Documents Required for a Home Loan Application
Bond Choice will submit your home loan application on your behalf to the various banks and thus save you the time and effort of negotiating with the bank as well as providing the correct information to each of the banks.
To complete an application you will need to provide the following supporting documentation in terms of the relevant financial affordability assessments performed by the banks, and in terms of FAIS, FICA and the National Credit Act.
| Document |
Reason |
All persons need to provide the following information: |
| Certified copy of identity document |
Needed for Credit Bureau
Needed for client information checks |
| Copy of latest pay slip/ proof of income |
To assess affordability |
| 3 Months banks statements |
To verify net income |
| Offer to purchase (signed by all parties) |
It is a legally binding contract
To check property details, purchase price and deposit |
| Client's income tax number |
FICA requirement |
| Proof of physical address |
FICA requirement |
Additional documents for Practicing Professionals, Sole Proprietors or Partnerships |
| Two Years Financial Statements signed by the client |
Necessary to assess risk |
| Six Months Business and Personal Bank Statements |
Necessary to assess risk |
| Legal Docs-CK1 For Close Corporation and Founding Statement for PTY LTD |
Necessary to assess risk |
Additional documents for Companies or Incorporated Companies |
| Latest audited financial statements or Audited Accounts |
Necessary to assess risk |
| Latest certified financial statements |
Necessary to assess risk |
| Bank statements/reports for last three months |
To support turnover
Necessary to assess risk |
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