Nedbank is one of the top 5 leading banking institutions in South Africa and continues to exceed expectations through adoption of advanced technological processes. It also continues to provide innovative banking products and services, which continue to attract a vast number of the banking population in South Africa. One of these attractions is the Nedbank Home Loans service. Nedbank can assist in the acquisition of a home loan that can finance up to 100% of the client’s intended purchase price. These loans can also be useful for home renovations on existing property. Getting finance to get new fittings for your kitchen or finally getting the opportunity to extend your house has never been easier.
Terms of up to 30 years are offered by Nedbank Home Loans. Bonds can be financed from a minimum of R70 000 and there is no maximum limit. Clients also have the benefit of being able to choose between fixed interest rates or variable interest rates. Additional deposits are welcome, so that clients can save on interest and gave their loan term reduced significantly. There are no penalties. In addition, clients can also register for a second home loan and repayments are done via debit order.
What is required for qualification?
The loan is available to South African residents, with a valid South African I.D or Smart Card.
Individuals need to be earning a minimum monthly salary of R25 000
Individuals must also be able to provide proof of permanent employment
Applicants will also be required to provide a purchase offer letter which has been signed.
For more on Nedbank’s competitive product and services suite, contact: 0860 555 111