FNB Home Loans

The FNB home loans division has a step by step guide for individuals who is interested in buying or selling a home and information can be found on the FNB home loan website. FNB provides comprehensive information on everything about homes and caters for various groups of individuals under the FNB home loan umbrella including Traditional home loans, Smart bonds, Foreign choice and even Islamic finance home loans.

Traditional home loans

As with most major banks, FNB Traditional home loans include three options from which individuals can choose from including a Flexi facility where owners can access any surplus funds that they have paid into their home loan account within 24hours.

Owners also may apply for a re-advance if they have paid off an amount of their home loan over a period of time. The difference on the outstanding balance and that of the original loan can then be applied for and paid to the home owner.

The Future use feature allows for individuals to register a higher home loan account than the original purchase price of the property in order to cater for any future use of the funds such as for renovations.

Smart bonds

Smart bonds caters for individuals who earn R15000 or less per month in household income, and applicants who are approved need not pay a deposit as a 100% home loan will be provided.
Options of a 5 year fixed interest rate including a free home owner’s educational program are provided. Individuals applying for the Smart bond have to be South African citizens and have no judgments of more than R1000 against them.

Foreign Choice

FNB home loans caters for non-residential individuals not living in South Africa. Both South Africans and foreigners living abroad may apply for a home loan in order to purchase property in South Africa.
Individuals interested in Foreign choice home loans have to earn at least R15000 and have no judgments against them. A 50% cash deposit originating from foreign funds has to be paid. Additional charges are also levied.

Islamic finance home loans

Fairly new in South Africa, FNB Islamic finance home loans accommodates for the prohibited use of Riba (interest) under ‘Shari’ah’ (Islamic law)

This home loan caters for all individuals and is not restricted to Muslims only and a Wakalah contract is drawn up. A deposit will also be required and customers needs to be KYC compliant.

FNB home loans have made it possible for millions of individuals across the country to acquire homes from where they can raise their families or work from home. Interested individuals who want to apply for a FNB home loan of who needs more information should enquire at Mortgage Plus.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Fnb Home Loan Products facilitated through Mortgage Plus.

The FNB home loans division has a step by step guide for individuals who is interested in buying or selling a home and information can be found on the Mortgage Plus website.  Mortgage Plus provides comprehensive information on everything about homes and caters for various groups of individuals under the FNB home loan umbrella including Traditional home loans, Smart bonds, Foreign choice and even Islamic finance home loans.

Traditional home loans

As with most major banks, FNB Traditional home loans include three options from which individuals can choose from including a Flexi facility where owners can access any surplus funds that they have paid into their home loan account within 24hours.

Owners also may apply for a re-advance if they have paid off an amount of their home loan over a period of time.  The difference on the outstanding balance and that of the original loan can then be applied for and paid to the home owner.

The Future use feature allows for individuals to register a higher home loan account than the original purchase price of the property in order to cater for any future use of the funds such as for renovations.

Smart bonds

Smart bonds caters for individuals who earn R15000 or less per month in household income, and applicants who are approved need not pay a deposit as a 100% home loan will be provided.

Options of a 5 year fixed interest rate including a free home owner’s educational program are provided.  Individuals applying for the Smart bond have to be South African citizens and have no judgments of more than R1000 against them.

Foreign Choice

FNB home loans caters for non-residential individuals not living in South Africa.  Both South Africans and foreigners living abroad may apply for a home loan in order to purchase property in South Africa.

Individuals interested in Foreign choice home loans have to earn at least R15000 and have no judgments against them.  A 50% cash deposit originating from foreign funds has to be paid.  Additional charges are also levied.

Islamic finance home loans

Fairly new in South Africa, FNB Islamic finance home loans accommodates for the prohibited use of Riba (interest) under ‘Shari’ah’ (Islamic law)

This home loan caters for all individuals and is not restricted to Muslims only and a Wakalah contract is drawn up. A deposit will also be required and customers needs to be KYC compliant.

Interested individuals can apply online in the comfort of their own home.  Individuals can also make use of the bond calculator to determine how much they would qualify for on their household income, what the monthly repayments will be, the term of loan etc.

FNB home loans have made it possible for millions of individuals across the country to acquire homes from where they can raise their families or work from home

To apply for your FNB home loan Click Here

Mortgage Plus offers a wide range of advice on different bond options and further advice on the above. Please call us for further information on:

Complete this short form online

Call us on 011.327.4489

Email: morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za