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2025-04-30T14:22:59Z

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==Procedure==
'''Apply In-Person''' 
#The National Development Bank has introduced various financial assistance interventions like the Bonno Home Loan for individuals, which cater to all home financing needs i.e. building a home, buying a house or plot, or home improvement. [https://www.ndb.bw/contact-us NDB contact details]
#Interested applicants who wish to obtain Bonno Loan as individuals should visit the nearest NDB branch office and express their interest in assessing the loan to the customer service desks.
#Collect and complete the Bonno Loan Application Form (Individual) or download it via the NDB website [https://www.ndb.bw/downloads?page=1 Forms] or directly download it using this link; [https://www.ndb.bw/sites/default/files/Bonno%20Loan%20Application%20Form%20%28INDIVIDUAL%2905-05-2015.FINAL.pdf Bonno Loan Application Form – Individual].
#Submit the certified copies of the supporting documents as mentioned under the “Required Documents” section of this page, in addition to the duly completed application form in all respect to the nearest NDB branch office. Any omission of these documents will render the application process incomplete.
#Upon receipt of the application file, the NDB receptionist/secretary at the front desk will verify if all the necessary information and documentation has been provided and that the applications comply with the selection criteria before registering the application file for assessment and consideration by the NDB unit responsible.
#The application will be processed as per the information and documentation provided, that is why applicants are advised to provide sufficient information to enable the NBD to evaluate the request and make its decision.
#Notice of the decision (Approval, Deferral, or Rejection) for the Loan will be communicated to the client in writing /phone/email.
#If the funding is approved, the applicant will be required to visit the NDB office, where the application was lodged, and produce a proof of identity document to be validated by the authorized official. The borrower shall be made to sign a contract with NDB
#The Access of the loan by the applicant once approved, is normally subjected to pre-disbursement conditions as the NDB deems fit, once all these conditions have been fulfilled, the loan can start disbursing in accordance with the implementation schedule agreed with the applicant (borrower). 
 
==Required Documents==
*Two (2) certified copies of National Identity Cards (Omang), for all Batswana applicants, all Shareholders, and Directors.
*Two (2) certified true copies of passports (for non-citizens).
*A copy of a residence permit and work permit (Non-Citizens).
*A copy of passport (Non-Citizens).
*A copy of the land title (title deed, registered lease, etc.)
*Valuation Report of the property to be financed by any of NDB’s preferred valuators.
*Applicant’s Bank statements for the latest 3 consecutive months
*Approved plans for property construction/development.
*A Copy of the Contractor and the Borrower’s agreement.
*Relevant quotations/ sales agreements.
*Bills of quantities for construction of properties in excess of P500, 000.00.
*Latest Salary advice slip for both applicant and spouse.
*BURS Tax Number.
*Employment Confirmation Letter/ Copy of Employment Contract For Construction Loans above P500, 000.00 the contractor to attach registration documents with PPADB.
*Every construction project above P500, 000 to have a soil analysis report.
*Structural Engineer’s report is required for all double story buildings to be constructed as well as where the soil analysis demands that it be done.
*A certified copy of the Marriage Certificate. If married out of community of Property please provide Instrument from Deeds Office.
*Proof of Physical Address, eg Utility Bill.
*Spouse’s letter of consent. 
 
==Office Locations & Contacts==
'''NATIONAL DEVELOPMENT BANK (NDB)''' 
GABORONE OFFICE 
Client Relations Director 
Regional Managers 
Relationship Managers 
Sales Executives 
Address: Development House Queens Road, Main Mall 
P O Box 225, 
Gaborone Tel: (+267) 395 2801 
Fax: (+267) 397 4446 
 
FRANCISTOWN OFFICE 
Regional Manager 
Relationship Manager 
Sales Executives 
Address: Tswelelopele House 
P O Box 282, Francistown 
Tel: (+267) 241 6044 
Fax: (+267) 241 6065 
 
MAUN OFFICE 
Regional Manager 
Relationship Manager 
Sales Executives 
Address: NDB Office, Mall 
P O Box 453, Maun 
Tel: (+267) 686 0316 
Fax: (+267) 686 0645 
 
PALAPYE OFFICE 
Relationship Manager 
Sales Executives 
Address: NDB Office, Palapye Development Trust Mall 
P O Box 10387, Palapye 
Tel: (+267) 492 0552 
Fax: (+267) 492 0551 
[https://www.ndb.bw/contact-us NDB contact details] 
[https://www.ndb.bw/ NDB Website] 
 
==Eligibility==
*All Botswana citizens and permanent residents.
*Those with the retirement age of 70 may also apply.
*Applicants should have an existing active bank account with the NDB.
*Only plots with title deeds, leasehold, or freehold can be financed.
*Bonno Home Loan is available for property located in both urban and rural areas across the country. 
 
==Fees==
No fee associate with the service. 
 
==Validity==
*For a home improvement loan, the repayment is for a maximum of 5 years and the loan must be settled before the age of 65 for individuals.
*For a construction loan, the repayment is for a maximum of 25 years. The loan must be settled before the age of 65 years for individuals.
*For the Plot Purchase, the repayment is for a maximum of 7 years and the loan must be settled before the age of 65.NB* Loan Repayment should be aligned to the development period as per the offer of the sale. 
 
==Documents to Use==
[https://www.ndb.bw/sites/default/files/Bonno%20Loan%20Application%20Form%20%28INDIVIDUAL%2905-05-2015.FINAL.pdf Bonno Loan Application Form – Individual]. 
 
==Sample Documents==
Please attach sample completed documents that would help other people. 
 
==Processing Time==
Please explain processing time taken in obtaining the document/certificate. 
 
==Related Videos==
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'. 
 
==Instructions==
Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908. 
 
==Required Information==
*Background information of the applicant (individual)
*Applicant employment status
*Details of the Spouse employment status/spouse’s other income
*Existing and previous loans with NDB and other institutions
*Details of the Property to be financed
*Transaction details
*Bank details (applicant/spouse)
*Spouse consent
*Monthly personal budget details
*Loan Security details
*Personal balance sheet
*Assets/Liability details
*Declaration by the applicant 
 
==Need for the Document==
*Bonno Home Loan caters to all your home financing needs, be it building a home, buying a house or plot, or home improvement.
*Bonno Home Loan is affordable. It offers 100% finance cover including transfer duties, fees, and VAT interest rates. It gives you the convenience of acquiring your own home. 
 
==Information which might help==
Enter other informations which might help. 
 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity. 
 
==External Links==
*[https://www.ndb.bw/sites/default/files/18423_bonno_Homeloan_Brochure_2_0.pdf NDB Bonno Home loan Brochure] 
*[https://www.ndb.bw/bonno-home-loan NDB Bonno home loan] 
 
==Others==
More information which might help people. 

[[Category:Botswana]]

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Wesley: Auto