SA Home Loans – Buying a home is a big step and a great investment, therefore choosing the right home is very important. However, what’s also important is choosing the right financier, a financial institution that will ensure that the client’s long term and short term financial needs are met. SA Home Loans is the perfect financial institution to assist when buying a home as they offer unique home loan products tailored to meet their clients’ needs.
Clients have an option of choosing between three loan products depending on their financial needs. A Variable Home Loan offers competitive interest rates that are tailored to the client’s risk profile with flexible repayment terms of up to 20 years. Clients can get up to R75 000 in cash within 72 hours of approval and up to R150 000 as soon as they have signed bond documents. Clients can switch at any time to Interest Only Home Loan at no additional costs.
Interest Only Home Loan minimises the client’s monthly instalments as the client only pays the interest on their loan. Clients can pay over and above their interest, giving them the flexibility to adjust their instalment to meet their cash flow needs. When clients have funds available, they can make monthly payments which includes capital or once-off capital payments to reduce the interest on their loan. Clients can switch to a Variable Home Loan free of charge. Full settlement will be required at the end of the loan term.
The Edge Home Loan is unique in the market as no other home loan product offers its features and initial low instalments. Clients pay interest only – the lowest instalment – for three years before reverting to a standard home loan product. This gives clients to buy their perfect home which they will repay over 20 years with the same benefits. There are no capital repayments at the end of the term as the loan will be fully paid.
All loan offers from SA Home Loans include options of in-house bond protection and home owners’ cover. Variable and Interest Only Home Loan clients can also access more funds on the value of their property after their home loan is established, through a variety of further lending options.
Amongst other documents, clients must submit proof of income, ID document, proof of residence, three months’ bank statements and marriage certificate if the client is married in community of property. Self-employed clients are also welcome to apply. For more information and to apply for a loan clients can visit www.sahomeloans.com or call 060 24 68 10.