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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Joined
Oct 4, 2005
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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Messages
32,689
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...
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Apr 8, 2006
Messages
113,629
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
Joined
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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