Overview

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Ithala home loan offers you an opportunity to buy, build, improve or renovate your own property in urban and rural areas. The loan is secured by registering a mortgage bond against your property.

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Benefits

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• Build, buy, improve, renovate or extend your house while you are economically active
• Use equity on your home loan for additional funding of needs you may have
• Use equity on your existing property for managing your debts
• Repayment terms are up to 360 months
• Loan is repaid before your retirement
• Competitive interest rates
• Loan amounts are up to 100% of the property value

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Requirements

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• Self-employed or permanently employed South African citizens
• The property should be within Kwa-Zulu Natal (KZN)
• Earn a minimum salary of R3 500

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Rates & Fees

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• Monthly repayments are done through debit orders or employer deductions.
• A once off initiation fee will be charge to the maximum allowed by National Credit Act (NCA)
• A monthly Service fee is also charge as the maximum allowed by the NCA
• The interest rate is prime-linked over the term of the loan

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