On average we can save clients

0.5% on their interest rate

This means a R240 180 saving on a

R3 million home over 20 years

Monthly saving of R1000 on installment

The CURRENT PRIME rate is 10%

Welcome to Payneless Bonds

On average we can save clients

0.5% on their interest rate

This means a R240 180 saving on a

R3 million home over 20 years

Monthly saving of R1000 on installment

The CURRENT PRIME rate is 10%

Welcome to Payneless Bonds

On average we can save clients

0.5% on their interest rate

This means a R240 180 saving

on a R3 million home over 20 years

Monthly saving of R1000 on installment

The CURRENT PRIME rate is 10%

Welcome to Payneless Bonds

ARE YOU SELF EMPLOYED?

BEING SELF EMPLOYED is an increasing trend in South Africa with the amazing talent that South Africans are showing every day.
RUNNING YOUR OWN BUSINESS is probably one of the most rewarding yet challenging things you can do in your life.
CONSIDER THESE GUIDELINES in preparation for your home loan application if you are self-employed and serious about buying property. 
ONCE PRE-QUALIFIED, we will be able to present a formal application to the banks.

ARE YOU SELF EMPLOYED?

BEING SELF EMPLOYED is an increasing trend in South Africa with the amazing talent that South Africans are showing every day.
RUNNING YOUR OWN BUSINESS is probably one of the most rewarding yet challenging things you can do in your life.
CONSIDER THESE GUIDELINES in preparation for your home loan application if you are self-employed and serious about buying property. 
ONCE PRE-QUALIFIED, we will be able to present a formal application to the banks.

ARE YOU A FIRST TIME HOME BUYER?

What benefits would a first-time buyer have, when applying for a home loan?

Although some of the banks, have special products available for first time buyers, it is not necessarily easier for first time buyers to secure a 100% bond than a client buying for a second or third time. The current situation is that the banks’ decision is strictly guided by the internal scoring models within the various banks and the client’s external credit bureau track record. The bank’s system will generate a risk rating for every application on submission and if the client’s risk rating is satisfactory to qualify for a 100% bond, the system will allow the application, to be approved for a 100% offering of the purchase price of the property.  Your risk rating together with your affordability, will therefor determine the percentage offering you will receive.

Standard Bank can consider adding 4% of the purchase price, for the transfer and bond registration fees, in event of the purchase price and the costs combined not exceeding R1million and the client should never have owned property before and permitted that the risk rating allows costs to be included.

FNB can consider adding the attorney costs, as long as the property purchase price does not exceed R650 000.00 and the clients income does not exceed R25 000.00 gross for single applicants and R50 000.00 for joint applicants. Clients falling outside the above mentioned criteria, will need to pay the attorney fees from their own pocket.

Unfortunately the other banks don’t have a cost inclusive product and the client will need to pay the attorney fees out of their own pocket.

ARE YOU A FIRST TIME HOME BUYER?

What benefits would a first-time buyer have, when applying for a home loan?

Although some of the banks, have special products available for first time buyers, it is not necessily easier for first time buyers to secure a 100% bond than a client buying for a second or third time. The current situation is that the banks’ decision is strictly guided by the internal scoring models within the various banks and the client’s external credit bureau track record.

TECHNOLOGY AND THE MORTGAGE INDUSTRY

The similarities in the estate agency industry are many and have been going for a while. There were some thoughts two or three years ago pointing to the possibility of complete property transactions being done online, allowing estate agent free transactions (theoretically), or at least with significantly lower fees.

You may have missed the TV advertisements from digital mortgage brokers but it’s near impossible to miss the tens of millions of Rands spent by online estate agents. This exposure has created even more of a conversation around how much can be digitised and as the debate, and indeed customer experience, has panned out the received wisdom is that you simply can’t go through such a complicated and emotional process without human help.

TECHNOLOGY AND THE MORTGAGE INDUSTRY

You may have missed the TV advertisements from digital mortgage brokers but it’s near impossible to miss the tens of millions of Rands spent by online estate agents. This exposure has created even more of a conversation around how much can be digitised and as the debate, and indeed customer experience, has panned out the received wisdom is that you simply can’t go through such a complicated and emotional process without human help.
OUR DEDICATION
The personal but yet professional service provided was excellent! Thank you Ladies.

I was truly impressed by the personal attention shown by Sanette and Douglas – they attended to every small detail with helpful advice ultimately making the tedious task of filling out forms etc. a simple procedure. Constant updates and friendly service have meant that I would not choose any other bond originators in the future and certainly will promote doing business with Payneless Bonds!

I want to specifically thank Alicia for her effort, email updates and calls during our bond approval! The service was of the highest standards! Thank you so so much!
The personal yet professional service provided was excellent! Thank you Ladies!
I was truly impressed by the personal attention shown by Sanette and Douglas – they attended to every small detail with helpful advice ultimately making the tedious task of filling out forms etc. a simple procedure. Constant updates and friendly service have meant that I would not choose any other bond originators in the future and certainly will promote doing business with Payneless Bonds!
I want to specifically thank Alicia for her effort, email updates and calls during our bond approval! The service was of the highest standards! Thank you so so much!
TIPS, TOOLS AND MORE

Can I lend extra money for renovations to the property I am buying?

Reading time: 1 Min

If your credit score and affordability allows a 100% bond as well as the extra money for the renovations, the banks will pay the full purchase price out on registration of the bond, but the money for the renovations will be held back on retention and only paid out, once the work had been concluded.

read more

Tips on what creditors consider as reasons for decline

Reading time: 2 Min

Being refused credit can be frustrating – but it can happen on any credit application you make, be it a credit card, loan, or new mobile phone contract. Not getting credit can be really inconvenient and affect your best-laid plans.

read more

Email

info@paynelessbonds.co.za

Phone

+(27) 87 151 4712

+(27) 11 662 2396

+(27) 83 707 1684

Address

1182 KATLAGTER STREET
FEATHERBROOKE ESTATE
1746 GAUTENG, SOUTH AFRICA

Send Us an Email