Housing purpose alone does not secure a pension-backed loan
The Adjudicator upheld a fund’s reliance on affordability requirements but cautioned it about poor service delivery and delayed communication.
#homeloan
Banks defend lending criteria amid accusations of discrimination
The government takes banks to task over what it sees as unfair lending practices, proposing mandatory disclosures of declined home loans.
Ombudsman’s report unveils banking blunders and customer missteps
The cases dealt with by the banking ombudsman last year included a home auctioned for far below its value and fraud linked to a stolen phone.
Discovery Bank launches ‘shared-value’ home loan product
The bank claims its dynamic interest rate offering will allow clients to save up to R2.8 billion in interest repayments a year.
