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About Us

Our Drive & Passion

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About Us

ZHL is a specialised Mortgage finance business. The first of its kind in Zambia. Company is owned by African Life Financial Services, Sofala Capital PTY (SA) and Saturnia Regna Trust.

ZHL Started operations in August 2014 after receiving an operating license from Bank of Zambia. It is the first specialised mortgage finance company Zambia and its core focus is on low to medium income groups, helping them build or complete building their houses.

THE PROBLEM

Due to funding shortages, Zambia utilities are failing to provide bulk energy, water, waste and sewage services to many home owners. In the absence of state support, the provision of water, sewage, waste and power services is largely left up to individual housing developers. In the absence of reliable mortgage offtake, developers are forced to target highly cost- sensitive, cash buyers and are therefore unable to invest in more expensive but sustainable housing infrastructure solutions for their projects. This results in the continuation of unsustainable urban development.

Vision

To be recognized as a household name and mortgage finance market leader, providing innovative, reliable and efficient solutions to Zambia’s’ housing deficit.

Mission

Helping Zambia bridge the housing gap.

What we stand for at ZHL

Our Values

Respect

We respect and value all our stakeholders and the contribution that they make.

Excellency

We use our energy, skills and resources to deliver the best and sustainable results for our stakeholders.

Innovation

We pioneer innovative and better ways to do things as we commit to improve how we serve our stakeholders.

Professionalism

We act fairly and with integrity in everything we do while ensuring we display competence, resourcefulness, a good attitude and openness at all times.

Personal Development

We endeavour to build capacity within our teams and individuals, investing to grow each other to improve the business.

Your mortgage payment

Our product in ZMW and USD

Construction Finance

Allows a client to owner manage construction of house from any stage: Foundation, Walls, Roof, Fixtures & Fittings. ZHL finances up to 100% of the cost of building.

House Purchase Finance

For those who want to buy an existing complete house ZHL will finance up to 50% of the open market value of the house to be purchased.

Renovations & Extensions Finance

For clients looking to renovate, modernize or extend an existing property, we have something for them, too.

Land Purchase Finance

We know titled land has been pricy in Zambia. In now offer a land purchase facility to enable clients buy land.

A Snapshot of Zambian Home Loans and its partners

Zambian Home Loans (ZHL) is a venture between Sofala Capital and African Life Financial Services, a division of the Sanlam Group. By specializing in
mortgages, ZHL has managed to refine its product and systems to meet the unique challenges of Zambia’s mortgage environment which include low
incidence of title deeds, thin local currency funding markets and high local interest rates. ZHL’s mortgage book is the fastest growing book in Zambia
and ZHL recently passed Standard Chartered Bank as the 3rd largest mortgage lender countrywide. ZHL’s mortgage application-to-disbursement process
time has been reduced to 5 days (in comparison with competitors who typically take 2 months). ZHL now runs a US$ mortgage book targeting members of
the Zambian Diaspora in parallel with its local currency mortgage book.

Zambian Home Loans at a glance

Your Trusted Mortgage Loan Provider
  • Exclusively offers building mortgages and micro-mortgages to individuals and SMEs
  • Fastest growing mortgage provider in Zambia
  • Partnership between Sofala Capital and African Life Financial Services
  • Clients spend 40% less by building through ZHL than buying from a developer
  • Over 500 houses built and completed
  • K100m ($10m) mortgage finance deployed
  • Partnerships with multiple local building material suppliers for material disbursements
  • Funded via K30m ($3m) equity and K60m ($6m) debt
  • Average loan-to-value less than 40%
  • Bespoke, online loan system used to originate and manage credit process. All loans jointly approved by local and offshore teams.
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Some of ZHL’s funders via its mortgage-backed, bond programme