Home Loans: find out what you can afford in 3 minutes

Private Property South Africa
Private Property Reporter

Nedbank’s new offering for home loan clients, the Instant Bond Indicator, is the first of its kind in South Africa. The tool will give clients an indication of the home loan amount they could qualify for in less than three minutes.

“Instant Bond Indicator is the first step in our online application process and will provide clients with an immediate indication of how much the bank can extend on a home loan. The indicator results will provide clients with the loan amount they could quality for, the deposit required, the expected instalments based on the loan amount, as well as estimated additional costs associated with the loan, such as transfer duties and attorney’s fees”, explained Timothy Akinnusi, Head of Sales and Client Management at Nedbank Home Loans.

Responding to clients’ needs

“We are particularly pleased about the launch of Instant Bond Indicator as it forms part of our client-centred approach of delivering a choice of distinctive banking experiences and a range of channels. The development of the tool is a direct result of listening to our clients’ request that they would like to have an indication of what they could possibly qualify for before going through the full application process”, said Akinnusi.

The Instant Bond Indicator follows on from the well-received launch of Nedbank’s online home loans application process in September 2012. To date over 30,000 applications have been processed through their online channel.

Whether someone is browsing through the property pages or driving around on a Sunday looking at show houses, all they need to do is pull out their smart phone and answer a few quick questions once they have found the property that they are interested in. Once the results of the Instant Bond Indicator are displayed, clients can then sign an offer on the property and continue with the easy online application process to find out within hours whether the bond has been approved.

The Instant Bond Indicator puts the power at the fingertips of our clients. They are able to get an indication of the loan amount they could qualify for anytime, anywhere and in less than three minutes.

"Following on from the launch of this innovative new tool, we stay committed to listening to our clients’ needs and finding ways to add real value to their lives”, concluded Akinnusi.

Apply online at nedbank.co.za/homeloans, contact us on 0860 911 007 or visit your nearest Nedbank branch for more information.

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