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 10.00%

Welcome to Payneless Bonds

Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!

At No cost to You, we can assist with the following professional services:

  • New Loan
  • Further Loans on your Existing Property
  • Building Loan
  • Insurance Referral
  • Commercial Finance Referral

We will:

  • Represent you, the buyer
  • Pre-Qualify you for a bond
  • Once Pre-Qualified, submit on your behalf, to the Banks in South Africa to obtain a bond

We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.

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 10.00%

Welcome to Payneless Bonds

Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!

At No cost to You, we can assist with the following professional services:

  • New Loan
  • Further Loans on your Existing Property
  • Building Loan
  • Insurance Referral
  • Commercial Finance Referral

We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.

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 10.00%

Welcome to Payneless Bonds

Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!

At No cost to You, we can assist with the following professional services:

  • New Loan
  • Further Loans on your Existing Property
  • Building Loan
  • Insurance Referral
  • Commercial Finance Referral

We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.

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

Does Paying Extra on Your Bond Pay Off?

087-151-4712 info@paynelessbonds.co.za 087-151-4712 info@paynelessbonds.co.za Reading time: 2 Min Ever wondered if it pays off to pay more on your bond account? Read more to find out... Does Paying Extra on Your Bond Pay Off? Anyone that pays of a bond knows that the...

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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

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