No, the results are indicative only. The interest rate used in the calculation is a guideline and your actual rate may differ based on your specific credit profile and financial criteria. Furthermore, while the tool estimates Bond Registration and Initiation Fees, it does not include Homeowners or Credit Life insurance premiums, which are standard requirements for the loan.
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For a smooth and stress-free experience, always verify SA Home Loans branch and consultant details here on our official website. Remember, we’ll never ask for any fees or monies to be paid upfront.
What is Equity Unlock?
Owning a bond-free home is a significant achievement. Whether you’ve paid off your home loan, bought your property in cash or came to own it another way, you’ve built or acquired something valuable.
Equity Unlock gives qualifying homeowners with a bond-free property the opportunity to access some of the value held in their home, without having to sell it.
Rather than seeing this as starting again, think of it as putting an asset you already own to work for your next important goal.
Since home loans are secured against property, they generally offer lower interest rates than unsecured credit such as personal loans, and may offer lower rates than vehicle finance for example. This means Equity Unlock could offer a different way to think about financing some of life’s bigger needs, subject to qualification and affordability.
The value in your home could help you invest in the things that strengthen your financial future:
What could Equity Unlock help you achieve?
Improve your home
Renovate, add space or make improvements that could increase your property’s value or reduce its running costs.
Invest in education
Help cover school fees, university costs or other educational opportunities.
Consolidate expensive debt
Bring qualifying higher-interest debts together using secured home finance, potentially reducing the interest rate you pay.
Purchase a vehicle
Explore an alternative way to finance a second-hand vehicle or even help your child with a car for university.
Build something new
Put funding behind a business opportunity or another asset that could contribute to your longer-term financial future.
Start by understanding what may be possible
Your home may be more than the place you live. As a bond-free homeowner, it is also an asset that could give you greater financial flexibility.
Use our refinance calculator to get an indication of what may be possible based on your property:
Your refinance calculation results
Thank you for using our refinance calculator on our website. Here is your estimated repayments if you’d like to access cash from your bond-free home.
Estimated property value
R0
Cash Out
R0
Repayment term (years)
0
Gross monthly income
R0
Income type
Property currently used as
Capitalise fees?
Yes
Home loan amount
R0
Estimated monthly instalment
R0
Cash out
R0
Interest rate
0%
Bond registration fees
R0
Initiation fee
R0
Total fees (payable upfront)
R0
Total fees included in Home Loan
R0
You’ve spent years investing in your home through repayments, maintenance and care. Now that your home loan is paid off, your property could help you take the next step towards the life you want.
Our Home Loan Specialists can help you understand your options and explore how Equity Unlock could make your home’s value work harder for you.
Using your home’s value for the right things
Your home is an important asset, so accessing its value should be a considered financial decision.
Equity Unlock is intended to help qualifying homeowners invest in their future, strengthen their financial position or acquire and improve meaningful assets.
Our Home Loan Specialists can help you understand the costs, risks and options so that you can make an informed decision about whether Equity Unlock is right for you.