Hey Maya. My mother got a great ABSA Flexi bond of R330000. She had a second bond from R150000. Their own the fresh new thread was R488000 including charges. She made use of roughly R100000 of one’s financing more one year. I experienced a review of their own yearly bank statement and you can are shocked discover it added R100000 to help you their particular bond that is today R608000. They extra the loan double and there is no financing equilibrium remaining which should be approximately R40000. We’re battling consistently to own that have Absa to help you fix this dilemma. Today he or she is pushing their to offer as the she can not afford the new instalment. Delight Let.
Hello We have a fifteen years thread having StandardBank. I am today remaining that have half a year of your own price label. I’ve never withdrawn away from my accessibility bond while the rate of interest decrease over the period. What happens to that particular amount after 6 months?
Exactly what do you imply from the cure words? Would you like to shorten the period of one’s financing or slow down the cost?
I invested thirty minutes towards the mobile this morning with simple lender HL dpt, put myself for the keep for 80% of time
Hey, I really hope you could assist Financial institution housing mortgage. I was constantly capable supply the bucks I’d paid in to my bond, I am now paying a supplementary R1000 in addition monthly repayment. Up until months ago, my personal financial institution software reflects which i gain access to zero money even difficult You will find repaid R17000. As to why are unable to I have use of my personal loans. They just told you you really have no available loans. However, i will keeps given that I was spending in the a lot more and you can it reflects as the R17000 paid off. Entry to my personal currency has been recinded from me personally. They do say I have to get an effective readvance? let.
How you can make use of the supply thread is to try to look after the original repayment so as that every additional money you put from inside the stays readily available
Publish me personally an email with your account details and i also often forward to Lender. It could be a network glitch because of the payment vacation plan. It seems getting thrown up a myriad of things!
Hello Maya I wanted to activate the availability thread having basic financial . I happened to be informed when We withdraw the extra currency we would have repaid to your availability bond i can need to pay they straight back that have attract. Thus does this mean the cash about access thread is the brand new bank’s? I thought this would functions similar to a checking account.
An access bond enables you to shell out when you look at the money more than and you may more than the installments due. Since you have put in more money it reduces the rand property value the attention you pay just like the appeal grew to become energized towards a lower life expectancy number. Including ten% with the R500 000 is R50 000 but if you repaid for the R100 000 and you will smaller the bill in order to R400 000 next the attention is actually ten% to your R400 000 therefore R40 000. For many who next draw down you to extra R100 000 you’d paid-in, your own the balance dates back up to R500 000, so your focus rises in order to R50 000. Another thing to bear in mind, when you have installed extra along with your monthly cost decrease, then area of the extra money you put in is visiting the cost therefore the number one to stays available decreases. Does this identify they?