Stay away from SA Homeloans

If your planning to take out a home loan, rather look at a financial institution.

SA Homeloans uses external investors to finance their operations, and are not up to re-negotiation of interest rates.

If you come into a scenario where interest rates are increased and you are unable to meet the financial obligation, I suspect they could rather seize your house, rather than to try help out.

Also, beware on how they manage your account, if you decide to take out a bond protection plan, make sure you pay it in full (annually).

The daily interest, is calculated on the total debt, which includes outstanding balance + bond protection + admin fee

Due to the way they handle the bond protection plan, I’ve come to realise my end goal has been moved out by 10 months.

They do not separate the accounts, and squeeze every cent they possibly can out of you.

Rather work with an institution that cares about their clients. I would never use them again.