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Become Bond
FREE
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FREEBOND™
specializes in
providing you with the best deal, and giving you expert advise in how to settle
your bond as quickly as possible. |
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In addition to re-negotiating the best rate for you, we recommend
that you institute the following actions on your bond account: |
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Have you salary deposited directly into your
bond account |
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Pay any extra cash into your bond account,
even if it is only R100 per month |
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Ensure that your bond has an access facility
on it |
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Pay tour annual House Owners Insurance fee
directly, do not finance through your bond account |
We guarantee that the above actions will
save
you thousands of Rands in interest and/or significantly shorten your bond
term, hereby making you bond free much quicker.
Example of how much you can SAVE:
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Bond Amount |
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R800 000 |
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Rate |
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13% |
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Term |
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240 months |
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Minimum payment required |
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R9 659.00 pm |
Additional Payment
Calculations :
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Calculates the effect of an Additional
Monthly Payment > |
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Date : |
2008/10/15 |
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Property use :
PRIMARY / MAIN RESIDENCE |
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Information Provided : |
Calculated Results : |
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Interest / Base Home loan rate: |
13.500 % |
Monthly repayment
(including additional
payment): |
9 759.00 |
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Property type/use rate premium: |
0.000 % |
Interest saving: |
83 348.97 |
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Customer rate: |
13.500 % |
New bond term: |
19.08 years |
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Bond term: |
20.00 years |
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229 months |
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240 months |
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Loan amount: |
R
800 000.00 |
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Additional payment |
R
100.00 |
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Calculates the effect of an Additional
Monthly Payment > |
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Date : |
2008/10/15 |
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Property use :
PRIMARY / MAIN RESIDENCE |
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Information Provided : |
Calculated Results : |
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Interest / Base Home loan rate: |
13.500 % |
Monthly repayment
(including additional
payment): |
9 859.00 |
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Property type/use rate premium: |
0.000 % |
Interest saving: |
159 038.95 |
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Customer rate: |
13.500 % |
New bond term: |
18.25 years |
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Bond term: |
20.00 years |
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219 months |
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240 months |
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Loan amount: |
R
800 000.00 |
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Additional payment |
R
200.00 |
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Calculates the effect of an Additional
Monthly Payment > |
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Date : |
2008/10/15 |
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Property use :
PRIMARY / MAIN RESIDENCE |
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Information Provided : |
Calculated Results : |
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Interest / Base Home loan rate: |
13.500 % |
Monthly repayment
(including additional
payment): |
10 159.00 |
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Property type/use rate premium: |
0.000 % |
Interest saving: |
337 154.89 |
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Customer rate: |
13.500 % |
New bond term: |
16.25 years |
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Bond term: |
20.00 years |
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195 months |
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240 months |
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Loan amount: |
R
800 000.00 |
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Additional payment |
R
500.00 |
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The above examples show the
huge interest saving and
reduction in term that can be made simply by making an increased monthly payment
This will also safeguard you
against possible interest rate hikes. FREEBOND™
will ensure that your bond is an access bond, which means that you will at
anytime be able to access the additional funds that you have deposited should
you have an emergency.
Let FREEBOND™ peruse your current debt portfolio
and se how we can help you save thousands of rands, and also become
BONDFREE
much quicker.
Remember, its FREE!
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