FNB Building Loans is an ideal loan for people who want to build a new home or make improvements to your existing one and this loan comes with great benefits. To qualify for the FNB Building Loan you must be above 18 years old, earn R25 001+ per month, with a clear credit record – used only to build.
FNB Building Loan Benefits
The benefits of the FNB Building Loan is that you can build a house using a NHBRC registered builder, buy in selected new residential development, ability to do home improvements on your existing home or new one, FNB will control payout on progress payments as per your instruction.
Qualifying Criteria for FNB Building Loan
As the loan state that it is a building loan so one of the criteria is that the loan must be specifically for build or alter a residential property.
For more information on FNB Building Loan visit www.fnb.co.za or call 087 730 11 33.
Ithala Limited offers a host of Loan products and services, including: Cash Loan products; Home Loan products; Personal Loan products; Commercial Property Loan services; and Home Improvement Loan services.
The purpose of this product is to finance the acquisition of land and buildings or the erection of buildings for new or existing SMME’s embarking on projects with a positive development impact.
Ithala home loan is available to :
SMME’s which will operate from the premises concerned;
Property holding entities with substantially similar shareholding as the operating business;
Developers of properties for rent to SMME’s; or
Developers of properties or infrastructure which will be benefit previously disenfranchised communities.
Term of loan
The loan term is dependent on the productive life span of the asset financed up to a maximum term of 20 years.
Repayment period and Interest rates
The loan repayment period can be structured according to the business specific needs but it is normally repaid monthly.
Security for this finance package may be structured in the form of the mortgage bond.
Standard Bank has an online home loan application facility, which allows you to apply for a new home loan from the comfort of your home or office.
If you are an existing Standard Bank Home loans customer, please take a moment to update your details with us.
Click here for Standard Bank Home Loans Quarterly Report.
Standard Bank Home Loan Jumpstart offering for first time buyers gives you the option of including some of your upfront costs in the home loan amount. This means that you no longer have to worry about frustrating and expensive upfront costs such as transfer duties, attorney fees and other bond registration related costs as we work these into your loan. It is important to remember that the costs will be included in the loan amount you qualify for based on affordability.
Buying a house or building one can be very expensive, With Absa Home Loan you can offered the build or by a house with easy Absa home loan enables you to finance residential property, including vacant land.
A wide range of flexible features and options are available, allowing you to customise and tailor your home loan to suit your specific requirements and unique lifestyle. The Absa Home Loan is the key to your property finance needs.
An Absa Home Loan could be the right choice if you:
Want to buy a home
Would like to build a home
Would like to improve your existing home
Want to use the equity in your home to manage your debt
Would like to use the equity in your home loan to access additional funds
The National Housing Finance Corporation (NHFC) is a development finance institutions established by the South African government to fund and facilitate the development of affordable housing. NHFC’s principal mandate is to broaden and deepen access to affordable housing finance and housing structures for the benefit of the low- to middle-income households.
The NHFC is committed to ensuring that every South African with a regular source of income has access to finance to buy, rent or improve their house. The Corporation’s goal is to enhance the well-being and quality of life of the low- to middle-income households with the security of a home, that is, South African citizens with an income between R1,500 and R15,000 per month.
In the affordable housing sector, through enhanced insights and knowledge, the NHFC plays a multiple role of Innovator, Financier and Facilitator ensuring viable housing finance solutions; sustainable human settlement growth; and mobilisation of relevant partnerships.
National Housing Finance Corp contact details:
Street Address: The Isle of Houghton
Old Trafford 3
11 Boundary Road
Houghton Postal Address P O Box 31376
Tel Number: (011) 644 9800 Fax Number: (011) 484 0204
Email Address: firstname.lastname@example.org
If you need a home loan or a bond then SecuBond negotiate with the banks on your behalf to get you the best home loan or bond deal – not only at good rate, but a home loan or bond that’s structured to suit your financial situation and future needs.
The Bond Process in South Africa
Purchasing a property and applying for a bond can be a very stressful and lengthy process. To help you understand it better we listed below the entire process and who is involved. But to make things easier for you, just fill in our online application form and let one of our consultants take care of it for you. They will guide you through the whole process, making your property transfer as simple as possible.
Repayments of your home loan is very important, knowing how much you will pay is imperative so use our loan repayment calculator to help you figure out how much you will pay when taking a certain amount of a home loan in South Africa.
Benefits of Home Loan Calculator
Help to determine how much they can afford to borrow on a piece of real estate
Home Loan Calculator also help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate
Help determine the change in the length of the mortgage loan by making added principal payments
A Home Loan calculator is an automated tool that enables the user to quickly determine the financial implications of changes in one or more variables in a Home Loan financing arrangement. The major variables include loan principal balance, periodic compound interest rate, number of payments per year, total number of payments and the regular payment amount.