID, Driver’s License or valid passport
Copy of your ID
Current proof of residence: Latest Utility Bills; Letter from Employer, Headmaster, Chief, or District.
Club Constitution/ Resolution/ Minutes (for Club Savings accounts).
Benefits
Tax-free interest at competitive rates.
No monthly service fees.
No withdrawal fees.
Nominal minimum balance required.
EASYSAVE Requirements
Initial deposit
Original ID: National ID, Driver’s License or valid passport
Copy of your ID
Current proof of residence: Latest Utility Bills; Letter from Employer, Headmaster, Chief or District.
Club Constitution/ Resolution/ Minutes (for Club Savings accounts).
Benefits
Tax-free interest at competitive rates.
No monthly service fees.
No withdrawal fees.
The investment can be used as security for a loan of up to 80% of the investment amount
JUNIORSAVE Requirements
Initial deposit
Child’s original and clear copy of ID (National ID, Driver’s License or valid passport).
Parent/ guardian’s original and clear copy of ID (National ID, Driver’s License or valid passport).
Parent/ guardian’s current proof of residence (Latest Utility Bills, Letter from Employer, Headmaster, Chiefs or District District).
Benefits
Tax-free interest at competitive rates.
No monthly service fees.
No withdrawal fees.
Account holders can be issued with a ZimSwitch-enabled debit card for ease of transacting.
Encourages saving culture as clients will only be able to make their first withdrawal after 3 months and are allowed a maximum of 4 withdrawals per year.
TRUST ACCOUNT Requirements
Original ID (National ID, Driver’s License or valid passport)
Copy of ID
Proof of Residence
Trustees’ copies of IDs
Copy of Trust deed
List of signatories to the account
Benefits
Earn tax free interest
Make investments for future generations
Provide for those who may not be able to manage their own affairs
HER SMARTSAVE Requirements
Initial deposit.
Original ID: National ID, Driver’s License or valid passport
Copy of your ID
Current proof of residence: Latest Utility Bills; Letter from Employer, Headmaster, Chief, or District.
Club Constitution/ Resolution/ Minutes (for Club Savings accounts).
Benefits
Tax-free interest at competitive rates.
No monthly service fees.
No withdrawal fees.
Nominal minimum balance required.
HER EASYSAVE Requirements
Initial deposit
Original ID: National ID, Driver’s License or valid passport
Copy of your ID
Current proof of residence: Latest Utility Bills; Letter from Employer, Headmaster, Chief or District.
Club Constitution/ Resolution/ Minutes (for Club Savings accounts).
Benefits
Tax-free interest at competitive rates.
No monthly service fees.
No withdrawal fees.
The investment can be used as security for a loan of up to 80% of the investment amount
