Hello Maya. My personal mom got an effective ABSA Flexi bond away from R330000. She got a second thread out-of R150000. Her the new bond was R488000 and additionally costs. She put roughly R100000 of loan more 12 months. I got a look at their unique yearly financial declaration and you will is shocked locate they extra R100000 so you’re able to their thread that’s now R608000. It additional the loan twice and there’s zero loan harmony left which should be about R40000. We’re struggling for years having which have Absa to rectify this matter. Today they are pushing their particular to market while the she can’t afford the instalment. Delight Let.
Hey We have a 15 years bond which have StandardBank. I am today remaining which have half a year of the contract identity. We have never ever taken off my personal availableness thread whilst interest rate dropped over the several months. What are the results compared to that number shortly after 6 months?
Exactly what do your indicate from the eradicate words? Do you want to reduce the period of one’s loan otherwise reduce the payment?
I invested thirty minutes toward phone yesterday with simple bank HL dpt, lay me on the hold to own 80% of time
Hey, I really hope you can let Lender housing financing. I happened to be always able to availability the bucks I had paid down into my bond, I am today paying an additional R1000 on top of the month-to-month fees. Up to several months before, my personal standard bank app reflects that i gain access to no money also tough We have paid back R17000. As to why cannot I have use of my personal financing. They simply told you you may have zero readily available financing. But i should has given that I have already been using for the extra and you can it reflects because the R17000 reduced. Access to my personal money has been taken away off me. They say I need to sign up for a good readvance? assist.
The way to use the access bond is to try to take loan places San Diego care of the first repayment in order for all additional money you devote during the stays available
Send me a contact along with your security passwords and i also usually toward Standard bank. It could be a system glitch because of the percentage holiday program. It appears to be to have tossed right up all sorts of points!
Hello Maya I wanted to activate the fresh new access bond which have simple lender . I became told that when I withdraw the other money we will have paid down with the accessibility thread i could have to pay it back that have focus. Therefore does this imply the cash regarding the availableness bond is the brand new bank’s? I imagined this would functions like a savings account.
An access thread makes you pay into the money more than and you may over your installment payments owed. Since you have setup more income they decreases the rand property value the attention you have to pay as the desire became charged toward a lowered count. Such as for instance 10% to the R500 000 will be R50 000 but when you paid off inside R100 000 and you can reduced the bill so you’re able to R400 000 next the eye was 10% into R400 000 therefore R40 000. For those who following draw off that a lot more R100 000 you had paid in, your own a great harmony extends back to R500 000, so that your focus goes up to help you R50 000. One more thing to recall, for those who have installed most and your month-to-month fees decrease, up coming a portion of the extra money you spend try going to the fees therefore the count one to remains obtainable decrease. Does this describe it?