It is a type of deposit used as collateral for loans granted for residential house construction or purchase. Any Physical or legal person who is willing to open and use this account


  • The initial deposit shall be Birr 25.
  • Two passport sized photographs
  • Valid identification card.
  • Application letter;
  • Company letter attesting the person bio data.
  • Other relevant documents as per the bank credit checklist.


Product Feature

  • It is a saving account operated by passbook
  • It is an interest bearing deposit
  • The account attaches housing purchase that needs to be maintained at least for two years and
  • The Bank avails house purchase/ construction after the account holder reaches 40% of the total cost of the house to be purchased.
  • The person should have a regular income to open this account.