 |
Printed on 10 Mar 2010 | 15:14:15 |
You are here: Just Finance / Asset Finance
Asset Finance
No longer will youth be wasted on the young. Through using your home loan to finance the things you want, you don’t have to wait till you retire to start having fun! You benefit from the low interest rate on your bond, plus we will show you how to structure your payments so that you can pay your bond off far sooner, reducing your interest paid over the life of the home loan.
Each individual has different circumstances, so try out our Debt Consolidation Calculator, or ask a consultant to assist you, and see how much you could be saving, both monthly and over the home loan term.
Take all your monthly debts and transfer them to your home loan, because interest charged on debt is usually at a higher rate than a home loan, so the monthly cost of this debt will reduce, but, you are now looking at paying short term debt over the longer term, which increases the overall interest paid. How about taking a portion of your new monthly savings and paying it into your home loan? While still keeping some extra spending money in your pocket, you are now reducing the term of your home loan! Yes, you will pay it off early and reduce the overall interest paid over the term! You can also increase your installments annually with your salary increase, and, of course, that promotion and bonus your boss thinks you deserve!
Asset Finance Application
Just Finance will assist you in completing your application form, gather all the required documentation from you, and motivate your application, which will then be submitted electronically to your bank through our state-of-the-art systems.
Just Finance will track your application throughout the entire process, keeping you updated along the way. Once your further loan has been granted, and you have accepted the terms we have negotiated on your behalf, we then follow the progress while the documents are being drawn up by the attorneys for registration at the Deeds Office. Just Finance will only step back once your further loan has been registered.
An example would be the purchase of a boat:
Purchase price R125,000.00 over 5 years at Prime +1% will cost you R2,871.25 p/m (usually Prime + lots more!) Now take that same boat and finance it through your bond over 20 years at prime less 1.5%. You will only pay R1,290.00 p/m. Now the boat is within your reach!
Call 031 765 6609 or fill in your details below and a consultant will contact you as soon as possible.
Stay Informed with all the latest finance news!
Fill in your details below and any articles added to the system will be sent directly to your inbox.
