Sanlam Home Loans
Whether you already have a mortgage bond registered with another financial institution or whether you need a new home loan, just consider the benefits of a home loan through Sanlam Home Loans:
You'll pay lower interest rates – concessions of up to 2.15% You may use the value of your house to raise cash, consolidate debt or buy or build a new home you'll do business with a company, in a group, that you know and trust, and you can get qualified financial advice on how your home loan can complement your financial planning.
Why can we offer you a lower interest rate?
In South Africa, banks traditionally provide home loans by getting their funds from their own investors and depositors. To service these investors and depositors means banks must have an expensive branch network. They then add 3% to 5% interest on to the cost of these funds to cover overheads and still provide a profit margin for themselves.
At Sanlam Home Loans, we are linking individual borrowers directly to the wholesale investors through a process called securitisation. Therefore we don't need an expensive branch network, thus saving borrowers millions.
Qualifying criteria
Sanlam Home Loans offer residential home loans of up to 100% for amounts between R300 000 and
R2 000 000. To qualify for a loan through Sanlam Home Loans, the following apply:
- A joint income of more than R20 000
- An installment not exceeding 30% of your income
- Loans above R 300 000
- A clean ITC Record
- Up to 108% loans available - Sanlam Home Loans pays 50% of registration costs
- No building loans available for vacant land
You don't need to be an existing Sanlam client. If you already have a home loan elsewhere, you may switch it to Sanlam Home Loans for a lower rate and save. Switching is easy
Complete this short form for a no obligation, free quote from Sanlam Home Loans and a Dedicated Sanlam Home Loans Consultant will call you shortly:
- applying for a new home loan (loan finance)
- transfer of existing loan
- pre-approval