1. Name of Financial Institution
2. Name of Branch
3. Property Description
4. Type of home loan
| (b) |
Pension or provident fund secured loan |
| (d) |
Instalment sale under Chapter II of the Alienation of Land Act, 1981 |
| 5. |
Accepted security available in respect of the home loan |
| (b) |
Covering mortgage bond |
| (c) |
Pension or provident fund guarantee |
| (d) |
Loan guarantee policy |
| 6. |
Use for which home loan is required |
| (a) |
Purchase of existing home |
| (c) |
Improvement of existing home |
| 7. |
Home loan amount applied for (to the nearest R1 000,00) |
| (c) |
Legal entity (close corporation, company or trust) |
| 9. |
Proposed repayment to income ratio |
| 10. |
Proposed loan to value ratio (in the case of a mortgage loan) |
| 11. |
Status of applicant (if individual application) |
| (c) |
Divorced or separated |
| 12. |
Status of applicant (if joint application) |
| (a) |
Married - under civil law |
| (b) |
Married - under customary law |
| (d) |
Co-resident (e.g. application by mother and daughter or two brothers and sister) |
| 13. |
Gender of applicant (If a joint application, specify the gender of both or all of the applicants. If the applicant is a juristic person, specify the gender of the majority of the members.) |
(a) Male
(b) Female
| 14. |
Race of applicant (If a joint application, specify the race of both or all of the applicants. If the applicant is a juristic person, specify the race of the predominant group of members of the entity.) |
(a) African
(b) Coloured
(c) White
(d) Indian
(e) Other
|
R0 - R3500
|
|
|
R3501 - R5500
|
|
|
R5501 - R7500
|
|
|
R7501 - R10000
|
|
|
R10001 - R15000
|
|
|
R15001 and above
|
|
| 16. |
Status of Application |
| 17. |
Reason/s (if declined) |
| (i) |
Low repayment capacity |
| (ii) |
Unacceptable credit record |
| (iv) |
Accepted security requirements not met |
| (v) |
Required repayment period exceeds the period to retirement age |
| (vi) |
Nature of relationship between joint applicants not conducive to meeting repayment obligations |
| (i) |
Unacceptable loan to value ratio, where applicable |
| (ii) |
Building does not comply with the requirements of the National Home Builders Registration Council under the Housing Consumer Protection Measures Act, 1998 (Act No. 95 of 1998) or applicable municipal by-laws |
| (iii) |
Sectional title building with inadequate body corporate governance |
| (iv) |
Arrears on municipal service fees, surcharges on fees, property rates and other municipal taxes, levies and duties |
| (i) |
Boycott of rent, mortgage loans or service payments |
| (ii) |
The sheriff of the court is likely to be obstructed in carrying out statutory functions |
| (iii) |
Financial institutions are prevented from obtaining vacant occupation of a property in possession |
| (iv) |
The municipality is unable to enforce the collection of municipal service fees, surcharges on fees, property rates and other municipal taxes, levies and duties |
| (v) |
The municipality is unable to enforce laws and by-laws against overcrowding or illegal land use |
| (vi) |
The market value of properties is either declining or appears likely to decline |
| (vii) |
Properties in possession cannot, or are unlikely to be sold for sufficient value to cover outstanding home loan balances or are unlikely to be let at a rate of return that is feasible |
| (i) |
Unacceptable exposure |
| (ii) |
Unacceptable collection method |
Gas Regulator Levies Act, 2002
