Standard Bank Home Loans are easy to obtain and very affordable for different individuals, In this article we are going to give you a comprehensive overview of the home financing solutions Standard Bank offers and why you should consider this financial product if you are looking to buy a house using a home loan.
Standard Bank offers various home loan options, including first-time buyers, pensioners, bonds, further lending, home loan insurance, home content insurance, building loans, and building insurance standard bank requires no deposit and the maximum loan amount is R2.2 million.
Requirements for Standard Bank Home Loans
To be eligible for a standard bank home loan you must the following requirements and if you are getting this loan with someone else that person should also meet the requirements.
- Must be South African Identity documents
- Must be 18 years or older
- Must earn at least a minimum of R3500
Documents Required for Standard Bank Home Loans
The following documents are for people who are permanently employed, self-employed or building a house ground-up
If you are permanently employed you must have the following to apply:
- Recent payslip (if earning a fixed income)
- 6 recent payslips (if earning unfixed income)
- 4 recent payslips (if earning fixed income weekly or fortnightly)
- 24 recent payslips (if earning unfixed income weekly or fortnightly)
- Recent 3 months bank statement if not banking with standard bank (but if you use ABSA or Nedbank we will get them on your behalf)
If you are self-employed you must have the following to apply:
- Recent 24 months business financial documents
- Recent 3 months bank statement if not banking with standard bank (but if you use ABSA or Nedbank we will get them on your behalf)
- Statement of personal liabilities and assets and they must not be older than 3 months
If you are building a house ground-up you have the following:
- Building plans and quotes that are approved and stamped legally
- The building contract signed by the builder and you
- NHBRC certificate that is valid
- The documents clearly show the price of the materials you are going to use
For a better overview of the documents needed can be accessed on this link
Interest Rates for the Home Loan
Standard Bank has some of the most affordable interest rates when it comes to home loans they have two prime levels that start from a minimum of 11.75% up to a maximum of 13.75%
How to Apply for a Standard Bank Home Loan
Once you have all the documents required and meet the requirements you can apply for the Standard Bank Home Loan on the Standard Bank website or you can visit your nearest branch the friendly consultants will help you with ease, remember to have all valid documents to speed up the process.
After Standard Bank has reviewed and evaluated your loan application they get back to you as soon as possible to inform you about your loan application outcome either by phone call or email.
Contact Details
- Phone: 0860 123 001
- Email:, NewHomeLoansDBN@standardbank.co.za/NewHomeLoansJHB@standardbank.co.za
For more credit click here