Frequently Asked Questions
The frequently asked questions can assist you to obtain more information about investing with RMBL.
- What is a Contributory Mortgage Investment?
- How long has RMBL investments been in operation?
- How do I invest?
- Minimum investment amount?
- Term of investment?
- Maximum investment amount?
- Option to Renew investment in existing Sub Scheme
- Are there any fees or charges?
- How is the interest paid?
- Who can apply to invest?
- What criteria is used to assess loan applications?
- How is the security for each Sub Scheme valued?
- Are there compensation arrangements in place?
- What are the benefits of investing in the Scheme?
- Information you can expect to receive from RMBL?
Information for Members
What criteria is used to assess loan applications?
RMBL requires Borrowers to provide RMBL with the following information to assess the suitability of the proposed loan:
- details of current assets and liabilities and other relevant financial information;
- where a loan is for construction or development purposes, details of costs involved and pre-sales obtained as well as any building contracts;
- copies of contracts of sale;
- Identification Check requirements
All of this information is then provided to RMBL’s Credit Committee who assess this information having regard to the suitability of the Borrower and quality of the security property. A majority of the Credit Committee must agree to approve the Loan.