Sainsbury's Bank

Due to the fact that our customers are not the same, everybody has a different job description and salary package; their home loans won’t be ranked the same.

Everyone will be given a home loan they can afford to pay. This is the reason why we usually want the customer’s salary invoice. It is so that we can give them a package they won’t find too costly.

We do everything in conjunction with the client so that they too, can tell us what works for them as far as their financials are concerned.

Home loan repayment terms

The time taken to pay for your home loan will depend on the amount of money you have chosen and the period of payment. There are five and two year payment periods. The customer can always decide on settling the credit prior to the scheduled date at no extra charge.

This will show a great deal of credit commitment on your side and it might not be a problem approving a home loan for you in the future. As long as you can afford it, we see no problem in approving the mortgage for you.

Sainsbury Bank’s way of giving back

We know that managing your budget after getting a home loan tends to be a bit tricky. We will help you manage your expenses after you have taken a home loan with us. This is our little way of helping our customers with their credit plan so that they are able to differentiate between needs and wants.

What’s even better is the fact that we don’t wait for you to ask us to assist. It is an automatic facility that we administrate as soon as your home loan application has been approved.

Taking such a big step in buying a home is not one decision to be taken lightly. We have a number of useful guidelines that customers can make when buying a property.

We have put these guidelines so that customers don’t find them in difficult situations where they have made a costly mistake. If you are uncertain about something, don’t rush to make a decision. Alternatively, you can also call one of our agents and they will help you through the process of ensuring that you make good and effective decisions regarding your home loan.

Repair your credit score

It will take years to have your credit profile in good standing again. If you are not certain that you may meet constant payments, rather don’t apply for credit - this applies to everything from home to car loans and little online loans.

The only time that you should apply for a home loan is when you are sure that you will never miss a payment.

Implications of not paying your home loan

Should you not be able to pay your home loan, your home may be taken away from you. It is for this reason why we emphasize the fact that customers have to be sure that they will pay for the home loan they apply for.

Having your home repossessed is taking you ten steps backwards instead of forward. Our customers should never put themselves in a position that would make their assets or credit profile be subject to serious scrutiny.  At the end of the day, we have our customer’s best interest at heart and this is why we want to ensure that they make fruitful decisions.