How old can you be to get a home loan in South Africa.
Description
In this episode, we explore age limits when applying for a bond in South Africa. Can you still get a bond at 70? How do the banks view applications from people nearing retirement? We break down how Absa, Nedbank, Standard Bank and FNB approach late-stage bond applications, including maximum repayment ages and loan terms.
Whether you are planning your retirement, looking for a property investment, or simply curious about bond options later in life, this short episode gives you a clear understanding of what to expect and how to prepare.
Remember, while the banks generally require bonds to be fully repaid by the age of 75, you may still apply later in life if you can show the ability to repay.
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In this episode:
00:00 Introduction
00:39 How banks view age limits for bonds
01:38 Bank policies
03:11 Why people over 65 still apply
04:57 Affordability after retirement
06:53 Final answer
#BondApplication #PropertyInvestment #BondTips #FinancialPlanningSA #RetirementPlanning #SouthAfricaProperty
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