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Submission: On November 04 via api from US — Scanned from DE
Effective URL: https://personal.nedbank.co.za/borrow/home-loans.html
Submission Tags: falconsandbox
Submission: On November 04 via api from US — Scanned from DE
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* Personal * Private * Wealth * Business * Corporate * Search * Log in * Bank Manage your money Explore Bank Accounts Credit cards Greenbacks Digital banking Switch to Nedbank Fraud awareness Forex * Save & Invest Grow your money Explore Save & Invest Accounts Investment services Share trading * Borrow Achieve your goals Explore Borrow Personal loans Home loans Student loans Overdrafts Vehicle finance Solar finance Debt assistance * Insure Protect what you love Explore Insure Life cover Funeral cover Short term insurance Credit Life Travel insurance Business cover Secure investments * Plan Plan your wealth Explore Plan Financial planning Estate, wills & trust services Nedbank Private Wealth Speak to a financial adviser * Help Centre We're at your service Explore Help Centre Chat to Enbi Contact us Find a branch Read our blog We use cookies to improve your experience. This is how you can manage your cookie settings. Ok We use cookies to improve your experience. This is how you can manage your cookie settings. Ok HOME LOANS – SIMPLIFIED Looking to buy, build, or upgrade your home? Whatever your property needs, we're here to help from beginning to end. Track/Complete application Apply now WHAT WOULD YOU LIKE TO DO? BUY Finance your dream home BUILD Start from the ground up or renovate SWITCH Move your home loan to Nedbank MANAGE Review your existing home loan FURTHER LENDING Access money from your existing home loan OUR TOP OFFERS RENEWABLE-ENERGY FINANCE To finance a renewable energy solution for your home, you may: * Apply for a new home loan of up to 110% and use the extra 10% to cover the cost of the energy solution. * Use the extra funds that you have saved in your NedRevolve facility. * Apply for a readvance or further loan on your existing bond. * Switch your loan to Nedbank to access our renewable energy solutions. Find out more FIRST-TIME HOMEBUYER We'll finance up to 109% if you are a first-time homebuyer to cover these upfront costs: * Attorney registration fees. * Property transfer costs. Find out more BUYING ANOTHER HOME Enjoy all the usual perks plus an additional discount on your interest rate: * Get up to 50% off on your attorney fees. * Get 0,25% off on your interest rate if you are a Nedbank client. * Get an additional 0,50% off on your interest rate if you take up another home loan with us. Find out more WORK OUT WHAT YOU CAN AFFORD UP FRONT TO GET THE PROCESS STARTED 1. Affordability 2. Bond repayment 3. Bond and transfer costs TELL US HOW MUCH YOU EARN AND WE'LL GIVE YOU AN ESTIMATED LOAN AMOUNT. Your monthly gross income R *This is your salary before taxes and deductions. Please enter a minimum of R2,500.00 Total monthly expenses R The total amount you spend on living expenses every month. Calculate your monthly expenses Choose your loan repayment term 20 years 5 years 30 years * 60 * 120 * 180 * 240 * 300 * 360 Estimated loan amount R0 Estimated monthly repayments R0 Once-off costs R0 Current interest rate 11.5% Explore rate 11.5% 3% 18% The interest rate is based on the current prime lending rate in South Africa. Please note that your interest rate will be based on factors such as your credit score and the size of your deposit. See cost breakdown Get pre-approval BOND REGISTRATION COSTS DESCRIPTION Bond registration costs The fees you pay the bond registration attorneys for the service of registering your bond over the title deed of the property. Deeds office fee You pay this fee to the deeds office to cover the registration of the bond. PROPERTY TRANSFER COSTS DESCRIPTION Transfer costs You pay this fee to the transferring attorneys to cover the costs of transferring the property into your name. Deeds office fee You pay this fee to the deeds office to cover the transfer of the property into your name. Transfer duty Transfer duty is a tax levied on the value of the property, and is payable to the South African Revenue Service (SARS). You don't pay transfer duty on properties of less than R1,1 million. BANK INITIATION FEE DESCRIPTION Bank initiation fee (including VAT)* This is a fee the bank charges you to process your home loan application and it is prescribed by the National Credit Act. All fees and costs include VAT Done Get pre-approval CALCULATE HOW MUCH YOU SPEND ON YOUR MONTHLY EXPENSES Return to affordability calculator Please add what you spend, where applicable. Household expenses R Utilities R Credit and loan repayments R Health and insurance R Entertainment R Phone and data R Education R Travel R Additional expense Remove Expense type The amount you spend monthly R Add additional expense Total monthly expenditure R0 Add to my calculation cond condValue debtBuffer expenseBuffer debtStress expenseStress surplusBuffer LESS_THAN_EQUAL_TO 10000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 15000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 20000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 25000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 30000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 40000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 45000 0 0 0 0 0.7 LESS_THAN_EQUAL_TO 50000 0 0 0 0 0.7 GREATER_THAN 50000 0 0 0 0 0.7 cond condValue minMFixedAmount minPercentage bandMMinimum LESS_THAN_EQUAL_TO 800 0 1 0 LESS_THAN_EQUAL_TO 6250 800 0.0675 800.01 LESS_THAN_EQUAL_TO 25000 1541.67 0.09 6250.01 LESS_THAN_EQUAL_TO 50000 3375 0.082 25000.01 GREATER_THAN 50000 5425 0.0675 50000.01 Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our calculations are only examples of how interest rates and fees can affect your repayments. The 30-year bond term option is subject to credit approval and available only to qualifying clients in line with our lending policies. Our transfer and bond cost calculations are also estimates. YOUR MONTHLY REPAYMENTS WILL BE BASED ON YOUR HOME LOAN AMOUNT AND REPAYMENT TERM. Purchase price R This is the value of the property you are looking to buy. Deposit (optional) R This is the amount that you would like to pay upfront. Choose your loan repayment term 20 years 5 years 30 years * 60 * 120 * 180 * 240 * 300 * 360 Monthly instalment R1,066.43 Deposit R0.00 Once-off costs R21,412.00 Current interest rate 11.5% Explore rate 11.5% 0.25% 27.5% The interest rate is based on the current prime lending rate in South Africa. Please note that your interest rate will be based on factors such as your credit score and the size of your deposit. See cost breakdown Get pre-approval BOND REGISTRATION COSTS DESCRIPTION Bond registration costs R7,400.00 The fees you pay the bond registration attorneys for the service of registering your bond over the title deed of the property. Deeds office fee R527.00 You pay this fee to the deeds office to cover the registration of the bond. PROPERTY TRANSFER COST DESCRIPTION Transfer costs R7,400.00 You pay this fee to the transferring attorneys to cover the costs of transferring the property into your name. Deeds office fee R47.00 You pay this fee to the deeds office to cover the transfer of the property into your name. Transfer duty R0.00 Transfer duty is a tax levied on the value of the property, and is payable to the South African Revenue Service (SARS). You don't pay transfer duty on properties of less than R1,1 million. BANK INITIATION FEE DESCRIPTION Bank initiation fee (including VAT)* R6,037.00 This is a fee the bank charges you to process your home loan application and it is prescribed by the National Credit Act. All fees and costs include VAT Done Get pre-approval Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our calculations are only examples of how interest rates and fees can affect your repayments. The 30-year bond term option is subject to credit approval and available only to qualifying clients in line with our lending policies. Our transfer and bond cost calculations are also estimates. CALCULATE YOUR BOND REGISTRATION AND TRANSFER COSTS. Tell us more about the property you are buying Purchase price R Enter the purchase price. Deposit (optional) R Enter the deposit amount you would like to pay. Total once-off costs R21,412.00 Deposit R0.00 See cost breakdown Get pre-approval BOND REGISTRATION COSTS DESCRIPTION Bond registration costs R7,400.00 The fees you pay the bond registration attorneys for the service of registering your bond over the title deed of the property. Deeds office fee R527.00 You pay this fee to the deeds office to cover the registration of the bond. PROPERTY TRANSFER COSTS DESCRIPTION Transfer costs R7,400.00 You pay this fee to the transferring attorneys to cover the costs of transferring the property into your name. Deeds office fee R47.00 You pay this fee to the deeds office to cover the transfer of the property into your name. Transfer duty R0.00 Transfer duty is a tax levied on the value of the property, and is payable to the South African Revenue Service (SARS). You don't pay transfer duty on properties of less than R1,1 million. BANK INITIATION FEE DESCRIPTION Bank initiation fee (incl. VAT)* R6,037.00 This is a fee the bank charges you to process your home loan application and it is prescribed by the National Credit Act. All fees and costs include VAT Done Get pre-approval Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our transfer and bond cost calculations are also estimates. If you are planning to buy property in a new development, some costs may be included in the price. Ask the seller or estate agent for the details of these costs, or check your sales agreement. UP TO R20,000 CASH BACK Get up to R20,000 cash back on the value of your home loan when you apply online, on the Money app or through our contact centre. Find out more FUTURE PROOF THE POSSIBILITIES HomeVision allows you to register a higher bond upfront, giving you access to extra funds, which you may need in future. Find out more OUR HOME-BUYING TOOLKIT For your convenience, you can use our Home-buying Toolkit on the Money app or online to get pre-approval, apply for a loan, search for properties and get free property reports. Find out more WHAT TO EXPECT WHEN APPLYING FOR A HOME LOAN 1. SUBMIT APPLICATION If we need more information to process your application, we’ll let you know. 2. AFFORDABILITY CHECK We’ll look at your affordability to see if you’ll be able to cover the monthly repayments on the loan amount you need. 3. PROPERTY ASSESSMENT We’ll conduct an assessment to make sure that the property value is sufficient as security for the loan you need. 4. LOAN OFFER If the credit and property assessments are a success, we'll send you a home loan offer, which you will need to accept. 5. THE LEGAL STUFF If you accept the loan offer, we’ll appoint an attorney to assist with the conveyancing process. You’ll need to sign the necessary loan documents and pay the relevant attorney fees, then the attorneys will complete the process by lodging your bond with the Deeds Office. 6. REGISTRATION If the deeds office is satisfied, your bond will be registered and you'll become the legal owner of your home. FEES AND BOND SETTLEMENT A CLEAR FEE STRUCTURE We keep our fees as low and transparent as possible so that you always know what you are paying for. More details in our pricing guide. Download pricing guide SETTLEMENT AND CANCELLATION Settling your home loan is a huge financial achievement. To guide you through it, here's everything you need to know about the legal process. Find out more READY TO APPLY? Get started LEARN MORE ABOUT BUYING PROPERTY See all HOME LOANS: DO YOU NEED PREAPPROVAL? Here’s why it’s good to get a preapproval before you go house-hunting. By Staff writer Published 26 Jun 2024 in property Read 4 mins HOME LOANS: DO YOU NEED PREAPPROVAL? Here’s why it’s good to get a preapproval before you go house-hunting. Staff writer Published 26 Jun 2024 Read 4 mins RATES VERSUS LEVIES: DON’T GET CONFUSED It all comes down to the kind of home you buy. By Staff writer Published 25 Jun 2024 in property Read 2 mins RATES VERSUS LEVIES: DON’T GET CONFUSED It all comes down to the kind of home you buy. Staff writer Published 25 Jun 2024 Read 2 mins WHAT DO YOU NEED TO QUALIFY FOR A HOME LOAN? Being fully informed and prepared is the only way to apply. By Staff writer Published 10 Jul 2024 in property Read 4 mins WHAT DO YOU NEED TO QUALIFY FOR A HOME LOAN? Being fully informed and prepared is the only way to apply. Staff writer Published 10 Jul 2024 Read 4 mins ALL THE COSTS INVOLVED IN SELLING YOUR HOUSE When working out the profit from selling your house, don’t forget the seller’s costs. By Staff writer Published 11 Jul 2024 in property Read 3 mins ALL THE COSTS INVOLVED IN SELLING YOUR HOUSE When working out the profit from selling your house, don’t forget the seller’s costs. Staff writer Published 11 Jul 2024 Read 3 mins SHOULD YOU BUY A REPOSSESSED HOUSE? Buying a repossessed property could help reduce the cost of home ownership. By Staff writer Published 26 Jun 2024 in property Read 3 mins SHOULD YOU BUY A REPOSSESSED HOUSE? Buying a repossessed property could help reduce the cost of home ownership. Staff writer Published 26 Jun 2024 Read 3 mins HOW INTEREST RATES AFFECT YOUR HOME LOAN PAYMENTS Choosing a variable or fixed interest rate on your home loan makes a difference. By Staff writer Published 25 Jun 2024 in property Read 2 mins HOW INTEREST RATES AFFECT YOUR HOME LOAN PAYMENTS Choosing a variable or fixed interest rate on your home loan makes a difference. Staff writer Published 25 Jun 2024 Read 2 mins BENEFIT FROM EQUITY YOU’VE BUILT IN YOUR HOME LOAN Your home loan can help you meet other financial goals. By Staff writer Published 08 Jul 2024 in property Read 3 mins BENEFIT FROM EQUITY YOU’VE BUILT IN YOUR HOME LOAN Your home loan can help you meet other financial goals. Staff writer Published 08 Jul 2024 Read 3 mins WHAT YOU NEED TO KNOW ABOUT INVESTMENT PROPERTY Investment property can reap dividends, but you need to know what it involves. By Staff writer Published 24 Jun 2024 in property Read 5 mins WHAT YOU NEED TO KNOW ABOUT INVESTMENT PROPERTY Investment property can reap dividends, but you need to know what it involves. Staff writer Published 24 Jun 2024 Read 5 mins WHAT TO KNOW BEFORE YOU APPLY FOR A HOME LOAN Being informed makes house-hunting easier. By Staff writer Published 26 Jun 2024 in property Read 1 min WHAT TO KNOW BEFORE YOU APPLY FOR A HOME LOAN Being informed makes house-hunting easier. Staff writer Published 26 Jun 2024 Read 1 min NEDBANK GROUP CONNECT WITH US BANK WITH US LEGAL About us Investor relations Nedbank suppliers News and insights Careers Contact us Join the bank Get debt assistance Manage application Promotions Nedbank blog Need help? Chat to Enbi 2024 rates and fees Digital banking Switch to Nedbank Log in to Online Banking Fraud awareness Unclaimed balances Depositor insurance Dormant accounts Code of Banking Practice FAIS Conflict of Interest FATCA and CRS FICA PAIA Privacy Notice Terms and conditions NEDBANK GROUP About us Investor relations Nedbank suppliers News and insights Careers CONNECT WITH US Contact us Join the bank Get debt assistance Manage application Promotions Nedbank blog Need help? Chat to Enbi BANK WITH US 2024 rates and fees Digital banking Switch to Nedbank Log in to Online Banking Fraud awareness Unclaimed balances Depositor insurance Dormant accounts LEGAL Code of Banking Practice FAIS Conflict of Interest FATCA and CRS FICA PAIA Privacy Notice Terms and conditions Nedbank Ltd Reg No 1951/000009/06. Licensed financial services provider (FSP9363) and registered credit provider (NCRCP16) * * * * *