Home Loan
Secure your future with a Stanbic Bank Home Loan that redefines the path to home ownership. Our commitment is to simplify the journey of buying, building, or enhancing your home. With a range of carefully crafted options, we aim to streamline your house hunting and purchasing experience. Let Stanbic Bank be your guide on this exciting journey toward becoming a well-deserved homeowner. Your dream home is within reach, and we're here to make it a reality.
Some of the benefits
Outright purchase
This gives a customer an opportunity to buy a complete house.
100% Financing for first time home owners
Helps improve home ownership by financing homes under P1,500,000 without a deposit for first time homeowners
Building Loan
This give a customer the opportunity to build a home from the ground up.
For Gaborone and Surrounding areas
For Gaborone and Surrounding areas
Equity release
Is a way of releasing the wealth tied up in your property without having to sell it and move to another home. You can either borrow against the value of your home or sell all or part of it in exchange for a lump sum or a regular monthly income.
Some of the benefits
- First time Home Buyers are eligible for 100% financing.
- Gives the customer an opportunity to own a home
- Bonding an unbounded property in order to acquire assets today, using future cash flows.
What you get
- Maximum loan period is 25 years.
- You can finance up to 100 % of the Open Market Value of the property, or purchase price, whichever is lesser. *Terms and Conditions apply
- The loan amount can only be paid when the property has been transferred into the customer’s name and the Bank bond has been registered.
- In the case of construction, the borrower is required to collect a statement from Stanbic Bank and service interest during the building period.
How it works
- Ordinary Home Loan - Gives you the opportunity to build, buy a home or Top up on your existing home loan.
- Building Loan - Gives you the opportunity to build a home.
- Equity Release - Bonding an unbounded property in order to acquire assets today, using future cash flows.
- Balance Transfer - transfer your home loan to us to enjoy favourable rates-cash out /no cash out option available
How to get it
Documents Required
- Formal property valuation from approved panel valuers (whether building or buying or refinancing a completed house
- Certified Copy of the Title Deed (must be in individual or company name)
- Letter of offer to purchase plot/property
- Certified copy of identity document
- Certified copy of passport (expatriates)
- Certified copy of work and residence permits (expatriates)
- Certified copy of contract of employment (expatriates)
- Proof of residence( not older than 3 months)
- Proof of income (pay slip or letter from employer/ auditor/ accounts or financial statements) not more than 6 months old
- Bank statements for the past 6 months(if account is not held with Stanbic Bank Botswana)
-
Some of the benefits
-
What you get
-
How it works
-
How to get it
- First time Home Buyers are eligible for 100% financing.
- Gives the customer an opportunity to own a home
- Bonding an unbounded property in order to acquire assets today, using future cash flows.
- Maximum loan period is 25 years.
- You can finance up to 100 % of the Open Market Value of the property, or purchase price, whichever is lesser. *Terms and Conditions apply
- The loan amount can only be paid when the property has been transferred into the customer’s name and the Bank bond has been registered.
- In the case of construction, the borrower is required to collect a statement from Stanbic Bank and service interest during the building period.
- Ordinary Home Loan - Gives you the opportunity to build, buy a home or Top up on your existing home loan.
- Building Loan - Gives you the opportunity to build a home.
- Equity Release - Bonding an unbounded property in order to acquire assets today, using future cash flows.
- Balance Transfer - transfer your home loan to us to enjoy favourable rates-cash out /no cash out option available
Documents Required
- Formal property valuation from approved panel valuers (whether building or buying or refinancing a completed house
- Certified Copy of the Title Deed (must be in individual or company name)
- Letter of offer to purchase plot/property
- Certified copy of identity document
- Certified copy of passport (expatriates)
- Certified copy of work and residence permits (expatriates)
- Certified copy of contract of employment (expatriates)
- Proof of residence( not older than 3 months)
- Proof of income (pay slip or letter from employer/ auditor/ accounts or financial statements) not more than 6 months old
- Bank statements for the past 6 months(if account is not held with Stanbic Bank Botswana)