To apply for Al Baraka home financing you need:
- Have the age of 18 years
- Being a citizen of South Africa
- Income compatible with the requested financing
You must submit the following list of documents:
- Proof of address, not older than 3 months, to verify your home address
- Identity document with barcode or Smart ID
- proof of income
- Salary confirmation for the last 3 months (salaried people)
- Latest Annual Financial Statements / Income Tax Return (self-employed individual)
- Bank statements from the last 3 months
- Signed statement of personal income and expenses
- Signed statement of personal assets and liabilities (in joint name if married in community property)
For financing, the analyzes are much more articulated and detailed. The bank may ask you for other supporting documents during the analysis process.
Where to apply for Al Baraka home financing?
First, you need to have a clear definition of the purpose of your financing: buy, renovate, refinance, or build. This Al Baraka home loan covers all these options.
With that well-defined, you will be able to fill out the initial application form on the online service channels or at a physical agency and a consultant will be appointed to respond to your request until the financing is completed.
Thus, the best conditions for your profile will be offered.
Where to make payments on Al Baraka residential mortgage installments?
Installments can be paid for in several ways. You can request the deduction of amounts directly from your monthly payroll with your employer, you can set a date for automatic debit in your account or even make the payment via title at any banking institution.
Fill out your application form and feel like you are the owner of your property! Come and apply for your Al Baraka residential loan!
