Phone us on 0860 00 66 22

Phone us on 0860 00 66 22

This is how you could save nearly R40 000 on a home loan

Does a 0.25% discount in the interest rate that you are paying on your home loan really make that much of a difference? Whether you’re a first-time buyer – where affordability can be a challenge – or a seasoned home owner, that answer is yes.

Save on Home Loan

Does a 0.25% discount in the interest rate that you are paying on your home loan really make that much of a difference? “For first-time buyers – where affordability can be a challenge – or for seasoned home owners, that answer is yes,” says Kay Geldenhuys, Head of Sales Fulfilment at ooba. “A 0.25% reduction in the rate on a R1 million home loan can save the buyer almost R40 000 over 20 years.”

Of course, using a bond originator such as ooba to source multiple quotes from banks will make comparing the best rates that much easier. You’ll be able to compare interest rates and terms, and choose the best deal.

Banks compete for your business, and you can use this to your advantage. ooba is successfully securing approval for almost 80% of the bond applications we submit to the banks, while ensuring our clients get the best possible interest rates on their loans.

How much can you afford?

Calculate the home loan you are likely to qualify for and how much you can expect to pay monthly on your bond repayments.

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Effective 1 April 2018, by order of National Treasury, Value-Added Tax (VAT) will increase from 14% to 15%.

Please note that this increase will retroactively effect VAT-inclusive calculations in articles contained in our website.