APPLYING FOR CREDIT - DOCUMENTS REQUIRED

Below is a general requirement but please note that this will vary from bank to bank. If you would like us to put you in touch with a Bond Originator we will do so and they will advise you fully on current requirements. Please note that all of this is not required for pre-qualification.

• Fully completed and signed application forms.
• Copy of Identity Document/Passport
• Proof of income – three months payslips for an individual and Audited Financial Statements as well as Auditors Certificate of Income if self employed
• If you earn commissions you will have to provide the last 6 months payslips
• Copy of Offer to Purchase (including property details).
• Three consecutive months of bank statements where income is reflected. (If self employed, then supply the business bank statements as well)

Additional documentation required if an Employer Guarantee is offered

• Z572/ 3 (If you are an employee of the state)
• Letter of Intent/Letter of Guarantee (If you are not an employee of the state)  

Documentation required if a company, closed corporation or trust

• When you apply for a home loan in the name of a trust, close corporation or company, the will require such an entity to be the applicant for the loan, not you personally. You will then need to supply ;
• Registered founding statement of the close corporation, memorandum and articles of association of the company or the trust deed of the trust, in order to prove its existence.
• Certain supporting documents, such as audited financial statements
• A copy of the company resolution to purchase the property
• In the event of a trust, a copy of the minutes authorising such purchase, as well as the Trustees Certificates of Authority
• Additionally, the bank might require personal suretyship from members and shareholders or trustees may also be called for in certain cases.

For more detailed information on Finance issues go here
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