APPLYING FOR CREDIT - DOCUMENTS REQUIRED



Below is a general requirement but please note that this will vary from bank to bank. If you would like us to put you in touch with a Bond Originator we will do so and they will advise you fully on current requirements. Please note that all of this is not required for pre-qualification.
  • Fully completed and signed application forms.
  • Copy of Identity Document/Passport
  • Proof of income – three months payslips for an individual and Audited Financial Statements as well as Auditors Certificate of Income if self employed
  • If you earn commissions you will have to provide the last 6 months payslips
  • Copy of Offer to Purchase (including property details).
  • Three consecutive months of bank statements where income is reflected. (If self employed, then supply the business bank statements as well)
Additional documentation required if an Employer Guarantee is offered
  • Z572/ 3 (If you are an employee of the state)
  • Letter of Intent/Letter of Guarantee (If you are not an employee of the state)  
Documentation required if a company, closed corporation or trust
  • When you apply for a home loan in the name of a trust, close corporation or company, the will require such an entity to be the applicant for the loan, not you personally. You will then need to supply ;
  • Registered founding statement of the close corporation, memorandum and articles of association of the company or the trust deed of the trust, in order to prove its existence.
  • Certain supporting documents, such as audited financial statements
  • A copy of the company resolution to purchase the property
  • In the event of a trust, a copy of the minutes authorising such purchase, as well as the Trustees Certificates of Authority
  • Additionally, the bank might require personal suretyship from members and shareholders or trustees may also be called for in certain cases.

Back the Finance Advice Centre for all your finance answers
CDPE Qualification - What does it mean
Understanding the concept of Distressed Properties
Remember to look through our Step by Step Buyer Guide
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