If you own property, you can apply for additional funds on your existing bond; of course, that’s as long as there is positive equity in the property (i.e. the value of the property exceeds the current outstanding loan amount). Bond consolidation also allows you to make a ‘clean start’ by converting your various existing commitments into a single, manageable monthly loan payment. This also saves on multiple fees, service charges and debit order charges on the multiple loans.
With a Finwell Bond facility, you won’t have to take out a personal loan to cover those surprise expenses and to settle your debt.
There are many benefits to a Finwell Bond!
A home loan enables you to access credit at significantly lower rates than other forms of credit, such as personal loans. This allows you a very favourable way of financing otherwise expensive debt, such as money for education fees, emergency purchases and debt reconciliation.
Renovations or improvements you make to your home with the funds from your Finwell Bond will ultimately add to the value of your home.
It is much simpler and less costly than registering a further advance or second bond.
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No not at all we help our clients to get rid of debt review and remove any other negative defaults from their name.
No, the property remains in you name, your bond is just with us as security.
After LODGEMENT it takes between 7 and 21 days.
No, we will need statements of all the creditors and then the attorney will settle all the accounts directly with the creditors. You will receive up to R10 000 cash back.
Yes, we do, we consolidate all your debt into 1 loan facility.
Yes, you can, we will need a quote, and before and after photos.
Yes, but we advise you not to. A small account is good, but if you need a loan, please contact us before you go to any other credit provider.