Mortgage Finance and Home Improvement Loan

Service/Product target (who is the user in mind)

Salaried employees & high net worth customers who want to buy property or improve existing property. (within city /town boundaries)

Product Attributes/ Features: How does the product work

  • Max – Dependent on financial capacity of the customer and up to 85% of market value of the property offered as security
  • Repayment amount not to exceed 35% of salary/income
  • Customer to contribute 15% of the purchase price
  • Maximum repayment period of 240 months

Benefits to the Customer/user

  • Beats inflation
  • Pricing is low with minimum interest rate at RBM reference rate +6.1% pa
  • Can be repaid before expiry at no costs

Costs to access the product

  • Minimum interest rate at RBM reference rate +6.1% pa
  • Processing fees apply
  • Professional, Stamping and registrations fees

How to access product

  • Available to NBM account holders in confirmed employment or business
  • Business applications to be considered based financial strength
  • Fill a credit application form
  • Submit latest payslip
  • Submit letter of undertaking from employer
  • Copy of title document
  • Sale agreement or offer letter
  • Copy of valuation report
  • Sketch map
  • Bills of quantities required on home improvement

Terms and conditions

  • Customer to provide evidence of payment of city and ground rates
  • House to be insured with Bank interest noted
  • Bank to register a caution and charge before advancing funds
  • Customer to provide for repayment



To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.