Owning your own home is a dream shared by all people. At SwaziBank, we help you open that door into your new home. Whether you are an aspiring first time buyer or want to improve your existing home or simply want to own a piece of land, SwaziBank offers you a comprehensive package, tailor-made to suit your individual needs.
To help you choose a package that best suits you, SwaziBank offers a number of options:
Applicants will be required to put a binding pledge over their withdrawal benefits on pension in terms of Section 19 of the Retirement Funds Act of 2005. Alternatively, freehold property with a determinable value can be used as security for rural housing loans.
Loans will be granted to eligible employees under these conditions:
For your own safety and that of your family, your building structure will be inspected by the bank’s professional Building Inspector to ensure that proper building standards are met.
You may also employ an independent professional Architect to supervise the structure on your behalf to avoid stress.
This is afforded to clients involved in commercial projects (rural and urban places) on meeting the following requirements:
All residential housing loans financed by the Bank should be covered under Mortgage Protection Policy and House-owners insurance.
This is insurance cover against death. It gives you a peace of mind in that your outstanding home loan gets paid up without foreclosing on your property in the event of death.
This is insurance cover for private dwelling houses and domestic outbuildings (buildings only). It provides protection and indemnity against fire, housebreaking, bursting of water tanks or pipes as well as natural disasters like storms.
The Bank finances the cover for both insurances in-house and incorporates premiums in the loan’s monthly repayments.
If you have a mortgage loan with SwaziBank and you have repaid a portion of the capital, you may apply for Silulu Personal Loan facility on the capital already repaid.
If a client has property, which is free of any bond, and needs a personal loan facility, SwaziBank will consider their loan application under Silulu portfolio and register a bond against the property.