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Documentation required

Use this list to make sure you have all the correct documentation to apply for your home loan. 


If you are an employed individual:

  1. Proof of income: your latest salary slip. If you earn commission or overtime, please provide the latest 3 salary slips (for both applicants if applicable)
  2. Latest 3 months personal bank statements (for both applicants if applicable).
  3. Personal assets & liabilities statement for loan amounts over R1 500 000.
  4. Copy of your ID document (for both applicants if applicable).
  5. Copy of marriage certificate or ANC contract (if applicable).
  6. Copy of the purchase agreement.*
  7. Latest 3 months bond statements.**
  8. Latest rates/levy statement/utility account statement.**

* Only required for clients that are applying for a New Purchase loan from SA Home Loans.
** Only required for clients that are switching their existing home loans with SA Home Loans.

 

If you are a self-employed individual:

  1. Proof of income: letter of drawings from an accountant (for all applicants if applicable)
  2. Latest 6 months personal bank statements (for all applicants if applicable)
  3. Personal assets and liabilities statement
  4. Latest 6 months business account bank statements
  5. Latest 2 years' annual financial statements

    Where annual financial statements are older than 6 months to date, current management accounts not older than 2 months signed by the applicant and accountant must be provided in addition to the annual financial statements.

  6. Copy of your ID document (for all applicants if applicable)
  7. Copy of marriage certificate or ANC contract
  8. Copy of registration documents or trust deed
  9. Copy of purchase agreement*
  10. 12 months bond statements**
  11. Latest rates/levy statement/utility account statement**

* Only required for clients that are applying for a New Purchase loan from SA Home Loans
** Only required for clients that are switching their existing home loans to SA Home Loans

 

What are the lending criteria for Non-Residents? 

  1. The loan amount may not exceed 50% of the purchase price of the property. (The Reserve Bank rule is that for every rand you bring into the country, they will lend you a rand!)
  2. The buyer must obtain consent from the Reserve Bank prior to the transaction being finalised. The application to the Reserve Bank can only be handled by an appointed dealer which includes the commercial banks.
  3. Proof must be provided that the funds for the deposit emanate from the country of origin, which can be done by the attorneys involved in the property transfer.
  4. A statement of foreign assets & liabilities must be made available.

 

*Terms and conditions apply to all products. The availability of lending products is subject to our credit policy as amended from time to time.

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