What do you need to submit an application for a home loan?

 

We need to prove that you can afford the loan applying for and that you are a credit worthy applicant. This means that you must do the following to make sure of this:

 

Salary earners:

 

The latest payslip must be provided and nett salary reflected on bank statements must be the same as the nett on payslip.

 

3 Months bank statements showing salary deposits that correspond with payslips

 

ID copies of all applicants

 

 

Self employed clients to provide:

 

2 Years financial statements

 

Accountant letter to confirm drawing of member/director

 

6 months business bank statements

 

3 months personal.

 

 

Determine what your credit standing is currently by logging into:

 

www.mytransunion.co.za, click on buy now, and also go to

https://www.creditexpert.co.za/CERegister1.aspx register and they will make a copy available to your credit report.

 

The banks use both these Buro's info to determine your credibility.