Standard Bank Home Loans: An Ideal solutions for Home Buyers
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Standard Bank Home Loans: An Ideal solutions for Home Buyers
Author: sonal kaur
The second biggest mortgage lender in the country of South Africa is the Standard Bank. It is presently operating in seventeen African countries. This global bank has played a significant role in the development of the economy of Southern Africa for over 145 years. With business expertise in Corporate and Investment banking, Personal and Business Banking and Wealth, It offer its customers excellent banking solutions.
Standard bank Home loans are one of the premier banking services offered to its large number of customers. It is offered for building houses, rebuilding houses as well as for buying houses.
Standard Bank Home Loans
This Bank offers two options. While first option is Dream Start, the second one is Ordinary Home Loans.
Dream Start
Dream start home loan options of the Bank aims at creating home finance accessible to the first or entry level salary earners. This is mainly applicable to those who earn between R1500 and R6000 per month, which does not include allowances or housing subsidies.
In this type of system the monthly repayments are made through debit order, from the account of the home buyers directly. In case, the customer does not have any account, then he or she will have to ask any consultant to open an account of E plan and also arrange for the money that will be deposited in the account.
The repayment and the interest rate will be applied to the account of the customer in the quotation.
Access bond
If the applier of home loan pays more than the monthly installment, he or she will have to pay lower interest rate.
Ordinary loans
The ordinary loans of Standard Bank give the home buyers the chance of financing the property. If someone applies for loans from this bank then the buyer will have to make arrangements for upfront bond registration and also transfer the required costs and deposits. The maximum LTV or Loan to value offered by this bank is 95%; however, it depends on the amount of loan applied.
Applying for new home loans
Internet banking facilities of the Bank has made it possible to apply for home loans online. If you want to apply , all you need to do is fill up the online application from the comfort zone of your office or home. However, keep in mind to purchase a signed offer before you complete filling up the application form online.
For accessing internet banking, customers will have to login with his or her card number, along with customer-selected pin or CSP.
Article Source: http://www.articlesbase.com/loans-articles/standard-bank-home-loans-an-ideal-solutions-for-home-buyers-3911334.html
About the Author
Author is a consultant who loves to write on topics related to finance, travel and education.
For more details and information visit Standard Bank Home Loans and Standard Bank Login
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