Get Bucks now offering 10-year mortgages to low income earners

Financial services company Getbucks is now offering mortgage loans to low-income earners.  The mortgage loans will be paid back in 10 years with zero percent deposit.  However, the mortgages will have  18-percent  interest per annum.

Getbucks’ chief finance officer Paul Soko, speaking to The Source said:

So far we just started and everyone is so excited by the product because unlike a traditional mortgage, we can give a mortgage of $2,000 to $5,000 which you cannot get from any other commercial bank. Its unique in that it appeals to low income workers.

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Getbucks’ mortgage is set to rival the FBC Building Society and ZB Holdings.  The two have interest rates of 15 percent and 18 percent respectively.

More: The Source

 

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