Nedbank Home Loans
Nedbank's Ordinary Home Loan
The Ordinary Home Loan from Nedbank is a flexible mortgage bond that can be tailored to suit your individual needs. You can use this bond loan to finance the purchase of an existing residential property or to make significant structural home improvements to your existing property.
The loan repayment term is up to 25 years. Fixed or variable interest rate options are available. You will need to earn R2,500 per month or more (single or joint gross monthly income). Nedbank Home Loans start at R100,000 and above. Nedbank requires a clear credit score to qualify.
Nedbank's Building Loan
The building loan from Nedbank are for customers wanting to build their own house and offers the freedom to design it just the way they want it. Additionally this home loan is also for customers who want to extend, revamp or improve their existing property.
Nedbank requires that the builders must be NHBRC approved. The
repayment term is up to 25 years. Customers have the option to choose fixed or variable interest rates.
You will need to earn R2,500 per month or more (single or joint gross monthly income) for the building loan as well. Building loans start at R100,000 and above. Nedbank requires a clear credit score to qualify.
Nedbank's HomeVision Home Loan
The HomeVision home loan solution from Nedbank allows customers to register a bond for more than the required bond loan amount, providing an excess amount that can be retrieved at a later stage.
Nedbanks HomeVision facility (excess amount) will be available to customers when their property value and (or) affordability has increased. Customers will then be able to apply for access to the excess funds when they need it.