We are pleased to present below all posts tagged with ' National Credit Act'. If you still can't find what you are looking for, try using the search box.
Home loan quotations in South Africa must disclose more than just the interest rate. Learn what banks are legally required to communicate - from fees and insurance to the total cost of credit - under the National Credit Act.
Popular tags: home loans South Africa, National Credit Act, property finance, mortgage quotations, Phoenix Bonds, total cost of credit
In South Africa, banks focus on income and affordability, not collateral, when approving home loans. Learn why serviceability is key.
Popular tags: serviceability, home loan South Africa, bond application tips, mortgage affordability, National Credit Act, collateral vs income, Phoenix Bonds, home loan prequalification
For both buyers and sellers, clarity on the fulfilment of the bond (financing) suspensive clause is crucial. Under South African law, and in particular the National Credit Act, knowing whether “grant of bond” or “acceptance by the purchaser” triggers fulfilment can determine whether a sale proceeds - or can be lawfully challenged.
Popular tags: home loans, comparing home loans, comparing home loans, mortgage bond, mortgage bond, national credit act
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