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Standard Bank Home Loan Products facilitated through Mortgage Plus.
If you ready to purchase that property you have always wanted, why not apply for a Standard Bank home loan?
Standard Bank is one of the leading home loan institutions in South Africa and has assisted millions of individuals to obtain their dream homes.
Standard Bank complies with the National Credit Act of 2005 (NCA) and sound banking principles are followed which ensures that a professional service is rendered to individuals. Standard Bank also uses state of the art technology which allows for speedy home loan application and results. In fact, many South Africans are pleased to find a Standard Bank branch in many overseas countries in Europe.
But how can one go about to obtain a Standard Bank home loans and what does it entail?
Firstly, individuals will have to proof that they earn a fixed monthly salary of at least R 6000 on a single or joint salary.
When applying for a Standard bank home loan, individuals will require to submit other information such as the green South African I.D. document, proof of permanent residency and salary slips will have to be submitted with the actual signed application.
To find out what percentages the bank will offer please contact Morne Prinsloo on 011.327.4489
Various options are available to cater for customer specific needs and include interest rates, which are either fixed or variable. Fixed interest rates on a Standard Bank home loan simply means that interest charged on your home loan will never change even if country wide interest increase or decrease over time. Current interest rates, as from November 2010 on Standard bank home loans are charged at 9% (and is variable) but individuals may be charged at a higher or lower rate depending on their credit score rating.
Insurance to cover the value of the structure is also compulsory and need not necessarily have to be taken out through Standard Bank.
Standard Bank offers two types of structural insurance:
• Home Loan Protection Plan
• Home owner’s Comprehensive Insurance Policy
Mortgage Plus may also provide individuals with a pre-approved home loan certificate which indicates the amount that Standard Bank is willing to offer the individual and it allows individuals time to shop around for a property of their choice. It could speed up your application process and Standard Bank will only need to assess the actual property for the final process.
To apply for your Standard bank home loan Click Here
Mortgage Plus offers a wide range of advice on different bond options and further advice on the above. Please call us for further information on:
Call us on 011.327.4489
Email: morne@mortgagepluscc.co.za
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