**Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
To speak to one of the Home Loan specialists
The values shown above are estimates only. The interest rate applied for the above calculation is the 5 year fixed housing loan interest rate and is subject to the assignment of salary to the bank. The final interest rate will be determined by the bank upon receipt of your supporting documents and evaluation.
Know what question the users frequetly asks about Home Loan and Calculator
A Mortgage or a Home Loan is a loan taken out to buy a property or land. Once a mortgage is taken, the borrower will need to pay off the loan amount plus the interest to the lender. If the borrower fails to pay the loan, then the ownership of the property or land will pass on to the lender.
The amount that can be borrowed will ultimately be decided by the lender and is dependent on factors such as your income, other borrowings/loans that you may have and your current expenses.
Below are some of the documents that the banks will ask before they approve your loan:
The bank will only arrange the loan and you will need to arrange the purchase of the property by contacting the advertiser/agent of the property directly. Once the owner or agent for the property has accepted your offer, you can contact the bank regarding the loan.