The Housing Loan is ProCredit Bank’s mortgage product for private individuals purchasing, constructing or renovating residential property. It is offered alongside an Offset for Housing Loan option, which lets a customer’s account balance reduce interest charged on the mortgage.
The product sits within a retail range that also includes consumer loans, salary overdrafts and auto loans, served through the bank’s branches and mobile banking app.
What's good
- Offset feature can reduce interest cost
- Covers purchase, construction and renovation
Trade-offs
- Requires property as collateral
- Rates published only after assessment
