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    Approval in Principle V 4

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    Ridah Solomon
    This document is an approval in principle letter for a home loan from ABSA Bank. It provides details of the borrower such as their name and property details. It states that a home loan of R760,000 has been approved subject to satisfactory conditions like a bank valuation and insurance requirements being met. The letter notes that the interest rate is variable and will be advised, and that house owners insurance is compulsory for the property being bonded.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Approval in Principle V 4

    Uploaded by

    Ridah Solomon
    428 views1 page
    This document is an approval in principle letter for a home loan from ABSA Bank. It provides details of the borrower such as their name and property details. It states that a home loan of R760,000 has been approved subject to satisfactory conditions like a bank valuation and insurance requirements being met. The letter notes that the interest rate is variable and will be advised, and that house owners insurance is compulsory for the property being bonded.

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    Approval in Principle v 4

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    Approval in Principle v 4

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    This document is an approval in principle letter for a home loan from ABSA Bank. It provides details of the borrower such as their name and property details. It states that a home loan of R760,000 has been approved subject to satisfactory conditions like a bank valuation and insurance requirements being met. The letter notes that the interest rate is variable and will be advised, and that house owners insurance is compulsory for the property being bonded.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    428 views1 page

    Approval in Principle V 4

    Uploaded by

    Ridah Solomon
    This document is an approval in principle letter for a home loan from ABSA Bank. It provides details of the borrower such as their name and property details. It states that a home loan of R760,000 has been approved subject to satisfactory conditions like a bank valuation and insurance requirements being met. The letter notes that the interest rate is variable and will be advised, and that house owners insurance is compulsory for the property being bonded.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    ABSA Bank Limited Reg No 1986/003934/06

    Approved in Principle
    "Private and Confidential"
    Date
    Source
    Full Name of Borrower
    Erf Number
    Street Name
    Unit Number
    Loan Type
    Application Number
    Loan Amount Approved

    : 08 Sep 2014
    : PA BETTER BOND RANDBURG
    :
    :
    :
    :
    :

    Absa Region

    : Gauteng
    Source Email : rhode.vorster@betterbond.co.za

    MR R SOLOMON
    1255

    Township

    : HIGHLANDS NORTH
    : 191
    Complex :

    8TH AVENUE

    Street Number

    New ordinary

    : 44032627965
    : R 760000

    Attorney Name

    Flow.ATTORNEY_NAME

    Annual Rate at which interest is levied


    Variable Rate
    Duration of this Agreement

    To Be Advised % *
    months

    The above mortgage finance has been approved subject to our normal lending criteria as amended from time to time, our mortgage loan agreement
    being accepted (which will follow in due course), as well as the following conditions:
    - Satisfactory bank valuation
    - Rate Approval
    - Other:

    Straight Accept
    Flow.Conditions
    * This offer is subject to the current Absa Mortgage Bond Rate which is not necessarily the same as the prime rate - should there be a change in this
    rate, the effective rate in this offer will change.
    Please note: In order for Absa to comply with the respective NCA, FAIS and Short Term Insurance acts, a customer should be advised that:
    House Owners Comprehensive Insurance cover for the property to be bonded is compulsory.
    The customer has a choice with regards to the provider of such cover.
    Please ensure that your respective Absa Home Loan Centre Receives the applicable Insurance document(s) prior to Final Grant:
    In the event of the customer opting for External Insurance, a copy of the Policy schedule and/or Policy Wording needs to be obtained for approval.
    In the event of the customer opting for Absa Insurance, the bank will require an Absa HOC Proposal i.e. Absa 573 to be completed
    Yours faithfully,

    Manager

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