For you
Stay in the home you love. Live on the value you built.
You remain the owner of your home and continue to live in it during the term of the loan.
You can typically receive monthly payments or, subject to assessment, an upfront lump sum. You make no monthly repayments during the term, and interest is added to the balance until the loan is repaid.
Every cost is shown to you, in rand, before you sign anything.
How the loan works
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.
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.
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.
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.
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.
Your family is welcome
Family is welcome at every step. Bring a son, a daughter or anyone you trust to any conversation with us.Take independent advice
We encourage independent advice. Take the time you need before you decide.
Next step
Ask us for your illustration
A personal illustration on paper, with no obligation and time to consider it with your family.