A house is more than just an investment – it’s a place to call home and create memories that will last a lifetime.Invest in your future with a Standard Lesotho Bank home loan!  We have simplified the process of buying, building or improving your home with various loan options.

Features and benefits

• Apply for a minimum loan of M100, 000; maximum loan determined by repayment ability
• The loan is payable in a maximum of 20years
• You can apply for the principal increase on your existing home loan depending on the market value of the property
• You can apply for Access Bond on your existing home loan whenever you need access funds.
• You are required to take out home owners insurance on your home loan or cede your own policy with the value equivalent to the amount of the loan, which will give you peace of mind knowing that your loan will be settled in full in the event of death.
• The interest rate is linked to Prime lending rate and based on your risk profile
• When the prime interest rate changes, your minimum repayment amount also changes in line with the prevailing prime interest rate.

Who can apply

You can apply for Standard Lesotho Bank Home Loan provided you:

• Have been permanently employed for a period of not less than 2 years
• Earn a minimum net monthly income as per prescribed terms.
• Are a citizen of Lesotho aged between 21 and 55 years

How to apply

To apply for a home loan, just visit your nearest Standard Lesotho Bank branch with the following documentation:

• your identity document
• proof of income
• your bank account details
• your employer's details
• any existing Standard Lesotho Bank home loan details, if applicable

Documentation for building a house

• Lease
• Properly designed plan
• Building Permit
• Contractor’s quotations (Contractor must submit the following: traders licence, licence from Ministry of Works, Income tax clearance certificate, references)
• Proof of Income
• Identification
• Ministerial consent to mortgage from LSPP
• Down payment
• Where the arrangement is “turn -key”, the builder should provide an audited set of financials and credit reference if necessary

Documentation for purchasing a house

• Lease
• Deed of Sale drawn by the Attorney
• Proof of Income
• Identification
• Down payment

Documentation for Home Improvement

• Refer to requirements under building a house (above)

Access bond

(allows you to redraw on capital repaid up to a set limit, relative to the  registered bond)