Kindly view the Affordability Table in order to determine the home loan amount that you could qualify for.
In addition to possessing a good credit record, each bank has their own scoring system which rates you according to your payment profile, income, expenses and your Experian/TransUnion Profile.
Please note that your monthly loan repayment (RTI) may not exceed 30% of your monthly income.
Max Installment Capacity
ex. R15 000 x 30% = R4 500
Max Home Loan Capacity
ex. R15 000.00 x 30% ÷ 9.00 x 1000 = R50 0000.00
ex. R50 0000.00 ÷ 1000 x 9.00 = R4 500.00
ex. R4 500.00 ÷ R15 000.00 x 100 = 30
Kindly view our calculator options to see what you could qualify for.
Please refer to the following Loan to Value (LTV) guideline in order to compare the different consolidated bank policies and criteria.
Kindly view the Bond Repayment Table in order to determine the monthly instalments on your home loan
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