Nedbank Home Loans?
Nedbank's residential Home Loan is a flexibale Home Loan that can be tailored
to suit your individual needs. It can be used to finance the purchase of an
established residential property or, purchase vacant residential land.
Features!
- Minimum loan amount - R 100,000
- Maximum repayment to income - 30%
- Term - up to 360 months
- Loan to property value - up to 108%
- Interest rate - fixed or variable interest rate
- NedRevolve - provides you with flexibility and control to
manage your finances more effectively and is an ideal vehicle to
accumulate tax-free savings.
- Further loan without registration (Readvance) - gives you
access to the capital amount already paid off up to the original
loan amount without having to register a new Home Loan.
- Further loan with registration - allows you to register a
second Home Loan to extend or improve your present home.
- Nedbank Accelerated Payments - enables you to pay off your
Home Loan sooner than the term stipulated in your Home Loan
agreement.
- House Owners Insurance (HOC) - protects the bank's interest
and prevents financial loss to both the client and the bank. It
is a condition of every Nedbank Home Loan. The HOC covers the
property and the outbuildings, for example, the garage, swimming
pool, walls, driveway and improvements, for the full replacement
value.
- Loan Protection Assurance (LPA) optional - ensures that your
family is not left to continue meeting the bond repayments in
the event of your death or disability.
Benefits!
- Nedbank's residential Home Loan is a flexible home loan that can be
tailored to suit your individual needs. It can be used to finance the purchase
of an established residential property or purchase vacant residential land.
Discounted Bond Registration
Plus If you make use of our selected transfer attorneys, they will offer you 40% discount on the bond registration costs and their fee on the property transfer.
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