Comments on: Nedbank Opens Its Doors To 100% HomeLoans

By: Pat

Pat — Wed, 14 Apr 2010 12:05:59 +0000

I want to consolidate my home loan account and Wesbank account(car)Home loan +- 560 000 and car 190 000

By: Gino S

Gino S — Mon, 15 Mar 2010 14:15:27 +0000

Hi Linda. The banks will allow you to use up to 30% of your NET monthly income. This means that you could qualify for a home loan but it will be tough to find a suitable property in that price range. You should consider renting for a while and save any extra funds to use as a deposit on your new home.

By: Linda

Linda — Sat, 13 Mar 2010 06:38:08 +0000

Can someone earning a gross salary of R5700 qualify for a homeloan in South Africa, and which lenders can assist such individuals, respond via my email or this blog

By: Bond Originator South Africa

Bond Originator South Africa — Wed, 13 Jan 2010 12:03:40 +0000

Hi Alison

The letter you received maybe out dated.
I can confirm that Nedbank are certainly offering 100% bonds again.
During the big credit crunch the banks stopped offering 100% home loans, but the markets have since turned and all the major South African banks are now relaxing their lending criteria.

Each home loan application is considered on merit, and although the bank does offer 100% bonds, they may decide to only offer you 80% to reduce their risk exposure.

By: Alison

Alison — Wed, 13 Jan 2010 09:23:48 +0000

Interesting, considering that I received a letter from Nedbank a few weeks ago stating that their policy is not to offer homeloans above 80%.

By: Charles

Charles — Tue, 20 Oct 2009 07:14:31 +0000

This is very good news – it finally feels as if things are starting to get back to normal.