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Product Guide: Standard Bank Buying Again Home Loan

Buying Again Home Loan

Comparison Overview:

  • Product Category: Buying Again Home Loan
  • Minimum Monthly Income: -
  • Interest Charged: competitive interest rate
  • Monthly Service Fee: up to R300 depending on account
  • Initiation Fee: R5,700.00
  • Minimum Age: -
  • Maximum Age: -
  • Max Repayment Term: 20 years
  • Insurance Options: credit life insurance/home owners insurance

Product Overview

Have you outgrown your existing home or have you worked really hard and want to reward yourself with a bigger and more luxurious home or investment property? Standard Bank has the product for you!

Features and Benefits

  • You can apply for a home loan as a private individual, with another person(s) or as a juristic entity, such as a trust or company.
  • Competitive fixed and variable interest rate options.
  • You can get a loan for up to 100% of the value of the property, depending on your affordability and risk profile.
  • Competitive interest rates.
  • You can repay your loan over 20 years.
  • Credit life insurance may be needed - this covers payment of your home loan in the event of death, dread disease, permanent disability or retrenchment.

What you will need to apply

  • You have to be 18 years old or older or be an emancipated minor.
  • You have to earn a single or joint gross monthly salary of R3500 or more.
  • You need to have a transaction account into which your salary is deposited.
  • Home-owners insurance is compulsory. You have the option of arranging your own insurance over the property.
  • You must also bring all required documents. See the document checklist to help you get ready to apply.
  • When purchasing in a sectional title complex where the number of units is between 2 and 10, you must complete a letter of awareness (English) (Afrikaans) as indicated on the document checklist.


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