@& PAARL HIS ATH COMMERCIAL BANK OF ETHIOPIA Inter Departmental Memorandum Jovaheg? 25 47 2011 4.9" | ee AONE - PAPE EOD “PALGNEC - PNEC La Pot 1697), Copy: WANE Subject: PAR: APS PNLC whF PALATE ME ONE L/PIL MLC LEA PTCA 1K APAAGY HATIMEFT ANGA OL VIC NA PID KLATZ EPA OF CaM VIC horerarta- 04 LAF UL APMP? ANA PATH AMMA MEI pe" Pre AL. PRAMS AKLATE CAL Crmee/orrrye PLT PASC RIAD ATAEPOF AT HALA EOP AATLLT ATPAMAN AMA AN. 22 4 2011 9 MF ALA UEA PMSOR! BA ANd LAH VIC TH LVTF Phd LIFE MECH OTT OCH Aenea ALAVATI. KAVY PLETAL LUTE Hhbde Ee}: cages ane” 24 4 2010 SP MADR O POPE NoPaNg La BO, RAVE INET IL NET Me MY Pode MOT 2C Lr LOy OLE AAI TEAA 10 AV-AT? EAE NIE LED NGL IML ING hwaps IC tf Aart aoqw ANes-34% Office Phone No. 011-531-91-99 Fax No, 011-531-92-52 NOT LAN ATVI AL AE ®PRODUCT TYPE: MORTGAGE LOAN FOR THE DIASPORA Who is eligible co Apply for Diaspora Mortgage Loan? # Any Diaspora whose age is 18 years and above + Any Applicant who can submit the following documents during loan application: © Residence and/or work permit. © Renewed passport for non-resident Ethiopians or renewed passport and yellow card for foreigners of Ethiopian Origin. © Twolatest passport size photograph; © Marriage Certificate, or otherwise; © If applicable, power of attorney, copy of ID and 2 passport sizes photograph of the agent(s) ‘© Employment letter showing annual gross and net income from their employers or individual tax return, (Optional) © Copy of employment contract, if applicable, © Bank Account statement from foreign banks for at least one year (© Ifthe applicant is a business individual s/he shall present: + Financial statement at least for three consecutive years + Renewed trade licence and trade registration certificate, + Tax payment certificate. The applicant shall raise, in foreign currency, equity contribution of at least 20% of the cost of the residential house to be purchased or constructed, * The Bank shall finance up to 80% of the cost of the house to be purchased or constructed. © The loan shall be repaid using eligible foreign currencies (USD, GBP and EUR) How to open Mortgage Savings Account The applicant can open saving account before hand and save for his/her equity contribution by going directly in person or through his/her agent in any nearby branch of Commercial Bank of Ethiopia or through Ethiopian Embassies. © The applicant can lodge his/her loan request to any of the bank's consumer and housing Credit Processing Units and Outlying District Offices upon getting ready his/her equity contribution Features of the Mortgage Loan * Purpose: purchase, construction or both of residential house + Loan life: maximum of twenty years ‘© Equity contribution: minimum of 20% of the house to be purchased or constructed * Interest rate: minimum of 8.5% per annum #Ivis possible to setle the loan at any point without additional charge zeNO KIC ALTE AAKKLOLT AT THAR ATPALOLE PEN PLT OI /ONLE PNLC HIATT ANRC HAMA Ad PLLRCT OONECHE? v v ALTHO 118 GaP NAL PU THE OP KLATZ GE ALOT GO ANSE NLLPAntht Ott KANTAOD AS TEN LECAIAT Noe AIG POOFEE AG/OLI CH HLT 1O-E HIG ALPS AALE LOLI LALA TAL CHT Po AIC WIE LATO FOAL AAP ELO-LT LILA TATCE AG PTOAL ATER LO-LY PF Od PT UAT PPC Ut CME PINE Ud: INLET NL PrMePar MOA ATH hr POA PILRA oPbOkeT VAT PPCN Uh CRIGET PONAGT WET PALE AANEY GOPI-R MPAA WAT PbMe- WM, PLLAL Corde VPC RAM (APMLAL YLT SLOT Ea Norske KIC ATA LAO AN DLT PATS Gar aonCNG (Bank Statement) SLOT oar MHI Ndr AL. PAE HUY 2 PES 3 FP% CdyA-fl avVA*n, (Financial Statement) F © PARA CFI AIK AT LID PUD OdPT (ATRLUT Torre UEa)E co AHA heat POLLAL ap nent BEAT Cor ANC ALAPAHA EYMar-t/LTIMGF VA PI/LATIAA IPT KIAMA OL 20% (YL Nard) Mhétra- Pda dA ODP MEP LCI IAT AT PME MPAA LAPD /LGYML PI/LOPTTEA It NIL WIA Ah 80% (ATL NIE) PARLAE PIL OCYR NEL PLANO Now FIG Wt CHUL ZACT PAVIA TOS WLI RE Yor: Ty