1 BOND
Bond Consolidation
Consolidate all your Debt into Your Home Loan
The option to Consolidate debt into a Home Loan can only be offered to existing registered homeowners. We assist employed homeowners with high levels of personal loan debt by using the available equity in their property to settle all debt. Monthly cash flow also improves and increases considerably as a result. Adverse credit report listings and judgements that you may have are then removed from all credit bureaus.
What is Bond Consolidation?
The option to consolidate debt into a home loan can only be offered to existing registered homeowners. Your original home loan or first home loan is used for buying property. Increasing your bond and accessing the equity available can be used for bond consolidation, renovations etc.
Low-Interest Rates
Unsecured debt is usually granted at a higher interest rate than the interest rate offered when extending your home loan, making this way of consolidating debt very attractive.
Low-Interest Rates
Unsecured debt is usually granted at a higher interest rate than the interest rate offered when extending your home loan, making this way of consolidating debt very attractive.
The Benefits of Bond Consolidation
- Assist you in improving your credit score.
- Early Settlement discounts on all of your debt.
- Ensure that any judgements are rescinded and removed from the credit bureaus.
- Ensure that all adverse listings are removed from your credit report.
- Ensure that all accounts are listed as “paid-up” at the credit bureaus.
- Reduce monthly debt re-payments and increase monthly cash flow.
- Consolidate debt into one affordable monthly payment.
Qualifying Criteria: Minimum Requirements
- You must be a registered Home Owner.
- You must be permanently employed for a minimum of 6 Months.
- You must have a valid bank account where your salary is paid into.
- You must receive enough income to service the new loan.
- You must have enough available equity in the property.
- Your total household expenses should not exceed your income.
- Applicable to creditworthy, non-credit worthy and consumers under Debt Review.