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ABC Bonds Products - Debt Consolidation with Mortgage Bonds / Home Loans in South Africa
Debt consolidation with your mortgage bond
You going to love us once you see how this works.
Lets say you bought your house in 2000 with a 100% home loan
= R500 000 @ 11%
Your house is now worth = R750 000 (yeehaa)
Before Debt Consolidation
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Home Loan
|
Vehicle Finace
|
Credit Card
|
Bank Overdraft |
Loan Amount
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R 500,000
|
R 125,000
|
R 35,000
|
R 45,000 |
Repayment Period
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240 Months
|
60 Months
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Indefinite
|
60 Months |
Interest Rate
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11.00%
|
11.50%
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18.00%
|
13.50% |
Monthly Payments
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R 5,160
|
R 2,749
|
R 350
|
R 1,035 |
TOTAL LOAN AMOUNT R 705,000
TOTAL MONTHLY PAYMENTS R 9,294
After Debt Consolidation
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Home Loan
|
Vehicle Finace
|
Credit Card
|
Bank Overdraft |
Loan Amount
|
R 705,000
|
R 0
|
R 0
|
R 0 |
Repayment Period
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240 Months
|
0 Months
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Indefinite
|
0 Months |
Interest Rate
|
9.50%
|
0.00%
|
0.00%
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0.00% |
Monthly Payments
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R 5,160
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R 0
|
R 0
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R 0 |
TOTAL LOAN AMOUNT R 705,000
TOTAL MONTHLY PAYMENTS R 6,571
DEBT CONSOLIDATION BENEFIT
MONTHLY SAVINGS ON PAYMENTS: R 2,723
SHOULD YOU PAY THE SAVINGS INTO YOUR BOND ACCOUNT,
YOU COULD PAY YOUR BOND OFF IN UP TO 10 YEARS EARLIER.
So if this rings some bells, why don’t you complete the
application form, and one of our dudes will be in touch as quickly as
Makhaya Ntini.
To complete the online application form should take about 10 minutes
(provided you are literate). The more information you have ready, the
faster things will happen. One of our dudes will contact you on receipt
of your application form to collate the supporting documentation required
to complete the application process.
Click here to complete the application form
If you are a fuddy duddy and you don’t feel comfortable submitting
the application form online, please
let us know and we will either post or fax you an application
form.
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