A few facts about South Africa’s largest non-bank mortgage lender
SA home loans started in South Africa in February 1999 and has grown to become the specialist mortgage provider it is today. They provide South African applicants with affordable rates and flexible mortgage options. It is known for its affordable and competitive interest rates and fair service charge. When they started, they offered interest rates of 19.6%, which was quite low compared to established banks at the time. They were the first mortgage provider to offer rates below 10% for over 22 years. They won the Daily News Readers’ Award for Best Mortgage Lender in 2004 and 2005.
- Flexible and low easy repayment options
- Provides homeowners coverage and connection protection coverage
- Safe and secure banking
- Customer-friendly customer service desk
They provide a wide range of possibilities.
- Interest only
- Quick cash
- Additional loan
- Fast forward again
- Additional promotion
They now have 22 branches across the country and are headquartered in Durban. They take a non-banking approach by directly connecting the customer to the money markets and transferring the savings to them. This is also called securitization and is a widely accepted way of financing.
With their Bond Protection Plan, you and your family are protected against the possibility of property recovery in the event of unforeseen circumstances such as disability or death. You can cap your interest rate against rising interest rates. You can also borrow money against the increased value of your property ie. you can borrow against a loan. You can easily get up to R75 000 in cash within 72 hours. With their Varifix, you can fix the interest rate on your home loan and choose the part of your home loan to fix.
Many innovative packages are available. Well worth a try as they are the largest non-bank mortgage lender in South Africa.
#facts #South #Africas #largest #nonbank #mortgage #lender