Nedbank is an authorised financial services provider and is one of the largest banking groups…
Nedbank is an authorised financial services provider and is one of the largest banking groups in South Africa that are part of the Old Mutual group. They offer banking, insurance and loans.
Nedbank has three types of home loans: ordinary home loans for buying an existing property, a building loan if you are renovating and a home vision loan if you want excess funds available to use at a later stage.
The Nedbank Ordinary Home Loan can be tailor made to suit your needs, and you can use it to finance the purchase of an existing residential property or to make structural improvements to your current home. Repayments term is up to 25 years, and it offers fixed, or variable interest rates and you are able to further the loan without registration of a new home loan which gives you access to the capital amount already paid off up to the original loan amount. Furthermore, you get homeowners insurance cover on freehold homes at full replacement value and Loan Protection Assurance.
Nedbank Home Loans for buildings will help you to finance the construction of a dwelling, or additions and improvements to an existing structure. The repayment terms are also up to 25 years with fixed or variable interest rate options. You can also further the loan without registration of a new home loan which gives you access to the capital amount already paid off up to the original loan amount. NedRevolve gives you access to a part of the loan that has been repaid in excess of the prescribed minimum monthly instalment. The Building Loan is paid out as the building progresses, for the work that has been completed and the Home Owner’s Insurance cover on freehold homes; property to be insured for the full insurance replacement value once the building is complete.
Nedbank Home Loans HomeVision is a solution that allows you to register a bond for more than the required loan amount providing an excess amount that can be accessed at a later stage. It is available when your property or affordability has increased.
Nedbank contact details:
Address: 135 Rivonia Rd,
Sandown, Sandton, 2196