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First-Time Buyers - Special Home Loan Offer By Nedbank

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First-Time Buyers - Special Home Loan Offer By Nedbank

Nedbank's new First-Time Home Buyer offering will enable qualifying home buyers to:

  • Access finance up to 105% of the property purchase price,
  • Receive a discount of 50% in the bond attorney fees
  • Structure repayments over a 30 year loan
  • New to Bank clients - receive an attractive additional rate concession of 0.50% on offer to new to bank applicants;  PLUS
  • Receive an additional 0.25% rate discount should the applicant have purchased a property in an EDGE accredited development.

To qualify for this new First-Time Home Buyer offering, at least one of the applicants must be a First-Time Home Buyer and the application must fall within the loan range of between R700,000 to R1,800,000.

A further qualifying criteria for applicants that fall within the Affordable Housing income segment of maximum household income of R26,100, is that the property must be situated in an EDGE accredited development - a maximum LTV of 103% will only be considered at this stage.

The above product offering will be available from 24th January 2022 and is available to qualifying salaried and self-employed applicants.

Author Nedbank
Published 26 Jan 2022 / Views -
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