Structured Loan can be crafted to enable you to purchase residential real estate, or allow you to finance rental portfolios and lifestyle property. Alternatively, you have the option to leverage your existing equity in property to provide you with the funds to take advantage of other opportunities.
Leverage your balance sheet to unlock liquidity, and take advantage of investment opportunities to build your wealth portfolio.
The ability to refinance your property to finance a new venture.
Consolidated under one loan with one monthly service fee and interest rate, making it easier to manage your investments and your debit balance.
You have the option to secure your loan using a combination of property (a single or multiple properties) and shares.
Enjoy peace of mind and a simplified process when it comes to designing or renovating your home.
Home Owners Cover (HOC) is comprehensive insurance to protect your building or home.
Insuring your home is not only desirable in South Africa, it is mandatory.
FirstRand Bank Limited is affiliated with top insurance companies.
Home Owners Cover (HOC) or simply, building insurance, is comprehensive insurance to protect your
building or home from the risk of structural damage usually caused by fire, lightning, flood, storm, wind, hail,
snow, bursting of geysers and water pipes, theft, power surges, impact, accidental damage, loss or damage
during construction or alteration, explosions, earthquakes not caused by mining activities, subsidence,
heave and landslip.
It will usually also cover any alterations that may be done to increase the value of the property, i.e. the
physical structure, permanent fixtures and fittings, lapas and swimming pools. Building insurance will
generally also cover damage to your primary home including the garden, garage and outbuildings which
exist on the property.
Insuring your home is not only desirable in South Africa, it is mandatory as banks are not likely to grant a
mortgage bond if the homeowner does not insure the structure that is being provided as collateral to the
bank for the term of the loan.
While you do have the option to provide cover of your choice, the bank will encourage the homeowner to
insure through its associated insurance company. In addition, the bank has negotiated competitive
premiums and benefits on your behalf to ensure that you enjoy comprehensive cover.
Remember that your home is probably the most expensive asset you own, and it is therefore important to
ensure that you have the best possible cover.
FirstRand Bank Limited has an existing relationship with two preferred insurance providers; FirstRand Short- term Insurance (STI) and
FNB Insurance brokers (which is currently underwritten by Santam, Old Mutual Insure
and Hollard).
Should you not have received a quote from our preferred insurers, please contact them on the following
details:
FirstRand Short- term Insurance (STI) and FNB Insurance brokers will have a detailed discussion with you to ensure that you are happy with the cover, premium and service. Should the experience be to your satisfaction and you are comfortable with the quote, your cover will be activated with a future date - once the bond registers.
If you have opted to provide your own insurance cover for your property to the bank, please ensure that a
copy of the policy is provided to the attorneys when the bond registration documentation is being signed.
Failure to provide a policy will affect the bond registration process and will result in delays until such policy is
provided.
In order to facilitate a seamless bond registration process and client experience, we encourage that the
above is adhered to.
Have you any idea what your home is worth? A free value estimate of your property is very useful at the start of your home journey. nav» Home reveals the way. Look for it in the FNB App.
With thousands of properties to choose from, you will definitely find your ideal family home. Search nearby to find homes near your work, schools or the area you have been looking for. Nav» Home reveals the way. Look for it on the FNB App.
It's easy to get your home financed with FNB. Get an instant pre-approval for qualifying customers. Nav» Home reveals the way. Look for it on the FNB App.
Calculate your monthly repayment
Use our calculators to understand all the costs you are in for - your monthly repayment, the maximum home loan amount you qualify for and even know the deposit you may be required to pay in to buy your new home! Nav» Home reveals the way. Look for it on the FNB App.
Let us help you find a moving company in your area as well as interior decorators, gardening services, plumbers, security services and painters.
For the first time ever you can now sell your home privately through a financial institution. Plus, you can do it for free, using the Banking App.
Go to nav» Home to see how you can sell your property privately and safely using the app.
