DreamStart is a home loan aimed at making home finance more accessible to the entry level income earners.
That is, those earning a single or joint income of between R1 500 and R6 000 a month, excluding housing subsidies or allowances.
Who can apply for a DreamStart home loan?
You can apply for a DreamStart home loan if
- You earn a joint income of between R1 500 and R6 000 a month and want to buy a home
- You are building a new home
- You are looking to move to a bigger or better home
Taking your first steps
- A personal interview will be conducted with you where you will be guided through the home buying process, information will be shared with you,
and an affordability calculation will be done
Features
Life assurance
Repayment methods
To make your monthly repayments easier, you can pay your instalment through a debit
order directly from your account. If you do not have an account, ask your Standard Bank consultant about opening an E Plan account and arrange
for your salary to be deposited in this account.
Interest
The interest rate that we charge for lending you
money is based on your circumstances. You will be advised of the repayment and interest rate that will apply to your account in your Letter of
Grant. If you pay your minimum home loan instalment on time every month, you may qualify for a reward after two years and again after three years.
AccessBond
If you pay more than your monthly instalment every month, you will lower the amount of interest
you have to pay and will pay your home loan off faster. You will have to apply for this facility and meet certain qualifying criteria.
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