Yes, you can pay off your bond as quickly as you choose. If you have a bond of R1 million at a 10.00% interest rate over 20 years, making a once-off extra payment of R10 000 would reduce the term of the loan by close to seven months and reduce the total loan amount by just over R61 100.
Use ooba’s extra bond payment calculator to find out how much you could save.
Average rating of 4.86 from over 4 550 reviews
Simply The Best
Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.
Tia J
Excellent Service
Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.
Brice G
Bond Application
Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.
Butana M