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WHAT WE CAN DO FOR YOU |
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| Municipal Valuation |
Actual Value of the property |
R 1 000 000.00 |
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| Bond Consolidation Loan |
Can only be up to 70% of the Municipal Valuation |
R 700 000.00 |
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YOUR CURRENT SITUATION |
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| Outstanding Bond |
What you are still owing on the Home Loan |
R 350 000.00 |
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| Outstanding Unsecured Debt |
Loans, Credit Cards, Clothing Accounts, Bills etc |
R 112 480.00 |
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| TOTAL DEBT |
Secured (Home Loan) and Unsecured (Other) – combined |
R 462 480.00 |
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SALARY REQUIRED TO QUALIFY AND MONTHLY BOND INSTALMENT |
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| Salary to qualify for R462 480,00 |
Salary must be in line with the bond granted |
R 20 192.99 |
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| Bond Instalment on R462480,00 |
For the first year @ 16% |
R 7 293.07 |
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From 13 – 240 months |
R 4 310.92 |
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- For the first year of the bond consolidation the instalment will be 16% as per example R7293.07
- From month 13 – 240 your instalment will be reduced in line with the prime lending rate.
- Credit Report is cleared after 12 months
- All costs are included in the bond consolidation.
