About a New Home Loan
How do I know if I qualify for a home loan?
Take a moment to use the Calculator which will give you a good indication of the various qualification criteria. Otherwise call one of our specialist consultants on 0860 2 4 6 8 10 - they will be happy to assist you
What will my monthly repayments be?
Take a moment to use the Calculator which will give you a good indication of the various qualification criteria. Otherwise call one of our specialist consultants on 0860 2 4 6 8 10 - they will be happy to assist you.
What do I need to apply?
We offer a simple step-by-step process. Please click here for details.
What interest rate will you charge me?
Interest rate is set based on many variables – most of which are determined by the client. How much deposit can you afford to put down towards the purchase? Typically, a larger deposit will qualify you for a lower interest rate. There are many more options to consider than just the interest rate when choosing the best home loan product for you. And the interest rate may be different depending on the option you choose. The best way is to take the time to make an application. No one application or set of circumstances is the same. We prepare a no-obligation proposal for you to consider. Why not call a specialist consultant on 0860 2 4 6 8 10 and get your proposal under way.
What documentation do I need?
What fees can I expect to pay?
What are the lending criteria for non-residents?
Specific Requirements for Non-resident:
- 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!)
- 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.
- 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.
- A statement of foreign assets & liabilities must be made available.