Documents Required
- Identity Documents:
- A valid South African ID or passport for foreign nationals.
- Proof of Income:
- Recent payslips (usually the last three months).
- Employment letter confirming your position and salary.
- For self-employed individuals, recent financial statements and tax returns.
- Bank Statements:
- Personal bank statements for the last three to six months.
- Credit History:
- A credit report (lenders often pull this themselves, but it’s good to check your score).
- Proof of Deposit:
- Bank statements showing the deposit amount or proof of savings.
- Property Details:
- Sale agreement or offer to purchase.
- Property valuation (if required by the lender).
- Additional Documentation (if applicable):
- Proof of additional income (e.g., rental income).
- Documents for joint applicants (if applying with someone else).
- Proof of residence (e.g., utility bill).
Always check with the specific lender for any additional requirements or variations in their process.