Home Loans

Your home could well be the single biggest asset you will ever own. And you will choose a home to suit the way you live. You look for a location and a style that makes you feel comfortable. Your home is a sanctuary, where you can be yourself and feel secure.

As time passes, things change – your aspirations change and your life takes unexpected turns. What you need is a flexible home loan that can adapt to these changes and we are here to give you a home loan that takes account of your individuality.

Your Nedbank home loan offers the finance you need to buy a home of your own, whether freehold or sectional title. It can also help you buy a holiday home or cottage.

Our loan terms are negotiable for up to 20 years, and the interest rate you pay is market-related and always competitive. As a general rule, your monthly repayment may not exceed 35% of your gross monthly cash income, with joint income considered where appropriate.

A Nedbank home loan is negotiated around your financial circumstances and what you require now, while anticipating your future needs.

When negotiating your home loan, remember, you can mix and match various options to suit your personal circumstances. And with our refinancing home loan option, you can negotiate your Nedbank home loan as an investment vehicle in itself.

You can use this account to finance new purchases, such as property or vehicles (provided fixed property can be used as security) and in return you will continue to enjoy competitive interest rates on these new purchases.

When you deposit extra money in your home loan account, considerable interest as well as tax savings is generated. You can also get a pre-approval limit on your home loan.

• An established free standing residential property.
• Semi-detached dwelling with own title.
• Duplex flats with own title.
• Existing residential property.
• An agricultural holding for residential purposes.
• A vacant residential plot for later development.

• It is important to note that the loan-to-value rate should not exceed 90%.

• The deed of sale or offer to purchase or sales agreement or your latest home
  loan statement (for a takeover of bond from another bank).
• A copy of your valid identity document/passport.
• The latest proof of your income statement or/pay slip.
• Your marriage certificate/declaration where applicable.
• Your marriage contract (if you are married out of community of property).
• Your latest three months’ bank statements of all bank accounts not held with Nedbank.

In light of the rapid rise in real estate values in recent years, Nedbank offers you a credit friendly re-advance product that is calculated using the latest market evaluation of your property and puts your money back into your pocket when you need it.

We facilitate an evaluation of the property bonded with us and extend a loan facility against the new value.

You are entitled to re-draw the repaid capital on the loan through the bank’s re-advance facility, which will be paid directly into your transactional account.

Contact your nearest branch and speak to our ABF specialists for more information, or call 2408 1000.