Home loans

What is it?

We understand that buying a house is more than an investment… it is a place to call home and create memories that will last a lifetime.  If you are looking to buy your dream home, our home loans can help you to achieve your goal. 

What does it offer me ?

  • An extended repayment period of up to 20 years gives you access to higher loan values with affordable monthly repayments
  • The maximum loan you qualify for depends on how much you can afford to repay - up to a maximum of 35% of your monthly income
  • We will finance up to 90% of the property’s assessed value
  • Short-term insurance and life assurance are compulsory
  • A loan origination fee of 1% of the loan amount is charged
  • A deposit of 10% is needed (for equity release, outright purchases, refinancing) and 20% (for building loans).


What do I need to apply?

Our home loans are available to both Stanbic and non-Stanbic customers aged between 21 and 55 years.

Visit your nearest branch with the following supporting documents and fill in an application form:

  • Your latest pay slip or proof of income
  • A copy of your NRC, passport or driver’s licence
  • A valuation report from bank-approved valuators
  • A letter from your permanent employer
  • Proof of employment and address
  • Six months’ bank statements for non- Stanbic account holders
  • Two passport-size photos
  • Marriage certificate (for joint applicants)
  • Certified copy of title deed
  • Letter of offer (for outright purchases and building).


For more info:

Call our Home Loans Unit on +260-211-370000 or email  [email protected]

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