With the NBC Equity Release you can borrow up to 85% of the value of your property. So this means that you, as a homeowner, can access much needed cash to carry out home improvements, pay off expensive debt or more.
How to apply for an NBC Equity Release?
- Top up your existing mortgage or refinance your property
- Borrow up to 85% of the Loan-to-Value (LTV) of your property (excluding mortgage amount)
- The title deed will remain in your name
- Get access to the capital tied up in your property
- Released equity can be used for renovating or completing your home
- You need to be a Tanzanian citizen
- You need to earn a salary
- Loans available from TZS20 million to TZS500 million