Home Loan Readvances offer you an opportunity to secure a large loan amount at a very low interest rate.
A Home Loan Readvance allows you to borrow all or part of the portion of your Mortgage youâ€™ve already repaid.
The process is much faster than applying for a Further Loan (or 2nd Bond), and it has the extra benefit in that youâ€™ll be paying a very low interest rate on that loan amount.
If youâ€™re considering doing some renovations to your home or if youâ€™re looking for a loan for a holiday trip, it makes more sense to apply for a Mortgage Readvance and secure a low interest loan then to apply for a personal loan or to use your credit card.
Further benefits of Home Loan Readvances are that you are able to pay off the outstanding amount over the full term of your bond so your montly repayments are much more manageable.
Speak to one of our Home Loan consultants now about applying for a home loan re-advance.
Whether youâ€™re with ABSA, Standard Bank, Nedbank or FNB Home Loans – Weâ€™ll secure the finance for you within a few days. CLICK HERE to complete you contact details.