Lamudi Tanzania now offering mortgage calculator to help with home financing
BUYING a home is a big decision, and one that requires a lot of money and thorough research. The concept of a mortgage has only recently been introduced in Tanzania, and this has helped many Tanzanians purchase a home without having to wait until they have saved the entire asking price of the property.
Faced with a high cost of living, many working individuals find it difficult to save up for a home and end
up spending their savings paying rent. Nowadays, the mortgage system can help set up a payment plan of up to
30 or more years to pay off your house in installments.
In a bid to further improve the real estate industry, Lamudi Tanzania has launched an online mortgage
calculator to assist home buyers who depend on mortgages. This calculator will help users of Lamudi to
finance the property of their dreams.
Godlove Nyagawa, Country Manager of Lamudi Tanzania, said: “Home buyers should go directly to the Lamudi website, and choose a possible property they would be interested in investing in. Then they can check the
property price and cross reference this with the down payment he or she can afford.
The credit calculator button is located on the top right hand corner of the website. It is designed to give
you a breakdown of how much your approximate down payment will be, as well as your loan amount and loan
terms. The calculator will also help you with your interest rate, and will give you an overview of what you
should be expecting to pay.”
Mustafa Suleimanji, Managing Director of Lamudi Tanzania, added that: “Our team is now in talks with various
banks in Tanzania. CRDB has been the first to collaborate with Lamudi on the mortgage calculator and we look
forward to securing further partnerships soon.”
Lamudi mortgage calculator is expecting to rebuild the hope for many Tanzanians to have the chance to purchase homes from a variety of our real estate agents like DEGE, COMFORTZONE, LOWMUS, GALAXY ESTATE, MAKAZI SOLUTION, and HORN AFRICA.
ABOUT LAMUDI
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-
growing platform is currently available in 32 countries in Asia, the Middle East, Africa and Latin America,
with 900,000 real estate listings across its global network. The leading real estate marketplace offers
sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.
ABOUT AIH
Africa Internet Holding introduces and accelerates the online shift in Africa – for its people and its
culture. It is committed to running successful and vibrant internet companies which boost the evolution of
African online culture. AIH is the parent group of nine successful and fast-growing companies in more than
25 African countries, accounting for over 3000 staff. AIH cares about entrepreneurship and brings together
all the key elements required to build great companies: team, concept, technology and capital. Its network
of companies includes JUMIA, Kaymu, Hellofood, Lamudi, Carmudi, Zando, Jovago, Lendico and Easy Taxi.