With the NBC Equity Release you can borrow up to 85% of the value of your property. This means that you, as a homeowner, can access much needed cash to carry out home improvements, pay off expensive debt or anything else you plan to achieve.
How to apply for an NBC Equity Release?
Applying for NBC Equity Release
Simply complete our online form and we will contact you, or visit your nearest NBC branch.
What to bring when you apply
- Your Identification card:- Voters’ ID, passport, National ID or Driver’s License
- Employment contracts and current salary slips
- A commitment letter from your employer to channel your salary to NBC
- Copy of marriage certificate for joint application
- Copy of title deed
- Evidence of minimum down payment
- Copy of your employee ID
- Property visit report
- Valuation report
Please note: Life and property insurance is mandatory for getting NBC Equity Release. We are willing to assist you with any type of insurance cover you need through NBC Insurance unit.
NBC Equity Release gives you:
- The option t 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)
- A title deed in your name
- Access to the capital tied up in your property
- Released equity that can be used for renovating or completing your home or any other personal financial need
Important information
- NBC Equity Release is offered to Tanzanian citizens only
- NBC Equity Release is offered to monthly salary earners
- Gives you up to TZS500 million loan amount
Need more information or assistance?
Call us:
+255 76 898 4000/4011 | +255 22 219 3000 | +255 22 551 1000 | 0800711177 (Toll-Free)
Email us:
