Nedbank has always been one of our favourite banks and they offer some great home loan products.
Basically, they have split up the home loan options into 2 main sections and it's basically defined as follows:
The first being a home loan option for an ordinary home loan, whereby you buy an existing property. The criteria include that you are able to repay your loan for up to 25 years and you can have a fixed or variable interest rate for your home loan.
If you want repay the home loan sooner, you always have the accelerated payment option included, to pay off your home loan in a shorter time period.
The second section from Nedbank is for a building loan option, to have the property being built from the ground up. To apply for a such a loan, you must be able to prove that the builder is registered with the NHBRC and the repayment term also goes up to 25 years. There are also variable or fixed rate interest options available with this section.
We will be following Nedbank home loans closely over the coming months and will keep all users updated on all the latest news and home loan offerings. We can highly recommend them to anyone looking for a home loan in South Africa.
Nedbank have always proven themselves to be one of the best in South Africa, so be sure to look at them for your next home loan.
Be sure to contact one of our consultants and we will get in touch with you to assist, with your home loan application.