Nedbank Home Loans are quality solutions designed to give you quick access to your dream home. The bank offers flexible home loan solutions at competitive interest rates. Tailored to suit your individual needs Nedbank Mortgage loans interest rates depend on your credit profile, the value of the loan and the loan period.
Types of Nedbank Home Loans:
Ordinary Home Loans
Home Vision, which lets you register a bond larger than the required amount borrowed, creating a surplus amount that can be accessed later.
Building Loan
NedRevolve, which lets you accumulate a cash surplus by depositing extra funds into your account on a monthly basis.
There are several types of property ownership, for example Sectional title and Freehold title. Before are applying for Nedbank Mortgage loans, bear in mind the truth that your credit health is essential. What Nedbank will probably search for are the four C's:
- Character
- Capital
- Capacity
- Collateral
Budgetary considerations you need to make include bond initiation fees, processing costs, transfer costs, mortgage loan repayments, home insurance, loan protection assurance, water and electricity, as well as a levy in the case of Sectional title purchases.
How to try to get Nedbank Mortgage loans:
You can apply online by going to www.nedbank.co.za or by going to your local branch. Nedbank can also arrange for sales consultants to go to you wherever you're or simply call the contact centre.
You can then apply and obtain bond approval. Nedbank will evaluate home of your dreams and approve your loan. Bond registration would be the next step. Once all the paperwork is completed, you'll be a house owner.
You'll then be responsible for making monthly payments. You can use self-service banking to manage your payments and Nedbank will be sending you eStatements.
For more details about Nedbank Mortgage loans, call: 0860 555111
