FreeBond receives a commission from the banks for all successful business referred to them. We utilize a portion of this commission to pay our clients attorney bond registration costs when we are able to appoint the registering bond attorney as we then negotiate a reduced fee on behalf of our client. This enables us to save our clients thousands of rand in fees whilst still getting them the best deal!. However, in view of different commission structures received, we are obliged to make the following exceptions:

1. Minimum loan amount to qualify for a FreeBond is R400 000 - Loan amounts of R200 000 to R400 000 qualify for a 50% discount on attorney bond registration costs. Loans under R200 000 do not qualify for any discount on attorney bond registration costs.
   
    

2. Blacklisted clients do not qualify for any discount on attorney bond registration costs, client remains responsible for this.
   
    

3. Switch applications do not qualify for any discount on attorney bond registration costs, client remains responsible for this.
   
    

4. S A Home Loan deals do not qualify for any discount on attorney bond registration costs, client remains responsible for this.
   
    

5. FreeBond does not cover the deeds office fees, FICA fees nor posts and petties, the client remains responsible for this fee levied by the bond attorney (usually approximately R1000)
   
    

6. FreeBond will thus cover 100% of the attorney bond registration costs where we have arranged the home loan, subject to the exclusions above.