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Home Equity

Home Equity

Let your asset work for you through the Stanbic Home Equity Loan. Access up to 50% of the market value of your paid up property.

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
Terms and conditions
  • Confirmation letter from your employer
  • 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 Bank
  • 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.
How much it costs

The borrower should have funds to meet the following costs 

  • Stamp Duty +/- 3% 
  • 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 
How to get it
  • Visit any Stanbic Bank branch near you
What you get

Access up to 50% of the market value of your paid up property to do the following:

  • Buying another property
  • Paying university /school fees
  • Medical bills
  • Start and run an enterprise
  • Restructure your current loans (It frees cash flows as repayments are thinly spread over a long term)
  • Terms and conditions
  • How much it costs
  • How to get it
  • What you get
  • Confirmation letter from your employer
  • 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 Bank
  • 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.

The borrower should have funds to meet the following costs 

  • Stamp Duty +/- 3% 
  • 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 
  • Visit any Stanbic Bank branch near you

Access up to 50% of the market value of your paid up property to do the following:

  • Buying another property
  • Paying university /school fees
  • Medical bills
  • Start and run an enterprise
  • Restructure your current loans (It frees cash flows as repayments are thinly spread over a long term)