HOME LOANS FROM ABSA

Just a Special Thanks to ABSA for allowing us to publish their content!

APPLY FOR YOUR ABSA HOME LOAN TODAY - NEW

Gold Graduate Absa Home Loans Offer

Posted 05 May 2008

Retail Bank has placed renewed focus on the Gold Graduate customer segment as this segment offers significant growth opportunities.  All graduates who have completed a 3 year tertiary qualification, accredited by SAQA, and earn more than R3000 per month qualify for the Absa Gold Graduate cheque account. 

As a value added offering to the aforementioned customers Absa Home Loans have designed a number of special offers. One of these is a discount of 50% on the conveyance fees of a new ABSA home loan for Gold Graduate cheque account holders.

The discount on the attorney conveyance fees (bond costs) is valid if the Gold Graduate cheque account holder decides to take up a new home loan with Absa. All Absa customers who hold a Gold Graduate Cheque Account will qualify for the discount offer. The offer will be available from 1 May 2008 and continue until such time that it is withdrawn.

Process to be followed by external sources 

1.      The Absa Gold Graduate cheque account holder will qualify for the discounted bond costs irrespective of the channel they apply through (whether an Absa branch, contact centre, mortgage originator, etc.).
2.      The Gold Graduate account holder must advise the mortgage originator that they want to apply for the special discount ABSA home loan offer. 
3.      The originator is then required to write on the application cover page “Gold Graduate Offer” so that the Processing Unit is aware that they have to process this application with the special offer conditions.
4.      The AHL Processing Unit will do a check on the Absa Customer Information File to validate that the customer holds a Gold Graduate cheque account.

Offer Conditions

1.      Only customers with a Gold Graduate Cheque Account can qualify for the HL Gold Graduate Discount Offer.
2.      AHL selects the relevant campaign bond Attorney that will be assigned to the registration of the bond
3.      Should the customer want to make use of their own Attorney and this Attorney is not an AHL campaign Attorney, the 50% discount will not be applied.
4.      Some of these fees may attract VAT.
5.      The customer is liable for any charges with regards to entity changes.

Residential ABSA Home Loans Fixed Interest Rates

Posted 27 November 2007

We are pleased to advise you of the launch of ABSA's extended Fixed Rate Options. Customers are now able to fix their Monthly Home Loan Repayment for up to 10 years.

These fixed rates are available to existing and new customers with loans of up to 100%. The impact of rising
interest rates is starting to have a marked effect on disposable income and confidence levels amongst home
buyers this feature goes a long way in addressing this issues. Customers now have the ability to plan ahead for the next ten years.

Customers have the added option of only fixing a portion of the loan by making use of Absa’s Multiplan account offering. A customer may choose which portion of the ABSA loan should be calculated at a fixed rate and which portion should be calculated at a variable rate. The customer would therefore experience a reduced impact on the monthly instalment if the variable rate was to increase, as a portion would remain fixed. (Please note that MultiPlan can only be set up via a new loan, further advance or re-advance application process).

APPLY FOR YOUR ABSA HOME LOAN TODAY- NEW

Feeling the Pinch

In recent years, South Africa has enjoyed very favorable financial conditions and economic growth. As inflation and interest rates dropped and house prices rose, so more and more people were provided with easier access to credit and households spent more.

Unfortunately, the past few months have seen less positive economic data being released and, while the correction seems to be under control, the result of these changing economic factors has been to place financial pressure on manu households.

Recent surveys show that South African households are becoming more vulnerable to economic shocks - mainly because of their high debt levels. In other words, a sudden increase in the petrol price, higher food costs or another interest rate increase could put many South African households in a difficult financial predicament if they don't make an effort to get their spending and debt under control now.

If you're starting to feel the financial pinch of rising inflation and interest rates, the best response is to try as hard as possible to manage your debt. Wizard Midrand in conjunction with ABSA home loans offer this great service to you the client.

Other Banks:

FNB Home Loan
Standard Bank Home Loan
Nedbank Home Loan

APPLY FOR YOUR ABSA HOME LOAN TODAY- NEW

If you don't DIGGIT, it's because you haven't REDDIT, or you SIMPY don't think it's DEL.ICIO.US enuff!