Home Loan
Overview
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.
Benefits
- Build, buy, improve, renovate or extend your house while you are economically active
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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
Requirements
- Self-employed or permanently employed South African citizens
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The property should be within Kwa-Zulu Natal (KZN) -
Earn a minimum salary of R3 500
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