Getting your hands on SA home equity loan applications is easy, especially if you want to do it online. They will first check your line of credit to check if you have any bad debt and just to see how much debt you have because they have to prove that you can afford the loan. Approval can only happen if you provide them with all the documentation they need, you pass their background checks and if they think you can afford it. What you have to do is find a few companies and compare their interest rates to see which company will be best for you to use.
There is also an online calculator that you can make use of before you fill out SA home equity loan applications so you can see how much money you have to spare each month and determine whether you can afford it. It doesn’t matter whether you are in Johannesburg, Cape Town or Durban; there are plenty of companies out there that will be willing to help you. The approval will depend on your line of credit and other debt you may have, but if you can find a company with reasonable interest rates, maybe you can afford to borrow the money easily.
Even before you apply for any loans you can use a calculator online and work out more or less how much you can afford to pay as instalments on the loan. It is important for you to compare different lenders and not just take the first one you come across. You can find the lenders online, but they will also advertise in newspapers and magazines so be sure to look out for them. There are thousands of them out there, so take some time to do your research properly because it will benefit you when it comes to applying for an SA home equity loan.