Buy 40 Percent Of A House: TN CyberTech Bank Launches Flexible Home Ownership Allowing People To Buy Percentage Shares

Zimbabwe Property Buyers Can Now Own 40 To 100 Percent Of A House

TN CyberTech Bank has launched a new housing scheme that enables Zimbabweans to purchase partial ownership of homes, rather than paying the full property value upfront. The deal, revealed on 16 September 2025, was described by founder Tawanda Nyambirai as “the greatest empowerment deal Zimbabwe has ever seen.”

A new path to home ownership

In a statement shared on X, Nyambirai said the project was targeted at locals, professionals, the informal sector, and Zimbabweans in the diaspora.

He declared:

“I have a once in a lifetime opportunity for those who want to buy a home. The greatest empowerment deal Zimbabwe has ever seen that will revolutionise property ownership. The targeted beneficiaries are my country men and women in the diaspora, local professionals, and the informal sector.”

Nyambirai explained that more than 100 houses in Fairview, Ruwa, were available and already on title deeds. Each house has a cash price of US$75,000 (R1.35 million).

“But you don’t have to buy 100% of the house. You can buy 40%, 50%, 60%, 70%, 80%, 90% or 100% of the house on a co-ownership arrangement with the Bank,” he said.

Nyambirai also outlined the terms:

“The deposit is 10% of the Cash Price. The interest rate is 18% per annum. This is a credit sale for four years.”

Occupancy and rental arrangements

Nyambirai stressed that buyers could take possession of their homes immediately after paying the deposit.

“You can take occupancy on paying the deposit. If you are in the diaspora, you can immediately rent the house out. However, you only pay us rent for the percentage that you are not yet buying. For example, if you are buying 50% of the house for now, and if the rent is US$500 (R9,000), you only pay us US$250 (R4,500) for our 50%. You can use your US$250 (R4,500) to reduce your monthly instalment.”

He added that title deeds would be issued reflecting undivided shares, giving buyers legal recognition of their portion.

“Once you have paid for your chosen percentage, we can obtain title deeds for you that reflect your share of the property as an undivided share. As a co-owner, you can sell your share, rent it out, or use it as security for loans.”

Nyambirai also said there was an option to buy out the bank later under the agreed-upon credit terms in full.

“You will have an option to buy us out (our percentage) on agreed credit terms and at an agreed price after the currency change that was announced. This will help both you and us to transition to the new currency without either of us owing the other.”

Addressing criticism and interest rates

Reactions online were divided. Some questioned paying rent on unowned shares. Responding to one critic, Nyambirai insisted:

“You pay rent on the share you do not own! You got it all wrong my brother.”

On interest rates, Nyambirai argued that 18 percent was low compared to Zimbabwean market conditions.

“I asked ChatGPT to evaluate the rate of 18% per annum in the context of the inflation rate, the RBZ policy rate and other bank lending rates. The Reserve Bank Policy Rate is 35% per annum. Annual inflation is 30% down from 85%. Bank lending rate is 42.5%. Therefore, an interest rate of 18% per annum yields a negative real interest rate of -12% per annum. Therefore the rate of 18% per annum may be considered quite low.”

He reassured clients of the project’s legitimacy: