Mortgage Finance

The Sterling mortgage finance is available to current account holders with regular monthly income who desire to acquire developed properties.


  • Minimum equity contribution of 20%
  • Up to 15 years tenor (depending on the borrower's current age)
  • Flexible repayment to suit borrower's income
  • Competitive pricing
  • No additional collateral required
  • Joint application by couples is allowed

General Requirement

  • Hand written application letter
  • Duly executed consumer Loan application form
  • Minimum of three (3) months active banking relationship with Sterling Bank
  • Submission of the vendor's offer letter and a clean search report
  • Submission of a recent valuation report by the Bank's approved valuer
  • Customer's Debt Service Coverage Ratio (DSCR) should not exceed 33.33% (i.e. loan installment divided by income)
  • Upfront payment of equity contribution, upfront fees and insurance premium where applicable (i.e. before disbursement)
  • Upfront submission of post-dated cheques for the loan installments, subsequent insurance premium(s) renewal and periodic fees throughout the loan tenor

Contact us