Zimbabwe
Home Construction
Build your dream Home with our flexible 5 year plan home construction Loan.
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
The plan can assist you in the following situations;
- Buy a serviced, titled stand and build on it
- Already owning a serviced, titled stand and need financial assistance to build on the stand
-
Strategic Partnerships with suppliers of building materials
-
Assists you to access quality materials and promotional benefits being offered at the time of transaction
How to get it
- Visit any Stanbic Bank branch near you to apply.
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
Terms and conditions
- Letter from your employer stating position, employment status and period of 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.
-
What you get
-
How to get it
-
How much it costs
-
Terms and conditions
The plan can assist you in the following situations;
- Buy a serviced, titled stand and build on it
- Already owning a serviced, titled stand and need financial assistance to build on the stand
-
Strategic Partnerships with suppliers of building materials
-
Assists you to access quality materials and promotional benefits being offered at the time of transaction
- Visit any Stanbic Bank branch near you to apply.
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
- Letter from your employer stating position, employment status and period of 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.