Rural Home Loan
Whether you’re looking at buying your first rural home or upgrading an existing one, we have a home loan solution for you. Repayment is up to 10 years and enjoy highly competitive rates.
10 Years
Maximum Repayment Period
SZL 500 000
Maximum loan limit
Some of the Benefits
Assistance
Help and advice from our team of property experts
Competitive
Enjoy highly competitive rates
Easy terms
10 years to repay your home loan
Easy access
It is fast and convenient to apply for a home loan
How it works
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Minimal equity contribution
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Low as 10% for an outright purchase
-
Affordable monthly repayments may be spread over a period of up to 10 years
-
Offered in a scheme environment
-
Loan to be fully repaid 24 months before retirement
-
Repayment amount cannot exceed 33% of the gross salary
-
Subject to an affordability assessment
-
Combined income considered for couples married in community of property
-
Loan increases or re-advances are considered after 12 months (for property improvements only)
-
Inspection reports required for disbursements
-
Progress updates are required within 60 days of initial disbursement
-
Collateral must support at least 25% of the loan value
-
Potential for continued payments before retirement with approval
-
Compliance with pension fund regulations and guidelines for loan applications
How to get it
To apply for a home loan, visit your nearest Standard Bank branch with the following documents:
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Proof of residence (utility bill)
-
Completed home loan application form
-
Declaration of applicant and authority for trustees to make further enquiries
-
Confirmation letter from the chief’s kraal stating right to occupy land if it is on Swazi National Land
- Pension Fund member
- KYC compliance
- Permanently employed and salaried with Standard Bank
- Proof of employment and pension fund membership details
- House Plan
- Builder quotations
- Construction progress reports with photographs (for completion loans)
- Credit life/Life cover– according to current insurance rates (waived if own insurance is ceded to the bank)
-
How it works
-
How to get it
-
Minimal equity contribution
-
Low as 10% for an outright purchase
-
Affordable monthly repayments may be spread over a period of up to 10 years
-
Offered in a scheme environment
-
Loan to be fully repaid 24 months before retirement
-
Repayment amount cannot exceed 33% of the gross salary
-
Subject to an affordability assessment
-
Combined income considered for couples married in community of property
-
Loan increases or re-advances are considered after 12 months (for property improvements only)
-
Inspection reports required for disbursements
-
Progress updates are required within 60 days of initial disbursement
-
Collateral must support at least 25% of the loan value
-
Potential for continued payments before retirement with approval
-
Compliance with pension fund regulations and guidelines for loan applications
To apply for a home loan, visit your nearest Standard Bank branch with the following documents:
-
Proof of residence (utility bill)
-
Completed home loan application form
-
Declaration of applicant and authority for trustees to make further enquiries
-
Confirmation letter from the chief’s kraal stating right to occupy land if it is on Swazi National Land
- Pension Fund member
- KYC compliance
- Permanently employed and salaried with Standard Bank
- Proof of employment and pension fund membership details
- House Plan
- Builder quotations
- Construction progress reports with photographs (for completion loans)
- Credit life/Life cover– according to current insurance rates (waived if own insurance is ceded to the bank)