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Housing Loan

Housing Loan

Home Loan tabbed content

Purpose
  • Purchase of a house / flat.
  • Takeover of Home Loans availed by an individual borrower from other banks / financial institutions may be considered subject to compliance of takeover norms.

Please email to us on amcredit2.rsa@statebank.com for more details.

Features
  • Loan available to individuals between 18-60 years with steady source of income
  • Earning family members can join as co-borrower/guarantor
  • Minimum loan amount : ZAR 500, 000 and maximum: ZAR 50, 000, 000 depending on repayment capacity
  • Security: mortgage bond over the property/ personal guarantee/ third-party  guarantee
  • Attractive and competitive pricing with PLR-linked interest rates
  • Repayment : in equated money instalments (EMI) that takes care of interest component.
  • Maximum repayment period : 20 years or in the case of expats expiry date of work permit, whichever is earlier.