Are Standard Bank Home Loans Beneficial? Queries and Contact Information
Is it time to get your own home? Are you looking for a convenient program? Probably, Standard Bank has all what you need. For this young company, getting your own home is part of great investment for life. Actually, a home is considered as a nest for families, memories and even more. In order to make this dream come true, Standard Bank offers convenient programs that are destined to finance the purchase of your first home, the acquisition of another property or the building of your house.
Get your first home
If you still don’t have you own place to live, these programs are the best choice. Clients can apply for loans and return the money with competitive interest rates that can be either fixed or variable. The maximum interest you will pay is 25%.
As far as amounts of money are concerned, you can borrow up to R1 million. In this case, you will be able to borrow the 104% of the home value so as to use the 4% to affront fees, transferences and extra costs.
Financing can reach 20 years. However, you can choose the best term for you since representative are really flexible.
Pay for a new property
If you already have a home but you are interested in getting another property, Standard Bank is also there to support you. The bank will give you all you home value in money so that you can pay for whatever property you want.
Different from first home purchase, in this case, clients themselves will be in charge of application fees, transaction costs and so on. As far as financing is concerned, there are also programs of up to 20 years length. Interest rates are based on your credit history, but they are never higher than 25%.
Build your own home
Apart from buying already made homes, there are also plans to finance home building. Standard gives clients the possibility of getting all the money needed to pay for construction and return the money in the most convenient way for them.
They can choose financing terms of up to 20 years with interest rates that are never higher than 25%. Extra fees and closing cost will be in charge of clients and the bank will not provide loans to afford such expenses.
Home for business
The purpose of homes can also be to run business. In this case, there is a special program to finance the need. Standard will lend you 80% of the property value so that you can use it to make your business pay off.
Is it possible to estimate a payment?
If you are thinking about some payments for the future, let’s take a look at some calculations based on the online tool offered in the official website of Standard. Imagine you want to buy a home whose value is of R300000. You can, for example, pay the programs in 20 years with an interest rate of 10.5%. This means that you will make 240 payments of approximately R3000. The same amount of money can be financed in 6 years for those who want to consolidate debts faster. In this case, you will make 72 payments of approximately R5000. Apart from monthly payments, you will have to take into account that some fees and cost may apply once the loan in approved. Such expenses will be calculated in the application moment.
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What are the requirements to apply for a home loan?
If after reading all the points developed above, you are interested in start with one of them, please take these requirements into account:
-You need to be older than 18 years. Of course, you will be required to present your identity card.
-The mortgages agent will ask you for your last paystub. There, your gross monthly income should be at least of R3500. However, if you are interested in a home for business, your minimum monthly income should be of R6000.
-And last but not least, you need a bank account so as to receive the money you want to borrow.
How can I apply for a mortgage?
Standard Bank boasts many ways to apply for mortgages or to start application. If you are the kind of person who prefers face to face assistance, there are myriad offices all around South Africa. Just as example, we will mention some in the following areas:
-Johannesburg: there are agents in the first floor of the Southdale Shopping Centre. It is located at Corner Alamein Street And Lansbsbourg. You will get assistance on Monday from 9a.m. to 3.30p.m., from Tuesday from Friday from 9a.m. to 3p.m. and on Saturday from 8.30a.m. to 11a.m. During these hours, you can call agents by phone dialing up 860 123 000.
-Kimberley: you can find a branch exactly located at Corner Bultfontein And Lennox Street. There, you can ask for mortgages at hours of attention similar to the branch in Johannesburg: on Monday from 9a.m. to 3.30p.m., from Tuesday from Friday from 9a.m. to 3p.m. and on Saturday from 8.30a.m. to 11a.m. In case you want to make a call before hand, please call 860 123 000.
Additionally, you can also call for more information by phone. The line available for home loans is 0860 123 001. This same number can also be used to start application by phone without visiting an office in person. And finally, you can take advantage of the internet. You can write e-mails to the following address firstname.lastname@example.org for questions and comments or just click on “Apply on line” in the official website to get what you need to buy your home.
In conclusion, is you are thinking about how to get a roof for you and your family, there is no room for excuses. Standard has lending programs to afford the home you want, even by building it. Financing rates are highly competitive and financing periods are flexible so that current and prospective clients can feel good when returning the money. Make your dream come true with the help of one of the most prestigious company of the country: Standard Bank.
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Questions and answers
Can I download the bank application in my Iphone?
Yes, you can!
What is the exclusive phone number to ask for home loans?
It is 0860 123 001.
Are there additional costs to affront?
Yes, there are. Please take into account deposits and cancelation fees among other.
Online application is easy!
I bought my first home with this bank and it was fantastic.
Interest rates are really low in comparison to other companies.