Standard Bank Home Loan

 
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JumpStart - First Time Home Buyers
 
JumpStart gives home buyers the opportunity to buy a home even when they cannot afford the deposit and upfront costs.
 
If you are a cash-strapped home buyer, then your most important requirement is to find the money for the deposit, the transfer cost and the bond registration costs. JumpStart helps you by offering a higher loan to assessed value of your property - a maximum loan to value (LTV) of 108% is allowed.
This means you can include costs like a deposit, transfer fees and bond costs in your loan, which makes it easier for you to own your first home.
There are a number of product options available - you choose which option best suits your circumstances and lifestyle. However, not all the options allow you to include all your costs.
 
Qualifying Criteria
  • All homebuyers who want to include bond costs single or joint income must be R6,000-00 or more a month
  • Permanent employment
  • You need to be 18 or older

Exclusions:
A JumpStart Home Loan will not be available for the following loan types:
  • business loans
  • commercial loans
  • vacant land
  • customers who have a single or joint income of less than R6,000-00 a month
    Home loans in the name of a close corporation or a company; home loans in the name of a trust; and switches from other banks (even if it is your first home loan).
 
 
DreamStart
 
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?
  • If you earn a joint income of  R1 500 - 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
 
 
Standard home loan  
   
For most of us, a home is the biggest and most significant investment of our lives. It's more than just shelter. It's where we raise our families.
Standard Bank home loans offer you a number of choices, including fixed and variable rate options as well as a range of benefits that allow you to select the right loan for your needs. 
 
 
Ordinary Loan
 
Our ordinary home loan gives home buyers the opportunity to buy a home to the maximum value of the property. Home buyers will need to make provision for the upfront bond registration and transfer costs. The maximum loan to value (LTV)of 100% is allowed.
 
 
SecuraRate
 
 
SecuraRate is more than just an interest rate. SecuraRate is a range of interest rate options that caters for your individual needs.
Home loan interest rates can be volatile and are often influenced by Macroeconomic factors, like inflation or currency depreciation.
SecuraRate, designed to provide you with a degree of certainty by "guaranteeing" you an interest rate over an agreed period of time as selected by you.
 
Why should I choose a SecuraRate option?
 
Buying a home is one of the largest financial commitments you'll ever make. Our range of SecuraRate interest rate options helps give you peace- of- mind when it comes to managing your finances, with an interest rate tailored to your needs.
 
What are the benefits to me of the SecuraRate options?
 
Protection against rising interest rates
Affordability and repayment or instalment security
Depending on the option you choose, you can benefit from further reductions in interest rates
You can still enjoy the benefits of your AccessBond.
 
 
Variable rate
 
When you choose a Standard Bank home loan, you can choose between a variable or fixed interest rate option.
The variable option is a conventional home loan. If interest rates rise or fall, your qualifying home loan interest rate will move accordingly. 
 
 Home loan tip
Avoid paying occupational rent for longer than necessary by settling transfer duties timeously, which will ensure the bond gets registered quicker.
 
Media releases > Media releases 2008 > ICBC finalise R36.7 billion deal
ICBC finalise R36.7 billion deal
 
14 February 2008

Standard Bank and the Industrial and Commercial Bank of China (ICBC) have confirmed that all of the regulatory and shareholder requirements for the transaction between them to proceed had been fulfilled.

This deal will result in ICBC purchasing a 20% stake in Standard Bank, valued at R36.7 billion. The equity investment is the largest foreign direct investment into the country and is a landmark transaction for Africa, South Africa and Standard Bank.

The effective date of the transaction is 15 February 2008. The last day to trade in Standard Bank shares in order to receive the scheme consideration is 22 February 2008. The transaction will be finally implemented on 3 March 2008.

Under the scheme, ICBC will acquire 11.11% of the aggregate issued ordinary share capital of Standard Bank Group from existing Standard Bank Group ordinary shareholders at a price per share of R136.00. Standard Bank will issue new shares for which ICBC will subscribe, which will represent 11.11% of the existing share capital.

ICBC is the Peoples Republic of China's (PRC) leading commercial bank with more than 180 million personal banking customers and 2.5 million corporate banking customers. It has over 16 000 branches and outlets in the PRC and nearly 100 branches in the rest of the world.

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