Stanchart lowers mortgage interest rates
Published On August 4, 2022 » 1322 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA
STANDARD Chartered Bank Zambia has lowered its interest rates on mortgages to 16 per cent effective August 15, as the Group commits US$40 billion to support growth across emerging markets, Asia and Africa.
The interest rates on mortgages will reduce to 16 per cent from 24.5 per cent on new loans in an effort to provide affordable finance.
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