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Kinstead

Home equity loans

Release the value in your home, without leaving it.

A home equity loan for homeowners typically aged 65 and over. You remain the owner and continue to live in your home during the term. Interest is added to the balance until the loan is repaid.

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Three ways in

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How it works

One loan, explained plainly

This describes how the loan usually works. Your loan agreement states the terms. We encourage independent advice before you decide.

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  1. What it is

    A home equity loan secured against your home, typically over an eight-year term, for homeowners typically aged 65 and over. You borrow against your home, you remain the owner and continue to live in it during the term, and interest is added to the balance until the loan is repaid.

  2. How it is paid

    You can typically receive monthly payments or, subject to assessment, an upfront lump sum. You make no monthly repayments during the term.

  3. How it is sized

    The amount advanced is typically a conservative share of the home's value, taking into account age, the value and location of the home, and the interest rate environment.

  4. How the balance moves

    Interest is added to the balance until the loan is repaid, including after payments to you stop. We show you this before you decide.

  5. How it ends

    The loan typically runs for eight years. In the later years of the term we usually review the position with you so that you can plan ahead. Any continuation beyond the term is subject to that review.

The question everyone asks

Why not just sell and downsize?

For many people that is the right answer, and we say so. Selling has costs and means moving.

This is for people who want to stay for now. We encourage you to take independent advice before deciding.

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Questions

Questions, answered plainly

The same words we use in your agreement. Where an answer is still being confirmed, we say so.

All the questions
Do I make monthly repayments?
No. You make no monthly repayments during the term. Interest is added to the balance until the loan is repaid, including after payments to you stop.
Do I still own my home?
Yes. You remain the registered owner and continue to live in the home during the term. We are a lender, not a buyer. The loan is secured against the home in the ordinary way.
What happens at the end of the term?
The loan typically runs for eight years and is repayable at the end of the term. In the later years of the term we usually review the position with you so that you can plan ahead. Any continuation beyond the term is subject to that review.
What does it cost?
An initiation fee of R 5 550 and a monthly fee of R 69, both added to the balance. Interest is added to the balance until the loan is repaid. Every cost is shown to you, in rand, before you sign anything.
Can my family be involved?
Yes, and we encourage it. Family is welcome at every step. With your permission, a son, a daughter or anyone you trust can join every conversation.
An older woman smiling warmly at home

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Who we are

Kinstead Home Equity is a registered credit provider, backed by institutional funders and run by a team with decades of experience in South African lending.

  • Every cost, in randShown to you before you sign anything.
  • Family is welcomeAt every step, with your permission.
  • Named peopleOur board, executives and funders are named, and our complaints process is set out in plain words.
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Next step

Ask us for your illustration

A personal illustration on paper, with no obligation and time to consider it with your family.

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