HOME LOANS

Home Loans

It can be very difficult to choose a home loan or investment product. We make it much easier for you to search and compare the latest interest rates and product features from around 80 lending institutions using our interest rate comparison tool.

Home Loans – Lending Criteria :

Bond applications may be declined for several reasons: you may not be able to afford the monthly repayments, or may require a 100% loan that would push the repayments beyond your reach.

Another critical consideration is your credit profile, which determines your credit risk to the bank. This includes your current income, employment history and consumer bureaux results, which provides your debt and payment history.If the bank considers you a good credit risk, it will assess the value of the property to be purchased. If this too meets all relevant criteria, the loan is usually granted.

Home Loans – requirements:
To assist the bank in determining its risk, you will be required to provide personal information such as bank statements, salary or wage slips, a statement of assets and liabilities, plus information on your credit history, including whether you have ever been insolvent.