We all dream of owning our own homes. At Standard Chartered, we are committed to helping you turn that dream to reality. If you are over 21 years old, and are in full-time employment, come and talk to us about a mortgage solution to help you achieve your dream of home ownership.
- Outright purchase of a house/ flat for residential purposes
- Equity release: This means you can cash out up to 50% of the value of your existing property.
- Balance transfer with or without Cash out: Allows you to transfer your mortgage to us and enjoy our competitive terms. You can also get the benefit of a cash-out depending on the value of your property
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Higher amount of up to ZWL1,000,000.00
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Longer loan tenure period of up to 20 years
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Competitive Interest Rate of 25% (subject to macro-economic environment)
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Minimum down payment of 30%
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Only available for properties in Harare, Norton, Chitungwiza, Ruwa and Christon Bank
- Zimbabwean citizens,
- Non-resident citizens with salaries domiciled in Zimbabwe
- Minimum age 21
- Salaried customers meeting all the specified requirements
- Employees and Directors of reputable companies
- Professionals and Consultants who earn a regular monthly income and are purchasing a residential property for owner occupation
- Completed and signed application form
- Certified copies of last 3 month’s pay slips
- Certified letter from employer stating terms of employment
- Certified copy of ID / passport
- Sale agreement
- Certified copies of bank statements for 12 months
- 3 colour passport-sized photos
- Copy of title deed
- For a mortgage transfer, mortgage statement for the last 12 months
- Application fee ZWL100
- Facility arrangement fee: 2.5%
- Conveyancing fees ( approximately 1-6% of property value)
- Bond registration (approximately 1-6% of loan amount)
- Property insurance (approximately 0.1% of property value per annum)
- Mortgage protection insurance (approximately 0.1% of the loan amount per month)
- Valuation fees (approximately 1% of property value, depends on where property is located)
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Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.
Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.
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