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Product Guide: SA Home Loan

SA Variable Home Loan

Comparison Overview:

  • Product Category: Variable Home Loan
  • Minimum Monthly Income: -
  • Interest Charged: 9.25%
  • Monthly Service Fee: -
  • Initiation Fee: -
  • Minimum Age: -
  • Maximum Age: -
  • Max Repayment Term: 20 Years
  • Insurance Options: In house - bond protection, homeowners cover

Product Overview

A Home Loan with competitive interest rates and innovative optional extras.

Benefits

  • Interest rate is variable and is tailored to your risk profile.
  • Flexible term up to 20 years.
  • Switch to SA Home Loans and benefit from the Quick Cash option before registration: get up to R75 000 in cash within 72 hours (or up to R150 000 as soon as you’ve signed your bond documents) to use as you please.
  • Access surplus funds on the value of your property, through a variety of further lending options after your home loan is established.
  • In-house insurance options available: bond protection and home owner’s cover.

SA 30 Year Home Loan

Comparison Overview:

  • Product Category: 30 Year Home Loan
  • Minimum Monthly Income: -
  • Interest Charged: 9.25%
  • Monthly Service Fee: -
  • Initiation Fee: -
  • Minimum Age: -
  • Maximum Age: 45
  • Max Repayment Term: 30 Years
  • Insurance Options: In house - bond protection, homeowners cover

Product Overview

Minimise your monthly instalments with this bond, calculated over a long term. This 30 year home loan is an amortising, variable rate product which offers greater cash flow flexibility due to a lower instalment. This enhanced affordability is particularly helpful for home buyers at the beginning of the life of their loan.

Benefits

  • Term of 30 years.
  • Interest rate is variable and tailored to your risk profile.
  • This product is only available to clients purchasing a new home but not to clients wishing to switch their existing bond.
  • There are borrower age criteria: maximum age at grant is 45 years.
  • In-house insurance options are available: bond protection and home owner’s cover.

SA Edge Home Loan

Comparison Overview:

  • Product Category: Edge Home Loan
  • Minimum Monthly Income: -
  • Interest Charged: variable
  • Monthly Service Fee: -
  • Initiation Fee: -
  • Minimum Age: -
  • Maximum Age: -
  • Max Repayment Term: 36 months - then further 240 months
  • Insurance Options: In house - bond protection, homeowners cover

Product Overview

Pay the lowest instalment - only the interest - for 3 years before reverting to a standard amortising loan, allowing you to afford the home you really want.

Benefits

  • Ideal for clients who want to buy 'up' now - knowing their income will grow to match their repayments.
  • Pay the interest only for the first 36 months - the lowest instalment possible.
  • At the end of 36 months, the loan reverts to a standard variable loan over 240 months, with all the same benefits and features.
  • No capital payments at the end of the term - your home is fully paid off.
  • You still have the flexibility of paying off capital in the first 3 years if you choose (for example, by fixed monthly debit order), reducing the capital balance and thereby saving you interest.
  • Unique in the market - no other home loan product offers these features and low initial instalments.
  • In-house insurance options available: bond protection and home owner’s cover.


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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.