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Standard Bank Home Loans And Its Benefits


Should you opt to prepay your Home Loan? An obvious home loan prepayment benefits is that it reduces your interest rates payout. So, keep reading to find out. For more details visit – PowerPoint PPT presentation

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Title: Standard Bank Home Loans And Its Benefits

Home Loan Prepayment Benefits
Standard Bank Home Loans And Its Benefits
For people who want to buy a home but do not have
the required money the various home loan
providers come as a boon. If a person gets the
approval for a loan, he can buy the house he
wants and thereafter re pay in monthly
installments. The inhabitants of South Africa can
avail the services offered by Standard Bank Home
Standard Bank has 4 different types of mortgage
packages for the customers. Among them the
important ones are Jumpstart, Dream Start, and
Access Bond etc. The plan named Dream Start has
been developed for catering to the needs of the
consumers with a limited income and budget. These
people can give shape to their dream of buying a
home with the help of this Standard Bank Home
Loan policy.
The usual repayment period for Dream Start is 20
years. The financing is generally provided for
80 of the buying cost. If a person does not
possess the 20 deposit needed, the bank will
require him to give collateral. Even if a person
does not have anything to provide as collateral,
the bank will ask him to arrange for a guarantor.
A person can make Mortgage repayments by means of
debit orders. If one does not possess an account
he is usually given the chance of opening E-Plan
account. It is also possible to make additional
deposits. If one makes additional deposits he
makes savings on his interest.
If a person wants to apply for Dream Start he
requires earning around R 6,000 every month. He
also needs to meet the credit requirements of
Standard Bank. The applicant also needs to have
an identification document of South Africa.
The Standard Bank Home Loan Dream Start offers
the consumers a reward program. If a person who
has taken the loan makes his payments in time,
after two years he earns the qualification for
getting rewards. A significant factor is that
people applying for home loan prepayment benefits
and covering more than 100 of the purchase cost,
get Disability, Retrenchment and life covers.
The Standard Bank is among the leading mortgage
and finance lender entities of South Africa. As a
matter of fact, it is the holder of 30 market
share and is the second biggest Mortgage lender
of the republic. In the financial year 2007, the
bank reported a 20 percent increase in its home
loan business. When one considers the economic
slump property industry went through the year,
the credibility of Standard Bank becomes obvious.
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Benefits Visit below link
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