Bond Home Loan Pre-Approval: Prequalification Criteria For Standard FNB Nedbank & Absa Bank
Embarking on the bond pre-approval process requires criteria and preparation. The would-be borrower must first gather pertinent documents: proof of income, such as pay slips and tax returns; proof of assets, including bank statements and investment accounts; and personal identification. With these in hand, one approaches a lender or bank, who will then pull a credit report and assess the overall financial picture.
Home Loan Pre-Approval Success Stories
Bongani L from Durban
Occupation: Sales Executive
Salary: R52,000 per month
The Situation:
Bongani wanted to upgrade from his townhouse to a larger family home in Umhlanga.The Challenge:
He had existing debt and was worried about getting a home loan pre-approval from his bank.The Solution:
Bongani contacted BankBonds.co.za for assistance with his mortgage loan pre-approval application.The Outcome:
He received a home loan pre-approval from 4 banks within 5 days.Steps Taken:
The BankBonds.co.za team reviewed his finances and advised him on restructuring his debt. They then submitted his home loan prequalification to Absa, Nedbank, Standard Bank, and FNB.Benefits:
Bongani was able to compare 4 mortgage pre approval offers and save over R500 per month on his bond.What They Said:
"I never thought I would get a home loan pre-approval with my debt levels. BankBonds.co.za found a lender that believed in me."
The Result:
Bongani bought his dream home in Umhlanga and his bond is now consolidated with his other debts.
What Documents Needed For Bond Application South Africa?
- Monthly Income
- Proof Of Employment
- Self-Employed, Business Or Company Bank Statements
- Income Tax
- Outstanding Debts and Loans
- Equity, Proof Of Assets
- Living Expenses
- Personal Bank Statements
- Identification
Fast and Easy Pre-Approval Form
Get the ball rolling, hit the apply button below and a bond originator will contact you asap about your pre-approval/pre-qualify document.
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