With a Yoma Bank Home Loan, buying your perfect home is as easy as turning the key. Inquire at your local Yoma Bank branch and let our financial experts guide you through our easy application process.
Our skilled Home Loan Specialists will guide you every step of the way.
Minimum Down Payment
Pay only 30% down on your new Home Loan
Flexible Loan Terms
With loan terms up to 25 years, take as much time as you need to repay.*
*Maximum loan terms vary depending on property type
Our Home Loan Specialists will guide you through our easy application process and, most importantly, help you get the very best terms for your new loan.
1. Get pre-approval – Contact your nearest Yoma Bank branch to begin a discussion with our Home Loan Specialists about your loan needs. Together, we will determine what kind of loan is right for you, including the interest rate, down payment and monthly payments.
2. Find your new home – After determining what kind of loan you qualify for and acquiring a Home Loan proposition from Yoma Bank, start researching and exploring potential properties that fit your budget.
3. Contact the seller and prepare documentation – After finding your perfect home, contact the seller and begin filling out the required forms and documents.
4. Submit your application – Apply for your Home Loan by submitting the necessary documents at one of our Yoma Bank branches. Our Home Loan Specialists will proceed with the asset valuation, inspection of the property and your income statement. You can expect to hear a response from us within two to three weeks.
|Land and Building, condo and mini-condo, up to 25 years loan term||30% down payment|
|Apartment, up to 15 years loan term||30% down payment|
|Interest Rate||10% per annum|
|Interest Rate for 50% down payment||8% per annum|
|Processing expenses covering assessor and lawyer fees||1.5% of the approval loan amount|
|Penalty ( late fee )||3.5% per month on past due principal|
|Early repayment fee ( if paid within first 3 years )||3% on the outstanding principal balance|