Private Individuals/ Salary Earners
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Offer to Purchase 1st and Second Page , last page with signatures
state guarantee to be provided, amount of the
Completed application guarantee to be equal to the loan amount to a
max of 125%.
Copy of Id/s By all applicants
state guarantee to be provided, amount of the
Assets and Liabilities guarantee to be equal to the loan amount to a
max of 125%.
To be completed signed and dated, salary
Income and Expenditure
deductions must be annotated
Latest 3 Months'. At least 1 month's
authenticated B/Stats (stamped ) With address
Bank statements
noted, if internet statements, the name and
account number, and stamped.
This will be seen as a NEW LOAN copy of title
Unbonded Properties - Title deed
deed to be provided
Age Limit 75 Years
Bonds to be registered in Name of a Company Copy of Memos & Articles / CM29 / CK1 or CK2
Proof of income
Latest Payslip -Not older than 60 days from the
Fixed monthly income
date of application
Weekly payments Latest 4 weekly Payslips -Not older than 60 days Latest 4 weekly Payslips
Latest 2 consecutive Payslips -Not older than 60
Fortnightly Payers
days
Latest 6 Months' consecutive payslips - Not older
Variable/ Commission Earners
than 60 days.
Acceptable Proof if Income Provided that a
Employment Contract detailed breakdown of income and salary
deductions is supplied
Handwritten Payslips Domestic workers / gardeners
IRP 5 May be called for at Credit's discretion
Cash Deposits not considered
Additional income
Properties bonded with SBSA - full rental
income. Properties not bonded with SBSA - Net
income. Valid Lease Agreement and Rental
Rental income Schedule (date purchased , purchase price,
valuation , bonded at ? Bank, rental income,
repayment, net income, only the surplus will be
used as extra income.
A Divorce Court Order and 3 months b/stats
Maintenance reflecting amount received, or garnishing order
reflecting on salary slip.
Acceptable , to be supported by 3 months Acceptable , to be supported by 3 months
Interest on Investments b/stats and letter from Company confirming the b/stats and letter from Company confirming the b/stats and letter from Company confirming the and letter from Company confirming the
Investment Investment
Acceptable , to be supported by 3 months Acceptable , to be supported by 3 months
Income earning on Annuity/Pension b/stats and letter from Company confirming the b/stats and letter from Company confirming the b/stats and letter from Company confirming the and letter from Company confirming the
Investment Investment
65% to be applied to qualify the client, which
Cost to company packages ever the higest,breakdown of income and
deduction letter to be supplied as well
Switch Statements 12 months statements required.
Housing allowance as per payslips. If it is variable If reflected on salary advice , amount as per the
Housing allowance
, 6 month payslips
State guarantee to be provided, amount of the
Housing subsidy( accompanied by state
guarantee to be equal to the loan amount to a
guarantee)
max of 125%.
Annual Bonus/Incentives/ shares and dividends/
No income will be used
profit sharing
Last Updated :29 November 2010
DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein
Must be signed , dated and include all details of
Seller and Purchaser , Property descriptions ,
Estate agents
Fully completed and dated , where possible it
should be signed by the applicant/s
By all applicants
Signed and dated
To be completed signed and dated, salary
deductions must be annotated
Not a pre-requisite , but FNB could call for them latest 3 months, internet statements acceptable
if they need to.
This will be seen as a NEW LOAN copy of title
deed to be provided
Not older than 65 Years, and bond must be paid
65 Years
up by the age of 75 Years
Copy of Memos & Articles / CM29 / CK1 or CK2
Latest Payslip
Latest 2 consecutive Payslips
Latest 6 Months' Consecutive Payslips. 50% of
average commission used for qualifying
applicant/s
Not acceptable, client must provide first
month's salary slip.
Not considered
May be called for at Credit's discretion
Not considered
The rental income must be from a FNB bonded
property or unbonded property, complete lease
agreements, and schedules, maximum of 50%
used as rental income.
Do not use maintenance.
Acceptable , to be supported by 3 months
Investment
Acceptable , to be supported by 3 months
Investment
100% may be used and will be assessed as per
Credit's discretion
6 months latest Home loan statements.,
permission to be obtained beforehand, and
permission to switch form.
salary advice to be used
Do not use this as income.
No income will be used
Full offer to purchase, To be signed by all To be fully completed and signed by all Parties
parties involved - Seller & Purchaser
Fully completed and dated , where possible it Fully completed and dated , where possible it
should be signed by the applicant/s should be signed by the applicant/s
By all applicants By all applicants
To be completed, part of application form To be completed, part of application form
To be completed, part of the application form To be completed, part of application form
Latest 3 Months, over the counter or post but
must be stamped by the relevant bank( Non
as well
Internet)
This will be seen as a NEW LOAN copy of title This will be seen as a NEW LOAN copy of title
deed to be provided deed to be provided
65 Years
Copy of Memos & Articles / CM29 / CK1 or CK2 Copy of Memos & Articles / CM29 / CK1 or CK3
Latest Payslip Latest Payslip
Latest 4 weekly Payslips Latest 4 weekly Payslips
Latest 2 consecutive Payslips Latest 2 consecutive Payslips
6 Months Average used. Supported by salary Latest 6 Months' Consecutive Payslips. 50% of
slips, 100% off average used. average commission used for qualifying applicant
Acceptable Proof if Income Provided that a Acceptable Proof if Income Provided that a
detailed breakdown of income and salary detailed breakdown of income and salary
deductions is supplied deductions is supplied
Not considered Not considered
May be called for at Credit's discretion May be called for at Credit's discretion
Not considered Not considered
12 Month Rental Agreement. In first 6 months
period only 50% used, in second part of 6 Copy of Rental agreement - to be fully completed
months 100%. proof of the rental income being & signed ( 40% of the rental income will be
received on monthly basis for the past 3 considered), and should reflect on bank
months and 100% of the total rental income statements for 3 months
amount declared will be used
A Divorce Court Order and 3 months b/stats A Divorce Court Order and 3 months b/stats
reflecting amount received, or garnishing order reflecting amount received, or garnishing order
reflecting on salary slip. reflecting on salary slip.
Acceptable , to be supported by 3 months b/stats
Investment
Acceptable , to be supported by 3 months b/stats
Investment
100% may be used and will be assessed as per 100% may be used and will be assessed as per
Credit's discretion, breakdown on income and Credit's discretion, breakdown on income and
deductions supplied deductions supplied
6 months latest Home loan statements.,
6 months latest Home loan statements.
permission to be obtained beforehand, and
Homebase
permission to switch form.
Letter from Employer confirming Gross figure.
Calc: Subsidy amount X 100% added to
If reflected on salary advice , amount as per the
applicant's income and 25% of subsidy amount
salary advice to be used
added to Tax reduction. If reflected on salary
slip , info per salary slip to be used.
State guarantee to be provided see maximum
Do not use this as income
loan amount of letter.
No income will be used No income will be used

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Offer to Purchase
Offer to Purchase 1st and second Page and signed pages.
Fully completed and dated , where possible it
Completed application
should be signed by the applicant/s
Copy of Id/s All members/directors/ Trustees copy of id's off all applicants
CK/ CM Docs To be provided
Yes, All members/directors/ to be provided, and Yes, All members/directors/ to be provided, and Yes, All members/directors/ to be provided, and Yes, All members/directors/ to be provided, and Yes, All members/directors/ to be provided, and
Assets and Liabilities
of the company/CC signed and dated. of the company/CC signed and dated.
Yes, All members/directors/ to be provided,
Income and Expenditure
signed and dated.
Personal Bank Statement 6 months for each member / director / trustee
Latest 6 Months'. At least 1 month's
Business Bank statements authenticated B/Stats (stamped ) With address
noted
Copy of Trust deed and Letter of Authority
Bonds to be registered in a trust
specifying that they may obtain finance
Bonds to be registered in Name of a Company/CC Copy of Memos & Articles / CM29 / CK1 or CK2
This will be seen as a NEW LOAN copy of title
Unbonded Properties - Title deed
deed to be provided
Proof of income
Letter from Registered Accountant/Auditor, Personal
No a pre-requisite.
income
Latest 2 years' comparable business audited
Financial Statements signed and dated financials, not older than 12
months.
When signed latest Financials are not available
Management Accounts provide latest set of management accounts
together with previous year's audited financials
SARS IT34 May be called for at Credit's discretion
Cash flow Forecast Not a pre-requisite , but may be required
Declaration for Self-employed Clients n/a
Additional income
Depreciation May not add back depreciation to net Profit
Net Profit May not be used as income
Last Updated :29 November 2010
DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein
Self- Employed Clients
Must be signed , dated and include all details of
Seller and Purchaser , Property descriptions ,
Estate agents
Fully completed and dated , where possible it
should be signed by the applicant/s
copy of id's off all applicants
To be provided
of the company/CC signed and dated.
Yes, All members/directors/ to be provided,
signed and dated.
Not a pre-requisite, credit could call on this
additionally.
Copy of Trust deed and Letter of Authority
specifying that they may obtain finance
Copy of Memos & Articles / CM29 / CK1 or CK2
This will be seen as a NEW LOAN copy of title
deed to be provided
No a pre-requisite.
Latest 3 Years not older than 6 months. No draft Latest 3 Years not older than 6 months. No draft
Financials will be accepted. Signed and dated.
If Latest Financials older than 6 months , up to
date management accounts signed by an
Auditor /Book keeper & applicant/s
May be called for at Credit's discretion
Not a pre-requisite , but may be required
Refer to FNB Declaration that needs to be sent
with application form
Refer to cash flow calculator.
Refer to cash flow calculator.
Non -Absa Self Employed Clients Existing Absa Self-Employed Clients
To be fully completed and signed by all Parties
To be signed by all parties To be signed by all parties
involved - Seller & Purchaser
Fully completed and dated , where possible it Fully completed and dated , where possible it Fully completed and dated , where possible it
should be signed by the applicant/s should be signed by the applicant/s should be signed by the applicant/s
copy of id's off all applicants copy of id's off all applicants copy of id's off all applicants
To be provided To be provided To be provided
of the company/CC signed and dated. of the company/CC signed and dated.
Yes, All members/directors/ to be provided, Yes, All members/directors/ to be provided, Yes, All members/directors/ to be provided,
signed and dated. signed and dated. signed and dated.
Latest 6 months consecutive and up to date
Latest 12 months
statements. Stamped, no internet
If Personal and Business B/stats at ABSA ,
statements will be drawn from Internal Records Latest 6 months consecutive and up to date
Latest 12 months
statements, stamped not internet.
Copy of Trust deed and Letter of Authority Copy of Trust deed and Letter of Authority Copy of Trust deed and Letter of Authority
specifying that they may obtain finance specifying that they may obtain finance specifying that they may obtain finance
Copy of Memos & Articles / CM29 / CK1 or CK2 Copy of Memos & Articles / CM29 / CK1 or CK3 Copy of Memos & Articles / CM29 / CK1 or CK4
This will be seen as a NEW LOAN copy of title This will be seen as a NEW LOAN copy of title This will be seen as a NEW LOAN copy of title
deed to be provided deed to be provided deed to be provided
" I hereby confirm that ( the applicant ) received " I hereby confirm that ( the applicant ) received
a monthly / annual / drawings of R" signed by a monthly / annual / drawings of R" signed by Letter of Income (with no reservations)
applicant & Book keeper with a Practice number applicant & Book keeper with a Practice number
Year on Year Business financials covering at 2 Years Signed (by an accredited Accountant/
least 2 years , the latest reporting period not Financial Officer/Auditor and signed by the
Financials will be accepted. Signed and dated. being older than 6 months. No draft Financial client) Comparable and up to date year end
statements. Financials not older than 6 months
If Latest Financials older than 6 months ,
If latest Financials older than 6 months ,
management accounts not older than 2 months If Latest Financials older than 6 months ,
management accounts not older than 2 months
signed by an Auditor /Book keeper & management accounts up to date.
, signed by the applicant/Bookkeeper
applicant/s
Alternative to Financial statements :The income Alternative to Financial statements :The income
on the applicant's past 3 years certified copies on the applicant's past 3 years certified copies
May be called for at Credit's discretion
can be verified against the turnover on the can be verified against the turnover on the
customer's account customer's account
Details for the next 12 months , supported by
Not a pre-requisite , but may be required May be requested
relevant docs e.g. contracts
n/a n/a n/a
May not add back depreciation to net Profit May not add back depreciation to net Profit May not add back depreciation to net Profit
May not be used as income May not be used as income May not be used as income
 Temporary Resident (Non SA Id living/working in SA)

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Must be signed , dated and include all details of

To be fully completed and signed by all Parties
Offer to Purchase 1st Page Seller and Purchaser , Property descriptions , To be signed by all Parties
involved - Seller & Purchaser
Estate agents commission.

Fully completed and dated , where possible it

Fully completed and dated , where possible it Fully completed and dated , where possible it Fully completed and dated , where possible it
Completed Application should be signed by the applicant/s. Together
should be signed by the applicant/s should be signed by the applicant/s should be signed by the applicant/s
with Exchange Control approval.

Copy of Passport yes yes yes yes

6 months bank statements where income is paid 6 months bank statements where income is paid 6 months bank statements where income is
Bank Statements 6 months transactional Nedbank statements
into into paid into

Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Terms
Employment Contract
Terms & Conditions Terms & Conditions Terms & Conditions & Conditions

Permit number , expiry date for RSA, remaining

Copy of Residence permit Permit number , expiry date for RSA Permit number , expiry date for RSA Permit number , expiry date for RSA
terms may not be less than 3 Years.

Permit number , Expiry date for RSA, Employer Permit number , Expiry date for RSA, Employer Permit number , Expiry date for RSA, Employer Permit number , Expiry date for RSA, Employer
Work Permit details, this must correspond with employment details, this must correspond with employment details, this must correspond with employment details, this must correspond with employment
contract. contract. May not be less than 3 Years. contract. contract.

Proof on Income Yes Yes Yes Yes

Refer to Private Individuals and Self-Employed Client's for Income Criteria

Last Updated :29 November 2010

DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein

Non Resident(non SA Id, living abroad)

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Must be signed , dated and include all details of

To be fully completed and signed by all Parties
Offer to Purchase 1st Page Seller and Purchaser , Property descriptions , To be signed by all Parties
involved - Seller & Purchaser
Estate agents commission.

Fully completed and dated , where possible it

Fully completed and dated , where possible it Fully completed and dated , where possible it Fully completed and dated , where possible it
Completed Application should be signed by the applicant/s together with
should be signed by the applicant/s should be signed by the applicant/s should be signed by the applicant/s
Exchange Control approval.

Copy of Passport yes yes yes yes

(6 months) Transactional Nedbank statements or

bank report from client's overseas bank (If client
Bank Statements 6 months' Bank statements 6 months' Bank statements 6 months' Bank statements
doesn`t have a Nedbank transactional account)

Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Terms
Employment Contract
Terms & Conditions Terms & Conditions Terms & Conditions & Conditions

Proof of 50% deposit held as per Exchange Control regulation as per Exchange Control regulation as per Exchange Control regulation as per Exchange Control regulation

Proof on Income Yes Yes Yes Yes

Refer to Private Individuals and Self-Employed Client's for Income Criteria

Last Updated :29 November 2010

DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein

Refugees (received asylum)

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To be fully completed and signed by all Parties

Offer to Purchase 1st Page Do not finance Refugees To be signed by all Parties
involved - Seller & Purchaser

Fully completed and dated , where possible it Fully completed and dated , where possible it
Completed Application Do not finance Refugees
should be signed by the applicant/s should be signed by the applicant/s

Copy of Maroon ID Do not finance Refugees

Bank Statements 6 months' Bank statements Do not finance Refugees 6 months' Bank statements 6 months' Bank statements

Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Terms
Employment Contract Do not finance Refugees
Terms & Conditions Terms & Conditions & Conditions

Refugee status valid for 2 years Do not finance Refugees valid for 2 years valid for 2 years

Proof on Income Yes Yes Yes Yes

Refer to Private Individuals and Self-Employed Client's for Income Criteria

Last Updated :29 November 2010
DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein
 SA Citizens Working Abroad

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Must be signed , dated and include all details of

To be fully completed and signed by all Parties
Offer to Purchase 1st Page Seller and Purchaser , Property descriptions , To be signed by all parties
involved - Seller & Purchaser
Estate agents commission.

Fully completed and dated , where possible it Fully completed and dated , where possible it Fully completed and dated , where possible it
Completed Application
should be signed by the applicant/s should be signed by the applicant/s should be signed by the applicant/s

Copy of ID /Passport yes yes yes yes

6 months' Bank statements reflecting stated 6 months' Bank statements reflecting stated 6 months' Bank statements reflecting stated 6 months' Bank statements reflecting stated
Bank Statements
income income income income
This will be seen as a NEW LOAN copy of title This will be seen as a NEW LOAN copy of title This will be seen as a NEW LOAN copy of title This will be seen as a NEW LOAN copy of title deed
Unbonded Properties - Title Deed
deed to be provided deed to be provided deed to be provided to be provided
Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Stating Employer details , Income , Contract Terms
Employment Contract
Terms & Conditions Terms & Conditions Terms & Conditions & Conditions

Permit number , expiry date for Foreign Country

Copy of Residence permit Permit number , expiry date for Foreign Country Permit number , expiry date for Foreign Country Permit number , expiry date for Foreign Country
and may not be less than 3 years.

Permit number , expiry date for Foreign Country

Work Permit Permit number , expiry date for Foreign Country Permit number , expiry date for Foreign Country Permit number , expiry date for Foreign Country
and may not be less than 3 years.

For South Africa and foreign country declared in For South Africa and foreign country declared in For South Africa and foreign country declared in For South Africa and foreign country declared in
Income and Expenses
applicable currencies. applicable currencies. applicable currencies. applicable currencies.

Proof on Income Yes Yes Yes Yes

Refer to Private Individuals and Self-Employed Client's for Income Criteria

Last Updated :29 November 2010

DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein
 Building Loans Supporting Documents

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Must be signed , dated and include all details of

To be fully completed and signed by all Parties
Offer to Purchase 1st Page Seller and Purchaser , Property descriptions , To be signed by all parties
involved - Seller & Purchaser
Estate agents commission.

Fully completed and dated , where possible it Fully completed and dated , where possible it Fully completed and dated , where possible it Fully completed and dated , where possible it
Completed Application
should be signed by the applicant/s should be signed by the applicant/s should be signed by the applicant/s should be signed by the applicant/s

Copy of ID yes yes yes yes

Fully completed & Signed contract(specified list Fully completed & Signed contract(specified list Fully completed & Signed contract(specified list Fully completed & Signed contract(specified list of
Building contract & Schedule of Finishes
of costs) of costs) of costs) costs)

Yes , with measurements and sized, approved Yes , with measurements and sized, approved
Copy of Building Plans Approved Building plan with application. Approved Building plan with application.
plans prior to registration only. plans prior to registration only.

NHBRC Registration (Builder) Yes Yes Yes Yes

NHBRC Builders Enrolment Certificate( Property) Yes, prior to registration only Yes, prior to registration only Yes, prior to registration only Yes, prior to registration only

If purchasing within a development ( Full title If purchasing within a development ( Full title If purchasing within a development ( Full title If purchasing within a development ( Full title
Site Layout Plan
stand) stand) stand) stand)

Proof of income

Employed & Self-employed Refer to Individual and /self-employed Criteria Refer to Individual and /self-employed Criteria Refer to Individual and /self-employed Criteria Refer to Individual and /self-employed Criteria

Last Updated :29 November 2010

DISCLAIMER: Although every effort has been made to ensure the accuracy of the content of this matrix, The Better Group and is subsidiaries accepts no liability in respect of any errors and omissions contained herein
 Place your logo here Consolidated Bank Fees Structure - in Accordance with NCA

ABSA

Initiation Fee Ordinary loan / Base rate of R991 + 0.35% of loan amount (with a max of R4842+ VAT)

Offer to Purchase Further loans / Further advances* Base rate of R930 + 0.35% of loan amount (with a max of R4842+ VAT)

Building loan / Further loans / Further advances * Flat fee R 4842 + VAT
* * * Only applicable on the advance portion

Monthly Service Fee Client using Absa HOC R 28.50

Client using other HOC R 45.60

Affordable housing with Absa HOC R 13.68

Affordable housing with other HOC R 22.80

FNB

Initiation Fee New and further loans R5700.00

Building loans R5700.00

Monthly admin fee Irrespective of loan amount R52.00

NEDBANK

Service Fee Pre NCA customers with a bond <R500 000 R 5.70

Pre NCA customers with a bond of > R500 000 R 39.90

New customers and Post NCA customers with Nedbank internal HOC R 39.90

New customers and Post NCA customers with Nedbank external HOC R 57.00

STANDARD BANK

Initiation fee Non-affordable housing R1000 + 0.70% of loan amount (with a max of R5700)

R5700 flat fee. ** A risk rate premium of 1.5% will be added to all Building Loans for the
Building loans entire term of the building loan. Once the product converts to an ordinary home loan, the risk
rating defaults automatically **

Service fee Client using Standard bank HOC R 45.00

Client using other HOC & NCA Safe custody account R 57.00
*** Further loans at Standard bank where the first bond was concluded prior to NCA will
attract the above mentioned initiation fee ***

Last Updated :29 November 2010