 | Now, smart technology marries a home loan to a transactional account. Less complexity. Less cost. And you pay less for your home. Card and web-based transacting give you real control. At last, you are your own bank - with the power to maximise home loan savings and minimise charges. |
Why Integer?
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Features
| • Comprehensive home loan solution • Directly linked to a Transact Account • An Integer VISA Electron Debit card with full electronic access • 1% of home loan value as a credit facility but at your home loan interest rate! (subject to application) • Integer quoted interest rate is earned on positive balance (Transact Account) • Innovative product features Capital Deferment or Skip a Month • Redraw facility • WebTransact • Easy-to-use online application • 20-year home loan • variable rate linked to Prime • Maximum loan to value of 85% • Loan value from R250 000 – R 2.5m |
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The Home Loan Account
Skip a Month
Integer’s Skip a Month simply means that every 12 months, you skip a month’s payment. Your instalments are apportioned over 11 months, rather than 12, allowing you a “payment holiday”, without affecting the term of your home loan. You pick the month.
Exotic holidays, extra cash for that back-to-school rush, or money for a nest egg – it’s all possible with Skip a Month. To change your month of choice, just give us three days notice.
Capital Deferment
Pay less on your bond and more on dream holidays, your kids, home accessories, or renovations. Integer’s Capital Deferment means you pay interest only for the first 24 months.
Once your deferment period is up, you pay the deferred payments gradually over the remaining period of your loan. It’s the intelligent way to get everything you want – now.
Larger covering bond
You can apply for a larger covering bond, which provides the advance of further funds without having to register further securities, saving both time and costs.
Redraw facility
You can access surplus funds in your account everyday – at no extra charge.
It’s a standard feature on your home loan account.
The Transact Account
- The Integer branded VISA Electron Debit card
- 24 hour access to your Transact Account.
- ATM Transactions
Mini Statements
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Balance Enquiries
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Cash withdrawals locally and internationally
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Point of Sale Transactions
Purchases
Account payments
Cash back (at selected Pick 'n Pay stores)
Good to know
The Debit card is not a credit card and therefore cannot be used for any purchase that requires a funds reservation such as internet purchases, hotel reservations and car hire.
When using the card at ATMs and Point of Sale (POS), select either
In an ever changing financial environment and fluctuating market opinion, our aim at Integer is to provide the consumer with a highly competitive offer on rate, fees and service - first time. You won't have to threaten or leave to get our best rate.
It has captured R100m in loan applications in the first 36 hours business.iafrica.com | transcripts : Watch this one closely Moneyweb - Moneyweb Video - Simon Stockley: CEOLatest News - Integer -
The newly launched home loan provider, captured over R100 million worth of mortgage applications within 36 hours of business - and over R120 million in its’ first week of operation.
Of the new applications submitted, 70% were switch mortgages from other lenders, while 20% was for new home purchases and 10% was to refinance bond free homes.
“This is an excellent start and gives me great confidence that our positioning as competition for the banks is what the consumer wants. People want choice and they are going to have it now that we are up and running”, said Simon Stockley, CEO
Initially all applications were made via the website and call centre, and following a tie-up with mortgage originators Dimension Home Loans, Independent Bond Originators, HP Nett and Bond Excel we anticipate an increase in the rate of applications by the end of this week. The custom built IT system, which is behind Integer’s ability to process the mortgage application in less than 48 hours from application to credit approval, was stable throughout.
“With the strong likelihood of a further rate increase this week (following the MPC meeting Thursday), SA consumers appear to be sensitised to rates and are shopping around for a good deal”, concludes Stockley.
www.myproperty.co.za/ news/ 104575/ captures R100m in loan applications in 36 hours.html - 16k -
A new mortgage provider is set to give the banks more competition: roped in Investec, Bidvest Bank and Purple, and offers a debit card and ...
business.iafrica.com/transcripts/ 603888.htm - 34k
Simon, the founder of SA Home Loans, launched his new company, which links transactional banking convenience with a home-loan product.
www.moneyweb.co.za/mw/view/mw/en/page82475?oid=
163779&sn=Detail - 46k