Nedbank offers a range of flexible home loan solutions built to help you buy the home you have always dreamt about.

With us, your dreams will find a home

There will come a time, when you want to own a place that you call home. It might be because you’re planning to start a family, your family is growing, or to reduce the costs of renting. Whether you are building your own home or buying an established property, you are investing in your future wealth and security needs. Your home could well become the foundation of financial independence for you and your family, and is normally an experience that should result in an exciting change in lifestyle.

At Nedbank Lesotho we are committed to helping you with all the support and assistance you will need. We are also dedicated to managing your home loan with you for ease.

Our Personal Bankers will advise you on how to go about getting a Home Loan, and also on what to look out for when making this life changing decision.

Making the decision

A house is an important long term investment and like any investment you would like it to add value to your life, and to have a good return. In making the decision to buy or build a house there are key points that you should consider:

  1. Obtain as much information as possible prior to making this decision, including trends in the property market, best places to buy or build, requirements and provisions for financing, and opportunities for restructuring your home loan for further investments.
  2. In applying for finance ensure that you obtain the best advice. When it comes to financing your new home, Nedbank will be by your side throughout as your reputable advisor and banking partner.
  3. As a conscientious financier, Nedbank stipulates that your monthly home loan repayment should not exceed 40% of your individual or joint net monthly income. This is so that your home loan is easy to manage and live with.

Requirements for Home Loans

Buying an Existing House

  • Offer to Purchase / Sell a House
  • Certified copy of a valid Passport
  • Proof of income e.g. payslip
  • Confirmation of employment stating terms and conditions of employment
  • Deposit of at least 10% of total loan amount (For bonds in excess of M 1 million, higher deposit may be required)
  • *Valuation of the property (valuation should not be older than six months)
  • Approval from the owner of property that allows access to Bank Valuators to do their own valuation of the property
  • A lease document in the name of the seller for *Bond registration Purposes and change of ownership (Applicable after loan/finance approval)
  • Home Loan application form
  • Life assurance policy equivalent to the required loan/finance.
  • House owners insurance

Building Loan

  • Proof of stand purchase (Lease)
  • Approved building plans and building permit
  • Certified copy of a valid Passport
  • Proof of income e.g. payslip
  • Deposit of at least 10% of total loan amount (For bonds in excess of M 1 million, higher deposit may be required)
  • Three quotations from different contractors
  • Homeloan Application Form
  • Permission from applicant for the bank to enter site from time to time to do evaluation
  • Life assurance policy equivalent to the required loan/finance.
  • House owners insurance (on completion of property)

* For a building loan applicant must use a bank approved valuer and assessor
* Legal costs for bond registration are at cost to client, and will depend on the value of the loan

Moving into your new home

When you’re ready to move into your new home, at Nedbank we recognize that there are special items and furniture that you may want to purchase for your new home, to give it that personal touch. To help you through this time, you can consider a Nedbank Personal Loan, or an Overdraft facility on your Nedbank cheque account.

Throughout; your decision to buy, application and approval of your home loan, and getting into your new home, Nedbank will partner with you for:

  • Completing all the necessary documentation timeously;
  • Ensuring that your home loan is processed in a professional and efficient manner;
  • Assisting you to effectively manage and securing your home loan as a long term investment, and to grow should the need arise

So, when your life changes and the time is right to buy or build a new home, consult your nearest Nedbank Branch or call +266 22312696.

Terms and conditions apply.

With us, your dreams will find a home