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Buying a home

Buying a home

The Stanbic home loan assists you to become a property owner. Say goodbye to renting with our flexible 20 year plan with affordable and tailor made terms and conditions

Some of the benefits

Flexible

Flexible terms and conditions

Partnership

Strategic partnerships with suppliers of building materials

Support

Our home loans team is available to give you 24 hour service.

Peace of mind

Enjoy peace of mind with a roof over your head
What you get
  • We offer mortgage finance  for the acquisition of completed houses in any of the towns in Zimbabwe.
  • The Home Loan Plan is up to 20 years at competitive terms and conditions.
How to get it
  • Visit any Stanbic Bank branch near you
Terms and conditions
  • A letter from employer stating position, employment status and period  employment.
  • For loan entitlement and interest rates, please contact Stanbic Bank.
  • Interest rates may be changed for both existing and new loans depending on the economic conditions or prevailing laws.
  • All mortgaged properties must have Title deeds.
  • Interested members should open a Current Account as per the Bank’s requirements for the purposes of loan disbursements and repayments or salary credits.
  • A first mortgage bond over an urban immovable property shall be used as security.
  • Mortgage protection insurance through Stanbic is compulsory.
  • Property insurance is compulsory. 
  • No Deposit required.
  • A duly completed STANBIC Home Loan Application Form.
  • Copy of Title Deed.
  • Certified copy of Identification Document (Max age at loan maturity 60 years).
  • Personal Balance Sheet.
  • Letter confirming Member’s employment/contract and undertaking to pay member’s salary to Stanbic Account.
How much it costs

The borrower should have funds to meet the following costs 

  • Stamp Duty +/- 3% 
  • Conveyancing Fees +/- 4% 
  • VAT 15% of the conveyancing fees 
  • Sundries 
  • Bond registration costs +/- 4% of bond value 
  • Valuation fees Up to 1% of loan approved 
  • Facility / Establishment fees 2% once off 
  • Application fees  
  • Loan Protection 
  • Property Insurance 
  • What you get
  • How to get it
  • Terms and conditions
  • How much it costs
  • We offer mortgage finance  for the acquisition of completed houses in any of the towns in Zimbabwe.
  • The Home Loan Plan is up to 20 years at competitive terms and conditions.
  • Visit any Stanbic Bank branch near you
  • A letter from employer stating position, employment status and period  employment.
  • For loan entitlement and interest rates, please contact Stanbic Bank.
  • Interest rates may be changed for both existing and new loans depending on the economic conditions or prevailing laws.
  • All mortgaged properties must have Title deeds.
  • Interested members should open a Current Account as per the Bank’s requirements for the purposes of loan disbursements and repayments or salary credits.
  • A first mortgage bond over an urban immovable property shall be used as security.
  • Mortgage protection insurance through Stanbic is compulsory.
  • Property insurance is compulsory. 
  • No Deposit required.
  • A duly completed STANBIC Home Loan Application Form.
  • Copy of Title Deed.
  • Certified copy of Identification Document (Max age at loan maturity 60 years).
  • Personal Balance Sheet.
  • Letter confirming Member’s employment/contract and undertaking to pay member’s salary to Stanbic Account.

The borrower should have funds to meet the following costs 

  • Stamp Duty +/- 3% 
  • Conveyancing Fees +/- 4% 
  • VAT 15% of the conveyancing fees 
  • Sundries 
  • Bond registration costs +/- 4% of bond value 
  • Valuation fees Up to 1% of loan approved 
  • Facility / Establishment fees 2% once off 
  • Application fees  
  • Loan Protection 
  • Property Insurance