- Calculations of client’s net surplus income and qualify bond amount.
| The following is a high-level bond qualification estimation summary. The banks / | ||||
| financial institutions will determine the value according to their own assessments. | ||||
| Gross Earnings: | R 44 000,00 | x 30% | R | |
| Bond Amount Applying for : | R 750 000,00 | Maximum Qualification: | R | |
| Interest Factor: | 9% | Client Qualifies: | YES | NO |
| Years | 20 | |||
| The following is a high-level bond qualification estimation summary. The banks / | ||||
| financial institutions will determine the value according to their own assessments. | ||||
| Gross Earnings: | R 25 000,00 | x 30% | R | |
| Bond Amount Applying for : | R 980 000,00 | Maximum Qualification: | R | |
| Interest Factor: | 10.5% | Client Qualifies: | YES | NO |
| Years | 25 | |||
| The following is a high-level bond qualification estimation summary. The banks / | ||||
| financial institutions will determine the value according to their own assessments. | ||||
| Gross Earnings: | R 60 000,00 | x 30% | R | |
| Bond Amount Applying for : | R 1 250 000,00 | Maximum Qualification: | R | |
| Interest Factor: | 11% | Client Qualifies: | YES | NO |
| Years | 30 | |||