Interest Charged: competitive fixed or variable interest linked to prime
Monthly Service Fee: not specified
Initiation Fee: not specified
Minimum Age: 18
Maximum Age: not specified
Max Repayment Term: not specified
Insurance Options: Home Loans Cover
Product Overview
The RMB Private Bank Home Loan is designed to provide you with finance for your dream home, holiday home or investment property. Whether in your personal name or in the name of your business they have structured their home loan product to provide a range of simple to complex solutions to best serve your needs as a client of RMB Private Bank. After all, buying a home is a significant investment and you want to maximise your return on investment.
Your Benefits
Flexi Option – a financial management facility giving you easy, convenient access to additional funds in your home loan account through online banking, 24 hours a day.
Variable or fixed interest rates – the choice is yours, with the variable rate linked to Prime.
Automatic linking to online banking – manage and transfer funds into and out of your home loan account at any time through online banking, provided you have an RMB Private Bank Cheque Account.
Discount on attorney fees.
Property Choices
Any residential property, whether freehold or sectional title, will be considered. Smallholdings of up to 8.5ha in an urban or peri-urban area and vacant stands in residential areas also qualify.
How you can leverage your homeloan
Your Home Loan Account must be settled via debit order every month and you are able to pay more than the required monthly instalment. Any additional amount reduces the amount owed and can help you save significantly in interest and settle your home loan faster. Additional payments can be made via online banking, the RMB Private Bank Banking App on your smart device, cellphone banking and telephone banking.
Rewards that you can Enjoy
As an RMB Private Bank Cheque Account holder, you’ll also enjoy the following benefits when you take up our home loan:
Convenient quarterly emailed statements.
eBucks – your home loan earns you extra points towards your reward tiers, so you can earn up to 15% back in fuel and grocery purchases or get up to 40% off a variety of products and services using your eBucks through eBucks channels.
Free access to online, cellphone and telephone banking as well as the RMB Private Bank Banking App on your smart device
inContact – free SMS and email notifications of Flexi transactions on your Home Loan Account
Transferring existing bonds from another financial institution
RMB will streamline the process as much as possible for you to transfer your existing bond to RMB Private Bank. Please be aware that you may be liable for an early termination fee with the existing institution as well as bond cancellation attorney fees.
What you will need to apply
The RMB Private Bank Home Loan is available to any entity and natural persons over the age of 18 with a regular or fixed income and a clear credit record. To ensure a hassle-free application, please complete the Application Form and provide them with the offer to purchase, valid South African ID or passport, proof of current residential address, proof of income and financial information (statement of assets and liabilities, business financial statements and bank
Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.
Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.
fincheck
