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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.
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.
To be recognized as a household name and mortgage finance market leader, providing innovative, reliable and efficient solutions to Zambia’s’ housing deficit.
Helping Zambia bridge the housing gap.
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.
Our product in ZMW and USD
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.
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.
For clients looking to renovate, modernize or extend an existing property, we have something for them, too.
We know titled land has been pricy in Zambia. In now offer a land purchase facility to enable clients buy land.
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.
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