Cash Against Property
Is a loan facility to assist property owners to obtain cash from value of their residential or commercial property.
- Flexible financing upto 90%
- Flexible repayment term of upto 25 years
- Competitive Interest rates
- Allows you to acquire the value of the property while still retaining ownership
- A low contribution hence less financial stress in the onset.
- Competitive interest rates.
- Comprehensive Home owner’s Life, fire & house insurance cover.
- Long tenors to make repayments stress free
- National bank accelerated payments which enables customer to pay off loan sooner than stipulated in construction loan agreement.
- Access to dedicated mortgage specialists.
Rates / Pricing
- Appraisal fee – 1% of loan amount.
- Stamp duty on transfer – 4%
- Legal fees – based on Advocates remuneration order
- Valuation fees – Approx. 0.4% of property value
- Insurance (Life & Fire) – 0.5% of Mortgage cover
- Debit income ratio – 65% of net disposable income
- Interest rate – 15.45% on reducing balance