With an FNB Home Loan, you get the finance you need when purchasing a residential property, as well as other facilities and options to suit your requirements.
Call me back Learn moreApply for 105% mortgage finance if you have never owned a property before and get up to 100% financing of the full purchase price and a further 5% of the open market value or purchase price (whichever is less).
A first bond application provides finance for a fully-built property located within urban and peri-urban areas with access to specific infrastructure.
Perfect for when you are building a new home or making improvements on your existing property.
A vacant land application is submitted when you require finance for a portion of land where no building exists. You must meet the qualifying criteria for vacant land finance.
Ensure your loved ones are looked after when you are no longer around.
An insurance policy that covers the risk of retrenchment is a requisite for the bank advancing the loan.
Learn about the charges associated with buying a house and who is liable for them.
Telephone the contact centre on 0800 302 302 or +267 395 9881.
Email your relationship manager at premiumservices@fnbbotswana.co.bw or visit your nearest branch.
Purchase price deposit
This is a payment made to secure the property. The amount will be stated in the Offer to Purchase contract and varies according to the property value.
Attorney bond costs
A fee that is paid by a customer to the attorney to register a mortgage bond in favour of the bank. This amount varies as per the legal conveyancing fees schedule.
Attorney transferring costs
A fee that is paid to the attorney nominated by the seller to transfer ownership of the property. This amount varies as per the legal conveyancing fees schedule.
Transfer duty and VAT
This government tax, which you need to pay is based on the purchase price or the open market value of the property, whichever is higher.
In property sales, either transfer duty or VAT will be applicable depending on whether the seller's line of business is property trading. Transfer duty is not applicable in respect of tribal land however the transaction may attract VAT, depending on the type of seller.
Depending on whether or not a purchaser is a citizen or non-citizen, transfer duty is charged as follows; whether one is a first-time property buyer. If so, one is exempt from payment of transfer duty for the whole value of the property.
If not a first-time buyer, the person will be exempt from payment of transfer duty on the first P1 million of the open market value of the property or the purchase price, whichever is higher. For anything over and above P1 million, 5% transfer duty is charged. Non-citizens pay 30% of the purchase price.
Initiation fee
A fee charged by FNB to process your home loan application. See annual pricing guide for details. FNB will debit this fee to your home loan on registration.
Valuation fee
A fee paid by you to the valuers nominated by the bank to do an evaluation on the house for a home loan application where the fee is regulated by REAC. This amount varies as per the REAC fees schedule.