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Personal Loans for Home Loan Deposits
This Personal Loan product is specifically structures for Property Buyers that wants to buy residential properties but do not have a cash deposit or transfer cost for the property they are buying.
This Product is exclusively available to clients that apply for a new home loan through Mortgage Plus.
The documents required in order to apply are as follows:
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The completed bond application form from us. |
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Bond approval from us |
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ID Copy |
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1 Month latest bank statements |
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1 Month latest pay slip |
Product: |
Classic loan |
Premier loan |
Primary use: |
General |
General |
Loan amount: |
R2,000 - R20,000 |
R10,000 – R120,000 |
Term (months): |
12-48 |
24-60 |
Price: |
Risk Based NCA regulated (up to NCA Max) |
Risk Based NCA regulated (up to NCA Max) |
Initiation fee/Upfront Admin Fee: |
The minimum of (15% principle debt or R150 + 10% of (loan amount - R1000) or R1000) * 1.14 (incl. VAT) NCA max rule |
The minimum of (15% principle debt or R150 + 10% of (loan amount - R1000) or R1000) * 1.14 (incl. VAT) NCA max rule |
Insurance: |
R4,25 / R1000 + R14,95 per month |
R4,25 / R1000 + R14,95 per month |
Service Fee: |
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Monthly Admin: |
R57 (incl VAT) |
R57 (incl VAT) |
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