Product Features
- Maximum Loan Amount: BWP 10,000,000.00
- Residential loans interest rate: Prime to Prime plus 4.5 %)
- Residential Property Loans are repayable in 25 years
- Free hold land repayable in 7 years subject to dev covenant
- Home improvements, Equity release, refinancing, loan consolidation
- Urban Areas – up to 100% & Semi-Urban Areas – up to 90% OVM
- Allows Surety bond for married persons
Banks own valuers and attoneys allowed
Entry Requirements
- Certified copy of National Identity card/ Omang, resident/work permit, passport (non-citizens)
- Latest payslip
- Two month bank statement ( for those with Motheo, or 3 months for new clients)
- Utility Bill/ proof of residence
- Letter of confirmation from employer
Pricing
- Residential loans interest rate: Prime to Prime plus 4.5 %)
- Repayment Period: up to 25 years
- Urban Areas – up to 100% & Semi-Urban Areas – up to 90% OVM
How do I apply for an Homeline Property Loan?
1
Step 1
Confirm with the bank on how much you qualify for.
2
Step 2
Fill and sign application forms or fill in the form online. Please download supporting documents.
3
Step 3
Submit the signed forms together with account opening documents at a BSB consultant for processing. A transactional account is mandatory for loan processing.
4
Step 4
After 12 hrs a loan will be approved and funds transferred into your BSB transactional account.
