Home Loans

Home Loans available at Wizard Blacklisted Home Loan for all people South African or not, Quick Approvals, Good Terms and Conditions. Apply Now

Wizard Blacklisted Home Loan

Wizard Financial Services assists home buyers in the process of applying for a home loan to all the major banks in South Africa in order to get you the right home loan at the best possible interest rate.

Whether buying or renovating a property, our advice and services are free to the home buyer. We have extensive industry knowledge and experience enabling us to fast track negotiations with the banks. Our passion and determination drives the application process and gets your loan approved.

Wizard is a wholly owned subsidiary of oobalink (Pty) Ltd, which is a member of the ooba group. We pride ourselves on the fact that our business partners, including banks, rate Wizard among the best quality service providers in the mortgage origination industry. With our primary focus on mortgage origination and offering additional financial products and services, our model is driven by a network of owner-operated franchises and expanded through a network of franchise-linked sales offices.

Wizard Blacklisted Home Loan offers you

  • Free home loan application services
  • Quick and easy home loan applications
  • Useful tips and advice
  • Information on the documentation required by the banks
  • Guidance through the home buying process, keeping you up to date on the progress of your application

The Wizard Blacklisted Home Loan BOND process

When purchasing your property there are many parties involved, namely, the seller, the estate agent, the transferring attorney (appointed by seller to transfer the property to your name), the bond attorney (appointed by the bank granting the bond) and the cancellation attorney (appointed by the bank cancelling the bond of the seller). The same attorney could be dealing with more than one or all of the above transactions. You have identified your property and are ready to start! This could have been with the help of an estate agent or a private sale.

Step 1: Purchasing a property

You will sign an offer to purchase at the price that you are prepared to pay. If accepted by the seller, you then need to apply for a bond with a bank to arrange your finance. Wizard will take care of the hassle and apply for the bond on your behalf.

Step 2: Bond Approval

After the loan has been approved, it takes approximately 3 days for the bank to instruct the attorney to proceed with the registration of the bond.

Step 3: Property Transfer

The seller advises the Transferring Attorney to transfer the property. The title deed and cancellation figures are requested from the bank which currently has a bond over the property. A statement of rates and taxes is requested from the local authority.

Step 4: Bond Attorney contacts Transferring Attorney

The Bond Attorney advises the Transferring Attorney of the amount available for guarantees and requests the draft deed of transfer and guarantee requirements.

Step 5: Cancellation Attorney

The Cancellation Attorney is requested to cancel the seller’s bond upon receipt of a guarantee for the amount owing.

Step 6: Transferring Attorney

The Transferring Attorney receives the title deed and cancellation figures and sends a copy of the deed of transfer and the guarantee requirements to the Bond Attorney. The Transferring Attorney requests the buyer and seller to sign the transfer documents. The buyer pays the transfer costs and the Transferring Attorney then pays the rates and taxes and the transfer duty.

Step 7: Bond Attorney

The Bond Attorney prepares the bond documentation together with the relevant account. The buyer signs the documents and pays the costs. The Bond Attorney prepares and issues the necessary guarantees, forwards them to the Transferring Attorney and prepares the bond documents for lodgement in the Deeds Office.

Step 8: Transferring Attorney

Once the Transferring Attorney has received the guarantees, they are forwarded to the Cancellation Attorney.

Step 9: Cancellation Attorney

The Cancellation Attorney obtains consent to cancellation from the bank which holds the seller’s bond.

Step 10: Documents prepared for the Deeds Office

On completion of compilation of the documents by the attorneys, the documents are lodged simultaneously for registration. After +/- 10 working days from being lodged, the transaction is usually registered.

Step 11: Deeds Office

After receipt of the documents, the Deeds Office checks the documents before they are ready for registration.

Step 12: Bank pays out the loan

On the day of registration, the bank pays out the loan in accordance with the guarantees issued. Allow at least 3 months for the registration and transfer of the bond.

Pitfalls that delay the registration of your bond.

  • Failure by the seller and/or buyer to provide personal information
  • Failure by the seller to provide details of the bank holding the existing bond
  • The existing bondholder delaying/not providing cancellation figures and Title Deeds to the Transferring Attorney
  • Delay in receiving rates figures (local authority) and/or clearance certificate(Transferring Attorney)
  • Failure by the buyer to pay a deposit (if required)
  • Delay in the provision of guarantees
  • Failure by the buyer to pay bond and transfer costs on time
  • Delay by the seller in signing the transfer documents
  • Delay by the buyer in obtaining government capital subsidy approval/employee subsidy documents for new bondholders and failure to comply with other requirements of the bank
  • Delay by the buyer in signing transfer and/or bond documents when the Bond Attorney, Transferring Attorney and Cancellation Attorney are three separate firms

Whether you are looking for a bad credit or non blacklisted home loan, the application process is easy and very simple.

Documentation Required when applying:

  1. Green bar coded South African ID. (If you are South African).
  2. Latest 3 months bank statements.
  3. Latest salary advice (Payslip).
  4. List of all monthly expenses.
  5. Proof of residence.

Take Note:

  • Also make sure you have a valid banking account in which your salary gets paid.
  • Applicants should be over 21 years of age.
  • Be permanently employed.

These sub prime lenders specializes in home loans for people with bad credit, so in addition they charge higher interest points than a traditional lender. Compare your given rates as online mortgage rates can differ with as much as 5%. On the long run, this adds up to thousands. So before deciding on which lender you are going with, first make sure to compare, examine and analyze them. A good way to do this is to find an online mortgage loan website. This is a convenient way of comparing rates and quotes. Again, take a look around this page !

If you really do want to get into a new home, don’t allow bad credit to stop you. All it takes is some persistence since there are loads of sub prime lenders out there that can help you. All you need to do now, is follow through! Apply for your bad credit home loan today.

Contact  Wizard Blacklisted Home Loan

info@wizard.za.com

Wizard Home Loans providing assistance to Blacklisted People wanting loans to buy houses!

Need a Home Loan? Bond Credit Home Loan for the Blacklisted are there to help. They apply on your behalf even if you are blacklisted. High Approval Rates. Apply Now!

Bond Credit Home Loan for the Blacklisted

Every month we process over 3,000 home loan applications and our service has one of the highest bank approval rates. Best of all is that our service costs you nothing because we get paid by the banks only if your application is approved and you accept the deal. Let a home loan professional assist you with your application to speed up and improve your chances of success. Use the form below to get started.

  • Our service is free to you.
  • We’ll secure you the best possible rate.
  • We’ll do most of the paperwork for you.
  • We’ll submit your application to all the banks.
  • Highest approval rates in the industry.
  • 91% Approval rate on first time applications.
  • Pre-approval applications welcome.

About Bond Credit Home Loan for the Blacklisted

As one of South Africa’s leading bond originators we process thousands of applications every month and we look forward to assisting you get into your dream home. We understand your needs, and our professional and highly skilled bond consultants will help structure and secure the very best loan for your needs.

We submit applications to all of the major banks on your behalf which means that we do all the hard work for you. And because your application through us is all done online there is no paperwork and no filling in multiple applications.

Once you are ready to proceed with your application, simply fill out the form on our website and one of our consultants will get in touch to help you get started.

Even though we are not directly affiliated with any banks, we’ll submit your application to all of the banks and negotiate the best possible rate for you. Our service costs you absolutely nothing because the banks pay us a commission which we only earn if we are successful in getting you a loan and you accept the loan. Thats the small print, now submit your application

Contact Bond Credit Home Loan for the Blacklisted

We are here to serve you and always welcome you comments or feedback, so please feel free to get in touch anytime, we’d be happy to hear from you.

We offer our services primarily online via our website and handle all application followups over the phone via our call center, however if you would like to make contact with us outside of these channels, feel free to send us an email:

Postal Address:

Bond Credit
P.O Box 1451
Link Hills
3652

Direct Email:

Email us directly at admin (at) bondcredit.co.za or use the contact form below

National Contact Center:

+27 87 550 1153 ext 1 for home loans (Monday to Friday 9:00 am to 4:00 pm)

Bond Credit Home Loan for the Blacklisted your best bet to own a house!

Get a Home Loan from Capitec Bank known as SA Home Loans, High Approval Rates and Fast Processing. Now called Capitec Bank Home Loan!

Capitec Bank Home Loan

Capitec Bank has concluded a co-operation agreement with SA Home Loans to pilot the introduction of home loans throughout branches in Gauteng for a period and thereafter in the rest of the country, where ever SA Home Loans has the necessary support infrastructure.

Capitec CEO, Gerrie Fourie announced: “We recently embarked on the #AskWhy Campaign and the feedback from our customers was that they wanted the “Capitec simplicity approach” to home loans. In response to this, we entered into an agreement with SA Home Loans to deliver home loans to the market in the simple, efficient way that both our client service models are well-known for”.

“The offer will be piloted in 160 Capitec branches in Gauteng from the 7th of July and will be rolled out to the rest of the country in due course. Capitec’s in-branch consultants will assist with the application and initial approval process where after customers will be contacted by a dedicated SA Home Loans consultant within one business day to guide them through their full evaluation and registration process.” Fourie said.

Fourie added that Capitec Bank signed the cooperation agreement with SA Home Loans because the company had a good “cultural fit” with Capitec. Founded in 1999, SA Home Loans is a fairly young company that takes a fresh approach in the marketplace by offering a non-traditional, quick, easy, transparent and personalised service. “The core company values and customer focus of SA Home Loans aligns with that of Capitec Bank,” said Fourie.

“The fit between our Companies creates a powerful platform to broaden consumers’ access to home finance,” added Kevin Penwarden, SA Home Loans CEO.“Both companies are 21st century entrepreneurial success stories, both founded with a similar ethos: to offer SA consumers a greater choice of quality, differentiated financial services.As the smaller niche player, SA Home Loans brings a client-focused, single product expertise, whilst benefiting from Capitec’s extensive and rapidly growing distribution reach and client base”.

The product will be the same as that which is currently offered by SA Home Loans, and will be available to new bond applicants as well as Capitec clients with existing home loans who would like to benefit from switching their bond to SA Home Loans. “Whilst this boosts our product offering and brings us closer to becoming a one stop solution for clients, the agreement expands distribution for SA Home Loans through most of our over 630 branches,” Fourie said.

Fourie said the home loan offering was one of a number of innovative, simple and transparent solutions Capitec were currently developing to meet customer needs, as part of the bank’s journey towards offering a full banking product range for individuals.

Fourie also announced a partnership with Spark ATM Systems, South Africa’s premier independent ATM deployer, to roll out freestanding Capitec-branded ATMs in retail spaces across South Africa . Withdrawal fees will be the same as other Capitec ATMs, at R4,60 per withdrawal irrespective of the amount withdrawn.

Fourie said ATM and branch numbers were being expanded as this received the most queries on the Capitec Facebook page. “This year customers will see a big increase and we’ve already increased our ATMs by 364 and our branches by 69 in the past year. Many of our branches got a makeover, and we moved more of our ATMs to places where customers shop, such as malls, which are also safer. We have also increased the numbers of till points where customers can draw cash to 4 374, while keeping the cost of withdrawals low at R1.05. We are however still encouraging our customers to swipe for free or do paperless banking via our remote banking options like Internet Banking or Mobile Banking.”

1. Variable Home Loan

Here are the benefits of a variable home loan:

  • Interest rate is variable and is tailored to your risk profile.
  • Flexible term up to 20 years.
  • Switch to SA Home Loans and benefit from the Quick Cash option before registration: get up to R75 000 in cash within 72 hours (or up to R150 000 as soon as you’ve signed your bond documents) to use as you please.
  • Access surplus funds on the value of your property, through a variety of further lending options after your home loan is established.
  • Switch, free of charge and at any time, to our Interest Only product.
  • In-house insurance options available: bond protection and home owner’s cover.
  • Terms and conditions apply. All product options are subject to our credit policy as amended from time to time.

2. Interest Only Home Loan

Here are the benefits of an Interest Only home loan:

  • Flexible instalments – pay only the interest every month, or a little more – you decide.
  • Gives you the flexibility to adjust the home loan instalment to meet your cash flow needs.
  • Reduce the interest paid on your loan with:
  • Monthly instalments that includes capital, OR
  • once-off capital payments when you have funds available
  • Choose to revert to a standard instalment, which includes capital repayment, when you wish to do so (switching to our standard home loan is free of charge).
  • Full settlement is required at the end of the loan term.
  • If you hold a Variable Home loan – you can switch to this Interest Only option free of charge.
  • Access surplus funds on the value of your property, through a variety of further lending options after your home loan is established.
  • Switch, free of charge and at any time, to the variable interest structure.
  • Paperless and effortless in-house insurance options available: bond protection and home owner’s cover.
  • Terms and conditions apply. All product options are subject to our credit policy as amended from time to time.

3. Edge Home Loan

Here are the benefits of an Edge home loan:

  • Ideal for clients who want to buy ‘up’ now – knowing their income will grow to match their repayments.
  • Pay the interest only for the first 36 months – the lowest instalment possible.
  • At the end of 36 months, the loan reverts to a standard variable loan over 240 months, with all the same benefits and features.
  • No capital payments at the end of the term – your home is fully paid off.
  • You still have the flexibility of paying off capital in the first 3 years if you choose (for example, by fixed monthly debit order), reducing the capital balance and thereby saving you interest.
  • Unique in the market – no other home loan product offers these features and low initial instalments.
  • In-house insurance options available: bond protection and home owner’s cover.
  • Terms and conditions apply. All product options are subject to our credit policy as amended from time to time.

To Apply for Capitec Bank Home Loan

Call 0860 2 4 6 8 10 and talk to a consultant who’ll explain the options for you.

FAQs about the Capitec cooperation agreement with SA Home Loans:

1. How do I apply for a home loan through Capitec Bank?

Talk to your Capitec branch consultant about applying for a home loan through SA Home Loans. The Capitec consultant will do a quick credit check and if you qualify, will refer you to an SA Home Loans consultant, who will contact you within one business day. A dedicated and friendly SA Home Loans consultant will assist you with your home loan application process all the way to the end, to ensure that you have a simple, easy and stress free experience acquiring your own home. The entire SA Home Loans application process has been streamlined for efficiency, allowing customers to have their bond application processed and approved within five working days.

2. How does the SA Home Loans offer fit into the current Capitec offer?

The SA Home Loans product forms part of the Capitec Bank credit offer and a credit ticket will be issued to the customer once entering a branch.

3. Which documents will the customer require?

All formal documentation will be requested by the SA Home Loans team, who will contact the customer within one business day from applying in the Capitec branch. The customer will need to indicate that they have signed an offer to purchase before the application can be processed. An offer to purchase is a written contract setting out the terms under which a buyer agrees to buy a home and is a document that is generated by the estate agent dealing with the sale.

4. Does the SA Home Loans applicant have to be a Capitec client?

No, the service will be available to any customer.

5. How will customer support work for home loan applicants?

Customers can visit a Capitec branch or contact the Capitec Client Care Centre to track the progress of their application. Existing SA Home Loan clients who wish to query their loan will need to talk to the SA Home Loans team directly.

Do you want a home loan? or simply a home improvement loan. The Apply NOW for a  REAL PEOPLE Home Loan of up to R100,000.  Find out how to apply now.

What is REAL PEOPLE Home Loan?

A home improvement loan is a loan which is intended to finance your home improvement needs. This could be anything from adding an additional room, new kitchen fittings, new tiling, a new coat of paint, or even a new gate or fencing.

REAL PEOPLE Home Loan

Apply for a Home Improvement Loan from any REAL PEOPLE participating hardware and get a loan of between R1000 – R100 000.

Why should I choose it?

Our value of “sustain-ably improving lives” is at the core of everything that we do – from the products that we package for you, to the selection of the retailers with whom we have agreements with to make your dream of improving your home a reality. We partner with you on your journey through life. We are a purpose-led organisation that recognises the unique challenges and opportunities people face in their lives. We share our expertise to create brighter futures, through the responsible provision of financial services and products. We drive financial wellness, and are a platform for growth, sustainability and improvement.

Benefits

Our home improvement loan offers you great benefits:

  • Loans – from R1000 up to R100 000
  • Flexible repayment periods of up to 48 months
  • A quick and easy application process
  • Credit life insurance which covers you in case of death, disability and retrenchment
  • No deposit required

Convenience:

  • You choose where you want to purchase your home improvement materials from any one of our many participating stores countrywide
  • Once your loan is approved, your materials are delivered to your selected address and you can start enjoying the process of transforming your home into what you want it to be!

How does it Work?

Follow these 6 easy steps and make improving your home a reality:

Step 1:
You decide on what improvements you want to make to your home, for example, adding an additional room, new kitchen fittings, new tiling, a new coat of paint, or even a new gate or fencing

Step 2:
Visit www.forrealpeople.co.za and get pre-approved* for your loan

Step 3:
Once you are pre-approved for your loan, visit your nearest participating store OR you can apply for your loan from any one of our partner stores. Remember to take the following documents with you:

  • Valid SA ID (permanent or temporary) or driver’s license
  • Your most recent pay slip
  • 3 months bank statements (if you are self-employed)

Step 4:
Choose what you want to buy from one of our partner store

Step 5:
Your loan is processed while you wait and checks and approvals* are done in 1 day. Once your loan is approved, the money is paid directly to the hardware retailer (Store) in order to pay for the home improvement material that you have selected.

Step 6:
After receiving confirmation that the payment has been made, the consultant at the store will make arrangements with you to deliver your materials to your home.

To Qualify

Visit your nearest participating store today and ask about the Real People home improvement loan.

You can apply if you:

  • Are permanently employed, self-employed or employed under contract
  • Earn a salary of at least R2000 per month and have your salary electronically deposited into a bank account
  • Are between 18 and 64 years old

* All loan applications are subject to final credit approval. Terms and conditions apply.

To Apply

You can apply for your loan in any for REAL PEOPLE participating stores.

Remember to take the following documents with you:

  • Valid SA ID (permanent or temporary) or driver’s license
  • Your most recent pay slip
  • 3 months bank statements (if you are self employed)

PLEASE NOTE: All loan applications are subject to final credit approval. Terms and conditions apply.

Contacts

Telephone number: 0861 10 17 24

Email: helpdesk@realpeople.co.za

Fax: 086 772 2001

Compliance

Telephone number: 043 702 4600

Real People Assurance

Telephone number: 086 111 4803

Email: realinsurance@realpeople.co.za

OR for claims: realinsuranceclaims@realpeople.co.za

Fax: 086 623 4080

Real People Cellular

Telephone number: 086 111 2889

Email: mobilesupport@realpeople.co.za

REAL PEAOPLE home loan is the easiest way to home ownership and improvements, get it today!

Apply for an FNB Online Home Loan today if you really need to own your own house. Only 13 steps available to the final move from where you are into your new home. TRY

With FNB Online Home Loan you get

  • General knowledge on your property
  • A dedicated Home Loans team
  • Property reports on your area
  • Detailed characteristics of your area

Getting Started with buying a home – Check List

Get your paperwork together. To ensure a hassle-free application, please have the following documentation ready when applying for a home loan from FNB.

Regarding a bond for first time buyers and existing home loans, the following is required:

Required documentation for all applicants:

  • Valid South African ID or passport and a copy thereof
  • A copy of your spouse’s ID or passport, if married
  • Proof of current residential address (i.e. municipal account, Telkom account or valid TV license)
  • Employer’s physical address and telephone number
  • Marriage certificate
  • Pay slip
  • Offer to Purchase
  • Required documentation for existing Home Loans

If you have an existing home loan, we will also require the following information:

Six months statements on the existing home loan if you have a home loan with another financial institution
Existing home loan account number for existing customers
The registration number of the Company, Trust, Close Corporation, if applicable

Getting Started with FNB Online Home Loan

FNB can help you in the process of buying a home with our step by step guide and friendly service.

Step One: Buying A Home

So, you’re in the market for a new home. It’s an exciting step and there is nothing like a brand new space to call your own. Before your search begins, FNB Online Home Loans would like to ensure that your journey to home ownership is a smooth one. Here are some guidelines to help you every step of the way.

Know what you want

  • Do some house hunting homework first!
  • Know what size suits your needs and give good consideration to your choice of area. Think about accessibility to work, public transport, schooling and other amenities. Remember location really matters!

Step Two: Do your sums

Know exactly how much you can afford. It’s not just the instalment you’ll be paying – you need to include insurance (homeowners, household and life) and municipal costs in your budget. Use our Monthly Repayment Calculator to see how much you’ll need on a monthly basis, to cover the bond. After that you need to add the additional costs to this figure.

Step Three: Banking on a budget

A home loan for first time buyers can be difficult to understand, so contact an FNB Online Home Loans consultant on 087 730 11 44 or visit your nearest branch You could go online to do an affordability assessment to find out exactly how much credit you can access for your new home.

Step Four: Putting down a deposit

You may need to put some of your own money on the table before you can buy a house. Depending on your financial situation, some of our home loan products allow you to qualify for larger home loans without paying a deposit.

Step Five: The Right Package

FNB has a wide range of financial products tailored to meet your individual requirements. It’s important to choose a Home Loan package that works for you.

Step Six: Plan for additional costs

Be aware of other once-off costs that you will have to pay, over and above the deposit. These include initiation and administration fees, legal costs, bond registration fees and VAT/Transfer Duty.

Step Seven: Begin the search

There are a number of factors to consider when determining the initial amount to offer on a home:

Sale price of similar houses in the neighbourhood for the past year or so will give you a good estimate of current market value. The estate agent will assist you with this information.

View our Property Barometer for advice.

Mood of the market and the neighbourhood. In a seller’s market, the houses sell fast and sellers get close to the asking price. In a slow market situation, or where the house has been in the market for a while, or when the seller needs to sell quickly, the responsibility to negotiate for a good price after the initial offer has been made lies in the buyers hands.

The general condition of the house is also an important pricing factor. Information concerning things that need to be done in or around the building must be taken into consideration when making a price offer.

Step Eight: Know what you are buying

View as many properties as possible. Make comparisons. Make a short list. Sleep over the short list. Do not guess or assume anything. Ask the seller or estate agent as many questions as you can until you are totally satisfied. Viewing the selected property several times will assist in final decision making. It is your responsibility to ensure that a prospective home will not require excessive future maintenance. You are allowed to question the reason for selling and the number of other sales taking place in the area.

Step Nine: I like it! I want it!

The decision has been made! It’s now time to think about signing an offer to purchase with the seller and to complete your home loans application. Ask for assistance on 087 730 11 44, or apply online or contact your nearest FNB branch.

Make sure you have the following documents on hand:

  • Proof of income
  • A South African bar-coded or Smart Card identification document
  • Copy of offer to purchase
  • Proof of current residential address (municipal account, Telkom account or valid TV licence).
  • Salary earners: most recent salary slip or banking statement for the last 3 month’s, a letter from your employer which will be followed by a telephone confirmation to your employer.

FNB Customers do not require a statement

Once the bank has received all the relevant documentation, the approval process begins. The bank will need to do a valuation of the property being purchased to ensure that it is of value and that the bank is willing to finance it. The home loan approval process can only be efficient if all the correct documents are provided. The estate agent will assist you in completing an Offer to Purchase. This makes the offer formal. It includes an offer price, closing date and financing information.

Step Ten: Tracking your Home Loan

Once approved, the bank instructs the bond attorney to begin registering the bond.
The seller will advise the Transferring Attorney to transfer the property. Title deeds and cancellation figures are requested from the bank currently holding the bond. A rate clearance is requested from the local authorities/municipality.

The Bond Attorney contacts the transferring attorney and advises the amount available for guarantees. They then request the draft transfer deed and guarantee requirements.
The cancellation attorney is requested to cancel the seller’s bond on receipt of a guarantee for the outstanding amount.

Once the transfer attorney has received the title deed and cancellation figures, the buyer and the seller sign the transfer documents. The buyer pays the transfers costs to the Transferring Attorney.
The Bond Attorney prepares the bond documents and the buyer signs these documents and pays the cost.
The Bond Attorney lodges the documents at the deeds office.
The deeds office receives the documentation and checks it before being registered.
This process can take about three months from the date of approval.

Step Eleven: Signing on the dotted line

Before a Home Loan is granted, your financial position and credit record will be checked. The bank will pay out the loan on the day of registration.

Once the legal documents are signed, the transfer fees paid and the seller of the property paid, the deed is done. You can congratulate yourself because you are now a proud owner of your new home!

Step Twelve: Living up to your responsibilities

Make your bond payments on time. It is vital that you do not miss a single monthly repayment, as the interest owing on the loan will increase and you’ll end up paying more than necessary. Debit orders are a good way of preventing late payments. If you have trouble making payments, inform the bank as soon as possible.

Step Thirteen: Save thousand on your Home Loan

By boosting your monthly installments, you can make huge savings on interest and pay off your Home Loan in double-quick time.

Step Fourteen: The big move!

Moving into your new home is an exciting experience, but it can also be overwhelming. Here are some tips to help you settle in faster.

  • Change address with all relevant parties and specific authorities. You can get a ‘Change of Address’ form from the Post Office to make the necessary changes.
  • Remember to sort out your utilities (water and lights) connections.
  • Locate your nearest emergency services: closest hospital, local police station, etc and record their numbers.
  • It’s a good idea to meet your neighbors and find out about any initiatives in the area to combat crime, etc.
  • In case of an emergency, make sure you know where to find the main shutoff valve for water, the fuse box and any other important switches.
  • HOC and insurance cover will be in place from date of transfer or occupation.
  • Always plan a budget for other expenses like maintenance and repair, service costs such as security alarm, gardening services and any other home emergencies
  • Every building has a life cycle, which means your home will require major repairs at some point. Repairs must be expected and planned for. Set aside an emergency fund to deal with unexpected problems ranging from major repairs to illness and job loss.
  • Live within your budget. Prepare a monthly budget and stick to it. You should monitor your spending every month and evaluate your progress in meeting your financial goals.

Repayment Options

Stable Repayment Choice
If you have a small amount of extra money, then you can make a repayment amount that is greater than the required monthly instalment. Your debit order will be adjusted accordingly.

Advanced Repayment Choice
In this case, you have adequate money available and no matter what happens to interest rates, you opt to pay a specific additional amount every month.

Visit us for assistance with your home loan requirements.

Fixed Rate Option
Fixing your FNB Home Loan interest rate will give you the freedom to budget better regardless of interest rate increases.

How long can I fix my rate for?
12, 18, 24, 36, 48 and 60 months

Benefits of a fixed rate

Having the peace of mind of knowing exactly what your monthly bond repayment will be over a set period,
Allow more stability to budget more effectively, irrespective of future interest rate hikes, and
Protect your return on investment from interest rate increases.

Who is it best suited for?

  • You prefer regular payments with no surprises,
  • You have limited or fixed income,
  • You plan to keep the property for a period of time.

Fixed interest rate termination charges

Should you take up the fixed interest rate option and decide to terminate the agreement prior to the maturity date, you will be liable to pay a fixed interest rate early termination charge of up to three months interest or a pro rata amount where termination occurs within the three months preceding the agreement maturity date.

Example 1: Full 90 days interest
Outstanding Balance: R 500 000
Fixed Interest rate: 12% p.a. compounded monthly
Days of interest: 90 days (Maximum of 90 days or lesser thereof, if fixed rate contract is approaching maturity)
Cancellation Fee: R 14 723.45

Example 2: Pro rata 60 days interest
Outstanding Balance: R 500 000
Fixed Interest rate: 12% p.a. compounded monthly
Days of interest: 60 days
Cancellation Fee: R 9 863.01

Contact FNB Home Loans

Visit any FNB Branch for details or Tel: +27 87 730 1144
Email: homeloans@fnb.co.za

FNB Online Home Loans, how can we help you?