Consolidating debt absa

“Homeowners should rather take all the money they have been paying off other debts every month and add it to their new mortgage repayment, in order to quickly reduce the capital balance of the loan again.” Andrew van der Hoven, head of home loans at Standard Bank, says that the bank has noticed an increase in the number of these applications since the start of 2016.

As South Africa’s leading Business Bank, we understand what it means to do business in Africa and beyond.

Standard Bank Wealth and Investment services the ultra-high net worth segment of the market, catering to clients with net investable assets of more than US

As South Africa’s leading Business Bank, we understand what it means to do business in Africa and beyond.

Standard Bank Wealth and Investment services the ultra-high net worth segment of the market, catering to clients with net investable assets of more than US $1 million.

Our vision is to enhance the Group's franchise by being a leading Global Wealth and Investment Bank, focusing on clients in and from selected emerging markets.

That is why we will do the whole job while you will enjoy the results from a work well done.

All you have to do in order to take advantage of our expertise is to contact the bank.

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As South Africa’s leading Business Bank, we understand what it means to do business in Africa and beyond.Standard Bank Wealth and Investment services the ultra-high net worth segment of the market, catering to clients with net investable assets of more than US $1 million.Our vision is to enhance the Group's franchise by being a leading Global Wealth and Investment Bank, focusing on clients in and from selected emerging markets.That is why we will do the whole job while you will enjoy the results from a work well done.All you have to do in order to take advantage of our expertise is to contact the bank.We give no warranty, express or implied, as to the accuracy, reliability and completeness of any information, formulae or calculations provided through its use.We do not accept any liability for loss or damage of any nature, including indirect or consequential loss, which may be attributable to the reliance on and use of the calculators.But, although relief may be immediate and you are able to breathe again, there are things to think about before consolidating debt and committing yourself to a longer period of debt payments, warns Theunis Kruger, Head of Unsecured Lending at Standard Bank.“It is a sad fact that millions of South Africans spend a large part their monthly income to service debt in the form of instalment sales and account-based spending.There’s no point in even starting a debt consolidation programme unless you set manageable goals and know that you can live comfortably with the steps you take in order to achieve them.” Rademeyer advises, though, that homeowners should pay off the additional amount that has been borrowed as soon as possible.“Simply borrowing the extra finance and extending the period over which the mortgage has to be repaid isn’t really saving – and could actually cost you more in interest in the long run,” says Rademeyer.

million.

Our vision is to enhance the Group's franchise by being a leading Global Wealth and Investment Bank, focusing on clients in and from selected emerging markets.

That is why we will do the whole job while you will enjoy the results from a work well done.

All you have to do in order to take advantage of our expertise is to contact the bank.

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