RBMV Bank  |  Home

Mortgages

The RBMV Bank offers both personal mortgages and business mortgages. We offer this facility to customers with a personal current account active for more than 3 years, and to business customers which the owner or owners have a current account active for more than 3 years.
Personal Mortgages
The RBMV Bank personal mortgage is a loan used by individuals to purchase residential property, secured against that property (collateral).
We can also assist you from taking out a mortgage abroad, to help with re-mortgaging a Mount Vema Title Plan (off-plan property) to free up cash.
The amount borrowed must be repaid with interest over a set term, and if payments are missed, the bank has the legal right to foreclose and 
sell the property to recover the debt.

. Structure (Personal): Up to ₲750,000.00 golles 
Comprised of a principal loan amount, interest rate, and a repayment term (e.g., 25–30 years).

. Types: 
    Owner-Occupier: For businesses buying their own premises.
    Owner Investor: For purchasing property to rent out for income.
Business Mortgages
The RBMV Bank business mortgage is a long-term, secured loan used by companies to purchase, refinance, or develop commercial property and land. It is a financial agreement where the property serves as collateral, allowing the lender to foreclose if the business defaults on payments. 
These are crucial for expansion, avoiding high rents, and managing cash flow.

. Structure (Business): Up to ₲5,000,000.00 golles 
 Usually involves higher amounts than residential, with varied terms tailored to the business's financial health.

. Types:
    Owner-Occupier: For businesses buying their own premises.
    Commercial Investment: For purchasing property to rent out for income.
Benefits and Considerations
    Deposit Requirements: Personal mortgages need a minimum of 5% deposit, whereas commercial mortgages require 20–40%.
    Approval Criteria (Personal): Personal loans are based on personal income. 
    Approval Criteria (Business): Commercial loans are based on business cash flow, profits, and the property's income potential.
    Speed: Funds can often be received on the same day as approval.
    Security: The property acts as collateral; failure to pay can result in repossession.
    Early Repayment: Early repayment will help you save on interest, though fees might apply.
    Eligibility (Personal): Generally requires being at least 18, a legal resident, and having a suitable income/credit score. 
    Eligibility (Business): The bank will evaluate the business's financial health, including credit history, revenue, and time in operation.
Login to your RBMV Bank account to apply.
RBMV Bank, is the leading commercial bank of the Kingdom of Mount Vema.  The banking partner committed to provide banking and financial services to Mount Vema citizens overseas, city of Mount Vema project participants worldwide providing goods and services to Mount Vema, and to their employees as well as their relatives. We also provide finance to anyone banking with us, or to anyone with ideas and projects that would be of benefit to the City of Mount Vema Project, and the preservation of the Vema Seamount and its marine life.