Loading

Do I Qualify?

Minimum Requirements Application Check List
     
Absa client yes/no    
Full Time Employed – All Applicants    
Latest Payslip    
For Overtime to Be used 3 months payslip    
For Commission to be used 6 months Payslip/ Commission Statement    
3 months Latest Bank Statements supporting Income – Non Absa Clients    
Clear Copy of ID Document     
Fully Completed and Signed Offer to Purchase if New Loan    
If Unbonded : Copy of Title Deed    
Schedule of Income and Expenses    
Rental Scheduled if Multiple Properties Owned,    
Must Depict -Institution Held, Current Bond Balance ,Bond Instalment, Rental Received, Perceived Market Valuation
     
     
Self Employed and Other Legal Entities    
Proof of Income eg. Account Letter    
Latest Signed Financials    
Latest Management Accounts     
6 Months Personal Bank Statement    
6 Months Business Bank Statement    
IT34 –  On request from Credit    
Clear ID Copies of Members/ Sureties etc    
Schedule of Personal Income and Expenses    
Rental Scheduled if Multiple Properties Owned    
Must Depict -Institution Held, Current Bond Balance ,Bond Instalment, Rental Received, Perceived Market Valuation
In Addition to the Above:    
Depending On the Legal Entity the Relevant Company/ Trust docs etc are required    
     
     
Building Loan Documentation : New Buildings & Further Building Loans    
Quotation    
Copy of Approved / Provisional Plans    
Building Contract    
Minimum Specifications and Schedule of finishes    
NHBRC Certificate    
Waiver of Builders Lien    
     
     
     
Please note that in addition to the above, credit may request additional information   
     
To Ensure that your Application is Processed correctly, please ensure the relevant Documentation
is Included as it causes delays when applications are incomplete.    
     
The First Fully Completed Application received will Proceed, all other apps will be withdrawn  
Incomplete apps will be withdrawn if the requested information is not received within 2 Days  
     
QUALIFYING CRITERIA 
BOND RATE OF 9.50% OVER 30 YEARS
BOND AMT REPAYMENT MIN INCOME   BOND AMT REPAYMENT MIN INCOME
50,000.00 420.50 1,401.67   740,000.00 6,223.40 20,744.67
60,000.00 504.60 1,682.00   750,000.00 6,307.50 21,025.00
70,000.00 588.70 1,962.33   760,000.00 6,391.60 21,305.33
80,000.00 672.80 2,242.67   770,000.00 6,475.70 21,585.67
90,000.00 756.90 2,523.00   780,000.00 6,559.80 21,866.00
100,000.00 841.00 2,803.33   790,000.00 6,643.90 22,146.33
120,000.00 1,009.20 3,364.00   800,000.00 6,728.00 22,426.67
130,000.00 1,093.30 3,644.33   810,000.00 6,812.10 22,707.00
140,000.00 1,177.40 3,924.67   820,000.00 6,896.20 22,987.33
150,000.00 1,261.50 4,205.00   830,000.00 6,980.30 23,267.67
160,000.00 1,345.60 4,485.33   840,000.00 7,064.40 23,548.00
170,000.00 1,429.70 4,765.67   850,000.00 7,148.50 23,828.33
180,000.00 1,513.80 5,046.00   860,000.00 7,232.60 24,108.67
190,000.00 1,597.90 5,326.33   870,000.00 7,316.70 24,389.00
200,000.00 1,682.00 5,606.67   880,000.00 7,400.80 24,669.33
210,000.00 1,766.10 5,887.00   890,000.00 7,484.90 24,949.67
220,000.00 1,850.20 6,167.33   900,000.00 7,569.00 25,230.00
230,000.00 1,934.30 6,447.67   910,000.00 7,653.10 25,510.33
240,000.00 2,018.40 6,728.00   920,000.00 7,737.20 25,790.67
250,000.00 2,102.50 7,008.33   930,000.00 7,821.30 26,071.00
260,000.00 2,186.60 7,288.67   940,000.00 7,905.40 26,351.33
270,000.00 2,270.70 7,569.00   950,000.00 7,989.50 26,631.67
280,000.00 2,354.80 7,849.33   960,000.00 8,073.60 26,912.00
290,000.00 2,438.90 8,129.67   970,000.00 8,157.70 27,192.33
300,000.00 2,523.00 8,410.00   980,000.00 8,241.80 27,472.67
310,000.00 2,607.10 8,690.33   990,000.00 8,325.90 27,753.00
320,000.00 2,691.20 8,970.67   1,000,000.00 8,410.00 28,033.33
330,000.00 2,775.30 9,251.00   1,100,000.00 9,251.00 30,836.67
340,000.00 2,859.40 9,531.33   1,200,000.00 10,092.00 33,640.00
350,000.00 2,943.50 9,811.67   1,300,000.00 10,933.00 36,443.33
360,000.00 3,027.60 10,092.00   1,400,000.00 11,774.00 39,246.67
370,000.00 3,111.70 10,372.33   1,500,000.00 12,615.00 42,050.00
380,000.00 3,195.80 10,652.67   1,600,000.00 13,456.00 44,853.33
390,000.00 3,279.90 10,933.00   1,700,000.00 14,297.00 47,656.67
400,000.00 3,364.00 11,213.33   1,800,000.00 15,138.00 50,460.00
410,000.00 3,448.10 11,493.67   1,900,000.00 15,979.00 53,263.33
420,000.00 3,532.20 11,774.00   2,000,000.00 16,820.00 56,066.67
430,000.00 3,616.30 12,054.33   2,100,000.00 17,661.00 58,870.00
440,000.00 3,700.40 12,334.67   2,200,000.00 18,502.00 61,673.33
450,000.00 3,784.50 12,615.00   2,300,000.00 19,343.00 64,476.67
460,000.00 3,868.60 12,895.33   2,400,000.00 20,184.00 67,280.00
470,000.00 3,952.70 13,175.67   2,500,000.00 21,025.00 70,083.33
480,000.00 4,036.80 13,456.00   2,600,000.00 21,866.00 72,886.67
490,000.00 4,120.90 13,736.33   2,700,000.00 22,707.00 75,690.00
500,000.00 4,205.00 14,016.67   2,800,000.00 23,548.00 78,493.33
510,000.00 4,289.10 14,297.00   2,900,000.00 24,389.00 81,296.67
520,000.00 4,373.20 14,577.33   3,000,000.00 25,230.00 84,100.00
530,000.00 4,457.30 14,857.67   3,100,000.00 26,071.00 86,903.33
540,000.00 4,541.40 15,138.00   3,200,000.00 26,912.00 89,706.67
550,000.00 4,625.50 15,418.33   3,300,000.00 27,753.00 92,510.00
560,000.00 4,709.60 15,698.67   3,400,000.00 28,594.00 95,313.33
570,000.00 4,793.70 15,979.00   3,500,000.00 29,435.00 98,116.67
580,000.00 4,877.80 16,259.33   3,600,000.00 30,276.00 100,920.00
590,000.00 4,961.90 16,539.67   3,700,000.00 31,117.00 103,723.33
600,000.00 5,046.00 16,820.00   3,800,000.00 31,958.00 106,526.67
610,000.00 5,130.10 17,100.33   3,900,000.00 32,799.00 109,330.00
620,000.00 5,214.20 17,380.67   4,000,000.00 33,640.00 112,133.33
630,000.00 5,298.30 17,661.00   4,100,000.00 34,481.00 114,936.67
640,000.00 5,382.40 17,941.33   4,200,000.00 35,322.00 117,740.00
650,000.00 5,466.50 18,221.67   4,300,000.00 36,163.00 120,543.33
660,000.00 5,550.60 18,502.00   4,400,000.00 37,004.00 123,346.67
670,000.00 5,634.70 18,782.33   4,500,000.00 37,845.00 126,150.00
680,000.00 5,718.80 19,062.67   4,600,000.00 38,686.00 128,953.33
690,000.00 5,802.90 19,343.00   4,700,000.00 39,527.00 131,756.67
700,000.00 5,887.00 19,623.33   4,800,000.00 40,368.00 134,560.00
710,000.00 5,971.10 19,903.67   4,900,000.00 41,209.00 137,363.33
720,000.00 6,055.20 20,184.00   5,000,000.00 42,050.00 140,166.67
730,000.00 6,139.30 20,464.33     0.00 0.00