Home ownership has proven to be one of the best empowerment decisions an individual or family can take. Not only does home ownership provide security and comfort but it is also one kind of investment which doesn’t depreciate with the passage of time. It is for this reason that one of the most respect houses in the name of Standard Bank decided to start providing Standard Bank Home Loan.
Some of the features and benefits associated with this loan facility include the fact that you can apply on your own or with a partner as long as you and your partner have not owned a property, you may qualify for a loan of up to 104% of the value of the property, provided the loan amount does not exceed R1 million and depending on your affordability and risk profile, the extra 4% may only be used to pay the transfer and bond registration costs, you can repay your loan over 20 years, it has competitive interest rates, these loans are only available to private individuals and cant be registered in the name of a trust or legal entity. Credit life insurance is also provided to clients.This insurance covers payment of your home loan in the event of death, dread disease, permanent disability or retrenchment.
To qualify for this loan, you need to be 18 years or older or be an emancipated minor, you have to earn a single or joint gross monthly salary of R3500, you need to have a transaction account into which your salary is deposited,when purchasing in a sectional title complex where the number of units is between 2 and 10, you must complete a letter of awareness.
To call Standard Bank regarding this loan, you can call 0860123000.
