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When do you start paying your bond?

You will start paying your bond about a month after the bond is registered.

Which specific date of the month your account gets debited can be discussed between you and the bank. The bank should also contact you after the bond is registered to confirm the date of the first payment.

Bond registration usually takes about three months from the day your bond is granted. So three months for bond registration, plus another month until the first payment, means about four months from your bond being granted to the first payment. This gives you time to start setting money aside for the bond payments.

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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.

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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.

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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.

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