Standard Bank launches Equity Release
Standard Bank launched from this Monday, November 16, a campaign aimed at promoting the "Equity Release" a line of credit, for any purpose, with one of the low and stable rates in the market.
With the "Equity Release", the bank's customers, including companies, individuals and sole proprietors as well as any other interested parties may obtain financing up to 70% of the value of their own property.
The initiative is part of the commitment of the Standard Bank towards improving their customers' lives, by creating more alternatives to meet their financing needs, beyond the usual credit to consumption, Leasing and Housing.
"Equity Release" serves any purpose since expand the business, acquire new properties, among other reasons.
With a maximum payment period of up to 240 months, "Equity Release" offers the unique social advantage of not requiring the beneficiary to pay any instalment, or make a contribution.