Apply here for Mortgage Bonds & Home Loans
No personal interviews or embarrassing questions! All applications are done via email or on our online systems.
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Applying for a bond:
Gather all the relevant documents required to apply for a bond when your Offer to Purchase contract is accepted. Choose Southern Money as your bond originator to apply for a home loan at various financial institutions. We will get you the best deal.
Proof of income • Copy of your South African ID or passport • Copy of signed Offer to Purchase • Proof of current residential address • Official salary slip and stamped bank statement (either option needs to show history for the last 3 months)
To qualify for a home loan you have to:
Be over the age of 18 years. • Be employed permanently for a minimum of 6 months • Have no judgments or defaults against your credit profile • Earn the minimum salary requirement
The Bank will approve the loan subject to a property valuation, and subject to meeting all the credit and FICA requirements. This valuation is done to ensure that the property being purchased reflects its true value. Applications usually takes between three and seven working days.