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Housing Loan

Housing Loan

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  • Purchase of a house / flat.
  • Repair or renovate an existing house /flat. Cost of furnishing/ purchase of consumer durables for the house/flat shall be treated as part of the project cost.
  • Re-imbursement of investment made from own sources during the preceding twelve months for purchase of property / construction / repairs/ extension of house.
  • Takeover of Home Loans availed by an individual borrower from other banks / financial institutions may be considered subject to compliance of takeover norms.
  • 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.

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