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• Repayment up to 10 years

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Get an approved home loan at Finsap

A client needed Finsap home loan services to purchase a house worth R895 000, with no cash available yet from their current house's sale.

The house they are currently selling is worth R400 000. This is the first time the client does business with Finsap, but their credit record seems trustworthy. Finsap provided the client with the needed help by constructing a term and repayment that is affordable.

The payment for the loan in total is R900 000 with a term of 12 years and the first  12 months of the loan interest only. Finsap asked for an interest rate of 5%. The client also will not be penalised for paying back the capital of the house when sold.

Medium-term loan

Short-term loans are perfect for cash emergencies, but sometimes longer time is needed to pay off a small investment of sorts. These include unexpected cash emergencies, business finance, and furnishing a home. Finsap Medium-term loans allow access to a larger amount of cash and a longer-term of 1 to 2 years.

Long-term loan

Finsap provides a long-term loan for those who need to borrow the maximum amount of cash that they can. Most clients need long-term loans for buying a house or a car. The term for long-term loans is 3 to 10 years, allowing clients a flexible period for repayment. A Finsap professional ensures that the client can comfortably make the repayment and eventually become debt-free. 

Finsap’s low-interest home loans

A home loan is a long-term commitment that most people need to make. At Finsap, consultants guide clients throughout the process and construct a payment plan and term that fits their needs. Home loans are long-term loans of 10 years because of the size of the amount. 

Finsap provides a fixed rate home loan, where the client pays a fixed monthly instalment for a set period. After this period, the interest rate is applied to the monthly repayment, and interest on a Finsap online personal loan starts at 5%.

This accommodates homeowners trying to sell a previous property and wishes to make a lump sum payment when the buy is successful

Check your credit rating

A home loan is a long-term commitment, which means that Finsap and the client need to make sure that they can keep to what they committed. A good credit record is needed to show that clients can keep up repayments.

Request a free credit report you are entitled to do, and make sure that everything is in order. Mistakes do happen, but it is easier to get an approved loan after checking and fixing those errors.

Save for a deposit

A deposit is an amount of money paid that the client usually saved when purchasing the house. First-time homebuyers can apply for complete coverage from the home loan, but a deposit is very beneficial.

Saving for a deposit helps lower monthly repayments towards the home loan and helps lessen the total amount and term of the loan. It can also increase the chances of getting a loan when your credit history is less than perfect.

Get an approved home loan at FINSAP – and be in control of the negotiation

Once a client has an approved home loan, it is easier to get the dream house they want. People who are selling a house would choose someone with a pre-approved loan above someone who still needs to apply.

A pre-approved home loan also provides clients with negotiation power because the seller knows that they already have access to funds.

Finsap is a trusted & reliable provider of home loans

In our review, Finsap adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Finsap is a registered credit provider in South Africa: NCRCP 10078