New value added service for declined applications

We can assist all clients who have been declined due to adverse listings, judgments or poor credit profile.


1 Clients who have settled their debts and need their credit bureau profile improved.

2 Clients who have NOT yet settled their debts, but have the funds to settle their debts themselves and need their credit bureau profile improved.

3 Clients who own a property (with sufficient equity), have a poor credit profile and do not have the funds to settle their debts themselves. In this case we could assist the client with a bridging loan.


CLIENTS WHO CANNOT BE ASSISTED WITH BRIDGING LOANS

1 Clients who are under administration or have consulted with a debt councillor.

2 Clients who have been sequestrated and have not yet been rehabilitated.

3 Clients who own a property with insufficient equity.

4 Clients who are purchasing a new property i.e. not switching or applying for a further loan.

5 Clients who have Standard Bank judgments. We will consider these if the bank has already consented to rescission of judgment.

6 Clients who have 3 or more “unremovable” defaults and/or an extremely poor payment profile.



INFORMATION REQUIRED FROM A CLIENT

1 All applicable ID documents.

2 Marriage certificate (if applicable).

3 ANC contract (if applicable).

4 Latest 3 months bank statements or 6 months if self-employed.

5 Latest 3 months payslips or letter from auditor if self-employed.

6 Latest 6 months bond statements or 12 months if self-employed.

7 Latest rates account.

8 Latest water and electricity account.

9 Latest Levy account (if applicable).

10 Statements from companies that client is indebted to or in arrears with, or a list of the accounts with approximate outstanding amounts and account numbers, if possible.

11 If self employed, 6 months company bank statements and company registration documents



PROCESS FLOW:

The application is scrutinised and either approved or declined.

If approved, the client signs legal documents and securities are put into place.

Debts are settled and the client’s credit bureau profile is attended to.

We submit the home loan application to the relevant financial institutions for approval.

The home loan is approved.

The amount outstanding for bridging is settled by the attorneys on registration from the balance of the proceeds.



We also now attend to switches to the following banks:

· ABSA

· SA Home loans

· Ithala



In addition we also now assist with commercial bonds to the following banks:

· Standard bank

· Ithala

· Imperial bank

· Nedbank

· Absa

· Fnb



If a client require a personal loan we can assist them at the following banks:

· Nedbank

· Fnb

We also now attend to new loans & further advances to the following banks:


· SA HOME LOANS

· ITHALA

Email vania@bondapply.com for more info.