Application Process

Debt consolidation for home owners

Our Home Loan Application process is straight forward, and allows all our customers the best options in getting their applications approved.

Below are the application procedures described in full detail:

  1. You complete the online Pre-Approval Form
  2. We assess your information and calculate what the amount is you can qualify for based on your income and the equity in your property.
  3. We send you the application forms via email or fax and request the supporting documentation needed by the banks.
  4. You complete the forms, gather the supporting documents and send back to us via email or fax.
  5. We assess your documentation to ensure that it’s complete, clear and if needed, request additional information.
  6. We issue a quotation to you, which specify your Total Loan amount, Monthly Installment (Your current installment included), Registration, Cancellation (If Applicable), Valuation, Bank and our fee (All incorporated into the total loan amount) and the amount you will receive after all costs has been covered.
  7. You sign the documents and return to us
  8. We capture your application electronically via software to all of the major banks and SA Home Loans simultaneously, along with your supporting documents and motivations where needed.
  9. The Banks assess your application and documentation, do a credit check on all applicants, confirm employment for all applicants, and if they are satisfied, they schedule a valuation on your property.
  10. The assessor will physically go out to your property to determine the correct market value of it, and send the information back to the bank.
  11. The bank makes a final decision, taking in consideration your credit scoring, how you managed your accounts, the equity in your property and the total risk profile of the application and decide on a suitable interest rate.
  12.  Your application gets approved and  the bank allocates a registration attorney in your area who will handle the registration of the bond.
  13. The attorney draws up all the necessary paperwork and arrange a meeting for you to go and sign for the legal documents.
  14. Your application gets submitted to the deeds offices for registration of the bond, which may take up to 8 work days, depending on their workload.
  15. You receive your pay out into your bank account upon registration of the bond.