Bank Requirements

To qualify for a home loan the bank requirements are as follows:

• 30% of your dependable, provable income must not exceed the bond repayment.
• All Banks will require a deposit of at least 10%.
• All Transfer, Bond and Bank costs to be paid by applicant upfront.
• A clear credit record as well as no arrears to appear on payment profile to retailers, or unpaid amounts in Bank statements.
• Property must offer acceptable security to the banks.
  

The Banks also require certain supporting documents to process your home loan application. Download supporting document information.

To find out more about the banks’ requirements, please contact us and a qualified consultant will call you back and take you through the whole process.