Home Loans News: Standard Chartered Bank
The SA mortgage industry is attracting a lot of interest from international banks who are keen to put pressure of the BIG FOUR – FNB, ABSA, STD and NEDBANK – by introducing better home loan products and services.
Standard Chartered Bank (SCB), an international bank from the UK, has been around for a short while. Although SCB have only begun to chip away at the home loans pie, they have plans to grow even further.
Standard Chartered Bank are planning to increase their influence and presence in the local home loan market by growing their current market share from 1% to 5%.
According to a report in the Business Day, SCB is plans to focus its energy on growing their personal loans and home loans products in South Africa.
Chris Louw, CEO of Standard Chartered South Africa told the Business Day that initially SCB will be focusing on mortgages and personal loan and from there develop the right strategy.
Currently SCB are offering one Home Loan product, which offers highly competitive interest rates. For more information about Standard Chartered Bank home loans complete your details on this short form and a consultant will assist you further.