Compare the best loans of South Africa and find the lowest rate
Do you want to stop renting? It is time to give a real home to your family? If you are thinking about how to finance one, let me tell you that Better Life is one of the most convenient solutions to you financial problem. If you continue reading this article, you will find information about Better Life home loans, contact, application, quotes and even other loans that may work at your advantage. The company was born in 1992, and although the head office is located in Johannesburg, there is a branch in the city of Rustenburg to assist clients. Keep on reading and find more!
Home loans: information and details
-Only by completing the online application, loans specialist will be able to help you with the whole process without additions charges.
-BetterLife Group in conjunction with the following banks: Absa, Nedbank, Standard Bank, Mercantile Bank, First National Bank, Investec and more.
-You will be given a list which contains a list to compare loans side by side so as you can choose the most convenient.
-You will be walked through a pre-qualification process so as to know the amount of money you will have to make the purchase.
-Representatives are highly specializes y they will help you from the very beginning until you walk in the house!
-Interest rates will depend on your credit history, on how much money you need and in the length of the period you choose. However, take into account that the minimum is 10.5%.
-In the official webpage, you have an online calculator that will help you estimate payments. We will show you some examples afterwards.
What is the pre-qualification process?
Before you apply for a loan, you have to contact a Better Life representative so as to pre-qualify for a loan. In this step, you will have to submit all the documents you are required (developed below) so that you are checked. Once assessment finished, you will obtain a certificate that allows you to start looking for a home. Such document is valid for 3 months and there are no hidden charges included.
Are There Any Other Kind of Loan to Apply For?
Yes, there are! If you are in hurry to make any purchase or an unexpected charge has come up, don’t hesitate to apply for a Better Life Personal Loan. The company works in association with DirectAxis Financial Service to offer amounts of money that start at R5 000 up to R150 000. As far as financing is concerned, you can repay the loan in terms that are between 2 and 6 years.
In order to show you how financing works in real life, here we will show you some examples:
-Imagine you need a minimum amount of R5000 to make little home improvement. You can repay the loan in 2 years with quotes of R403. In case you need a longer period, you can also make 48 payments of R260. Please take into account that you can also count on the longest period. This means that you will make 72 payments of R255. Please take into account that the total amounts you pay will be of R9 669, R13 905 and R18 395, respectively.
- You can also apply for a loans of R60 000 to change your vehicle, for example. An in this case, the repayment options are the following. You can choose the shortest financing term and make 24 payments of R3695. In this case, the total amount of the loan with interest and fees will be of R88 680. Another possibility is the term of 4 years. With this option, you will make 48 of R2468, which makes a total amount payable of R118 000. If you choose the longest financing options, you will make 72 payments of R2097. Which means you will end up paying a total amount of R150 985.
-In case you are thinking about the highest loan, you can get R150 000. Financing options start at 2 years with quotes of R9029, which means a total amount of R216 684. You can also make 36 payments of around R6982 and eventually pay R251 368 in total. Those who need longer financing terms can select a five-year or six-year term. This means you will pay R5434 and R5080, and pay total sums of R326 019 and R365 789, respectively.
Requirements and terms
In case you are interested in any of the programs developed above, before starting application, please take into account that you have to be a South African resident older than 18. Besides, you have to earn a minimum income of R5 000 monthly and for this purpose, you are required to present your last three pay slips. What is more, you will need a document which confirms your current address and the details of the bank account where you receive your salary.
Now you have all the information you need about Better Life Home Loans, let´s see how you can contact the company. In person, you can visit representatives in the branch 161 Krunger Street, located in the CBD of Rustenburg. This office has its exclusive phone number which is 27 14 592 2825, but there are other lines open for current and prospective clients. The general one is 0860 555 540. For specific information about home loans, please call 0800 007 111, and for specific information about personal loans, don’t hesitate to dial up 0860 221 333. It is important to know that hours of attention go from 7 a.m. to 8 p.m. and on Saturday from 8 a.m. to 12 p.m.
Before closing our article, let me show you a chart with all the main points of Better Life loans:
Up to $150 000
General phone number
0860 555 540
Address is Rustenburg
161 Krunger Street
To conclude, let’s repeat one of the Better Life’s objectives: “To build our Dream with the ‘right’ people”. Contact Better Life not only to finance your home, but also any other purchase you want to make.