Buying a home is an admirable investment. This process is often complicated and stressful as a first-time buyer. With Nedbank Home Loans however, this process is convenient, transparent and easily accessible. Nedbank acknowledges that this is an important milestone and requires a huge commitment. This is why it offers clients highly informative home loan solutions, including:
The First-time Buyer package
Ordinary Home Loan
Nedbank Owned Properties
If you’re buying your first property Nedbank will guide you through the process, such as considering location, buying within your means, understanding the costs and interest rate changes.
Nedbank’s Ordinary Home Loan is a flexible solution tailored to suit your individual needs. This home loan can be repaid over a period of 25 years with a fixed or variable interest rate.
The Home Vision product allows you to register a bond of more than the required loan amount providing an excess amount that can be accessed at a later stage. This also comes with a repayment term of up to 25 years. Another option made available by Nedbank, is the Nedbank owned properties (NOP,) which are properties that have been bought by Nedbank at a public auction and are available for sale to the public. An advantage of this option is that there is no transfer duty payable, which is a substantial cost saving.
Nedbank Home Loans repayments are offered from 12, 24 and 60 month fixed rate periods. A monthly repayment includes a Basic Instalment, Home Owners Insurance (HOC) premium if applicable, a Loan protection Assurance (LPA) premium if applicable and a monthly service fee payable for administering your home loan amount.
The Ordinary Home Loan also provides a further loan without registration of a new home loan (Readvance) which gives you access to the capital amount already paid off up to the original loan amount. A further innovation is the Ned Revolve which gives you access to a part of the loan that has been repaid in excess of the prescribed minimum monthly instalment.
Contact the Nedbank Contact Centre here: 0860 555 111. Alternatively, complete a call-me-back form.