Home Loan

If you want to buy a new home or re-finance your current home, we offer outright purchase and home-owner loans also known as equity release home loans.

What does it offer me?

Existing customers and new customers can apply for a home loan.
You get flexible principal repayment options – you can pay monthly, quarterly or once or twice a year.
If you are self-employed, the maximum repayment period is seven years.
If you earn a salary, the maximum repayment period is 20 years

What do I need to apply?

You need to earn a monthly net salary of K200,000.00
Your salary must be paid into your Standard Bank account.
Proof that you have been with the same employer for at least 12 consecutive months.
You must give us a letter of introduction from your employer or a copy of your letter of employment if you have been with your employer for less than 12 months.
If you work on a contract basis, we need a copy of your most recent contract.
Your pay slips for the past three months.
You must be a Malawian citizen with permanent residency.
If your Standard Bank account was opened in the past six months, you need to give us six months' copies of your account with another bank.
Proof of your address, such as a recent utility bill or a billing document proving your address.
A filled in home loan application form, which you can get from any of our branches

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