current bond rates

S

snail

Expert Member
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Feb 5, 2008
Messages
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Ok, so I'm not interested what people got several years ago, or even a year ago for that fact. I'm looking at what current bond rates being approved (as in the last 3-4 months approval).

Put as much detail as possible, ie:

Bank
Rate
Loan amount
Deposit size
1st home loan, 2nd home loan etc

Read in a different thread someone just got prime -1 and as I'm waiting for mine to go through I would like to know what others got.
 
Scooby_Doo

Scooby_Doo

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Messages
9,087
There is a thread for this already with all the information you are looking for...
 
Tinuva

Tinuva

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Feb 10, 2005
Messages
12,494
I have a friend, who got:

Bank: Standard Bank
Rate: 10.45
Loan amount: +- R700,000
Deposit size: R0 (Standard Bank is giving a 100% cover loan here)
1st home loan (joint loan between friend and his gf)


Bank: FNB
Rate: 9.5
Loan amount: +- R600,000
Deposit size: R0 (they would then have to pay the rest but the property to be, is going to cost R700,000)
1st home loan (joint loan between friend and his gf)

Edit: Adding, these were approved 2 weeks ago, so pretty recent.
My own homeloan was a year ago, @ a rate of 8.1
 
D

Drone 42

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Messages
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Got 8.3% from fnb on a 715 000 house with 315 000 deposit. So basicly 400 000 bond

That was the best I got, some of the other banks were crazy like absa, over 10%. Standard about 9.7%
I recomend using betterbond, they were great and do all the hard work for you with no charge

First time buyer and this was in March
 
P

Pengorn

Active Member
Joined
Apr 19, 2012
Messages
94
Rates are definitely down compared to 3 years ago. The economic crisis has put pressure on the banks, and Basel 3 forces them to increase deposits (and effectively decrease loans).

I bought a house 3 years ago, R950k, got 100% at prime less 1.7% with Investec, my first house. A year before that my mate got a similar loan for less 2.5%. Now 3 years later, with increased earnings and assets, I got a 100% R1,5m loan at only less 1%. Just shows how my rates increased.

RMB quoted 90% at less 1.25%. Standard and FNB both quoted 90% at plus 1%, ABSA at plus 1.5%.
 
Dolby

Dolby

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Jan 31, 2005
Messages
32,687
What is recent ... ?

I'm February/March 2011 - not sure if I should post?
 
S

snail

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Dolby said:
What is recent ... ?

I'm February/March 2011 - not sure if I should post?
Click to expand...

Yeah, as the previous poster posted....times have changed, however you could still post it so we can see what the difference is.
 
Dolby

Dolby

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The bank was FNB and the property was R915,000.00

Was required to put a 10% deposit and bond was the other 90% (R820,000.00).
They gave me prime + 0.2% and it was first property purchase

Now that I think, it was probably April/May 2011
 
V

volstruis

Senior Member
Joined
Aug 30, 2006
Messages
595
House : R850 000
Deposit : R200 000
Loan : R650 000

FNB : 8%
ABSA: 8.45%
SA Home-loans is currently fighting to get me 8.1%
Still waiting for Nedbank and Standard Bank.
Also this is my 1st house , I will also be paying all other costs transfer etc out of my pocket not with the loan.
 
hellfire

hellfire

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Messages
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Tinuva said:
I have a friend, who got:

Bank: Standard Bank
Rate: 10.45
Loan amount: +- R700,000
Deposit size: R0 (Standard Bank is giving a 100% cover loan here)
1st home loan (joint loan between friend and his gf)


Bank: FNB
Rate: 9.5
Loan amount: +- R600,000
Deposit size: R0 (they would then have to pay the rest but the property to be, is going to cost R700,000)
1st home loan (joint loan between friend and his gf)

Edit: Adding, these were approved 2 weeks ago, so pretty recent.
My own homeloan was a year ago, @ a rate of 8.1
Click to expand...

Family members bond (Approved in April)
Bank: Standard Bank
Rate: 10.5
Loan amount: +- R950,000
Deposit size: R0
1st time home owners
 
ToxicBunny

ToxicBunny

Oi! Leave me out of this...
Joined
Apr 8, 2006
Messages
113,628
If you are looking now, then be happy when you get offered Prime.
 
S

snail

Expert Member
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Feb 5, 2008
Messages
1,395
Well this is what I am applying for,

Property: R595 000
Deposit: 10%
Legal/ bond registration fees etc: pay out of my own pocket.
1st time home owner
 
blunomore

blunomore

Honorary Master
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Jul 8, 2007
Messages
26,789
My husband got this last month:

Bank - ABSA
Rate - 8.26%
Loan amount - R800 000
Deposit size - 20%
 
H

heartbroken

Expert Member
Joined
Apr 2, 2010
Messages
3,073
Bank - ABSA
Rate - 8.3%
Purchase amount - R680 000
Loan amount - R612 000
First time home owner. Zero assets.
 
M

muazzamb

Well-Known Member
Joined
Jan 17, 2012
Messages
399
Bank - FNB
Rate - 10.15%
Purchase amount - R690 000
Dep size - 0%
First time home owner
 
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