Six months after they reintroduced the 110% home loan, ABSA have announced that they are updating the requirements for their 110 percent bonds to include clients who earn a maximum income of R15 142 per month. The previous limit was R11000 pm.
Home Loan Lending Policy: ABSA, Nedbank tighten mortgage lending Nedbank and ABSA Home Loans have further tightened their mortgage lending criteria, effective 1 Dec 2008. ABSA – SA’s largest home loan provider – has lowered their maximum home loan to 85% of the property value / purchase price. While, Nedbank homeloans are only offering [...]
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