HOME LOANS WITH NEDBANK

Posted by Nedbank on 26 May 22

Categories:

Finance & Budget
HOME LOANS WITH NEDBANK

HOME SWEET LOAN

The basics

Your Nedbank home loan provides the finance you need to acquire a home of your own. This could be an established residential property (freehold or sectional title) or a vacant piece of land. You can even buy a holiday home or cottage.

The term of the loan is negotiable 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 30% of your gross monthly cash income - with joint income considered where appropriate. To help get them started, first time buyers qualify for a 0% deposit on their home loans.

A Nedbank home loan is negotiated around your financial circumstances. By 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.

Let's look at the options available.

108% Home Loan

A Nedbank home loan has been created for YOU if you prefer to keep your options open, to make your own decisions and retain the freedom to change course to get the best out of your investment.

A Nedbank home loan assures you of future security, puts YOUR interest first, and takes what is probably your biggest personal investment as seriously as YOU do. If you're about to buy a home, a holiday home or cottage, call us today for a home loan that's designed around your needs.

In fact, why not apply for a pre-approved home loan limit? We provide you with a letter stating that credit is available up to an agreed amount, which is then subject to a valuation acceptable to Nedbank. You then know precisely up to what limit you may negotiate when looking for a home or even a holiday home or cottage.

Revolving Home Loan

You can use your Nedbank home loan as an investment vehicle with the Revolving Home Loan option.

All payments made in excess of your monthly Home Loan instalments are saved on your account, generating considerable interest and tax savings. These funds are available to access whenever you need.

This facility is automatically available on all Nedbank Home Loans.

Restructure your existing Home Loan

If you have been paying off your home loan for a number of years, Nedbank can refinance your home loan over the full 20 year term period, pending terms and conditions, and reduce your monthly payments, giving you space to breathe financially.

Re-advance on your existing Home Loan

With a Re-advance on your Home Loan you can benefit from increasing property prices by revaluing your home and extending your Home Loan to the new increased value. You can use these additional funds to make alterations and renovations and extend your current home into the dream home that you want. These funds can be used exclusively for alterations and renovations to your home.

Takeovers

If you already have a Home Loan financed elsewhere, Nedbank offers a takeover deal for you to bring your Home Loan over to Nedbank at no bond costs and a potentially better offer.

Building loans

Sometimes your dream home doesn't exist yet. Nedbank also provides financing for new developments.Sometimes your dream home doesn't exist yet. Nedbank also provides financing for new developments.

Talk to us for a pre-approval

With all the options available we are sure to find a unique solution, or combination of solutions to meet your needs. In fact, why not apply for a pre-approved home loan limit?

We will provide you with a letter stating that credit is available up to an agreed amount which is then subject to a valuation acceptable to Nedbank. You then know precisely up to what limit you may negotiate when looking for a home or even a holiday home or cottage.

To get started e-mail: HomeLoan@Nedbank.com.na or call:

+264 61295 2512 (Central Region)
+264 65 235 404 (Northern Region)
+264 64 41 4338 (Coastal Region)