The Standard Bank Home Loan

Standard Bank is famous for simplifying the home loan process for its customers. All you have to do is check the internet to find horror stories of what people had to endure to get a home loan. But with Standard Bank, you will never have to go through the ordeal that these other customers were subjected to. In fact, all Standard bank customers will tell you about how good their experience has been with this lender and there is no reason why you shouldn’t join their ranks.

You can choose to buy a house which is already constructed or build your own home with the Standard Bank home loan. They would like to meet the home loan requirements of every customer and so have several customized plans to suit the needs of the most discerning customer. You also have a choice when it comes to the application of the loan, you can head to their local office or use the internet and save the cab fare.

Most people who look for home financing discover to their dismay that these loans rarely cover 100% of the cost. But since buying a home can go into the tune of several thousand of dollars even a small percentage can mean a big strain on your pocket. So most customers will resort to taking the loan being offered which will cover about 80% of the cost and then take a second loan to make up for the difference.

Standard Bank is far ahead of its competitors in this regard and offers loans that cover up to 95% of the cost which is far better than what the other backs are offering. Since most of them never go beyond 80% you will land up paying the 20% difference where as with Standard Bank you will only have to pay 5%. This makes Standard Bank home loans more affordable and even customers who don’t have the means to make up for the 20% difference can go for home loans immediately instead of waiting for a few years.

Even though the coverage offered by them is not mandatory yet the benefits are so great that you will certainly want to opt for it. You also have a choice here you can choose the level of protection that you need and want instead of submitting to the dictates of the financial institution, an approach that most other banks follow. Your cover will protect you against eventualities such as death in the family, disability or debilitating illness. The protection goes a long way in giving you and your family the peace of mind that you deserve. The premium is calculated on the basis of the outstanding loan amount. So the premium amount will decrease in proportion to the outstanding loan amount.

Standard Bank enjoys a good reputation in the home loans market. They make it a point to continuously upgrade their products and services so that they can offer the maximum benefits even to their existing customers. For instance if a particular customer wants to refinance to get a lower interest rate or needs to change the duration of the loan it can easily be done at Standard Bank. Their mantra is flexibility so that the customer feels comfortable when doing business with them. They also have a very high loan approval rate and most customers who approach them for a home loan walk out with one