It is quite difficult to obtain a loan from a bank in order to purchase a property due to the strict lending criteria of banks.

To qualify as a buyer, you require:

1. Cash for a deposit - anything between 20 - 5% of the purchase price

  • Transfer costs
  • Transfer duty
  • Bond registrations costs
  • Bank valuation and Bank fees

2. Affordability under the National Credit Act (NCA)

3. Track record of financial and business history

  • Audited financial statements (latest)
  • No bad credit record
  • Copies of bank statements for the past 6 months or longer

4. Knowledge and education/experience

With r2b, we break down the barriers and make the entry to own a property much easier.

The only question to start is: Can you afford the monthly payment?