About Bond Busters
The economic climate in South Africa has been wavering for some time now.
With all of the fluctuations, inflation increases, and price hikes it is no wonder that South Africans are struggling to stay afloat. Luckily, Bond Busters is here to save you from drowning in your financial debt.
Bond Busters strives to assist South Africans
Bond Busters is an independent mortgage broker; however, we also allow customers the opportunity to get a handle on their debts. After all, a good credit record is a prerequisite for any type of lending. Finding the ideal solution to your financial predicament can be difficult which is why we are lifting that burden from your shoulders and taking full responsibility for it.
Property is the largest expense in the average individual’s portfolio, so why not make use of it to reduce some other debts? At Bond Busters we are dedicated to excellent customer service which means that we are prepared to go the extra mile.
We are an independent broker
As an independent mortgage broker, Bond Busters assists South Africans to find a mortgage with the best rate, terms, and conditions. However, we are also able to assist South Africans with their debt situations. If you own property, we can take the equity and use it to clear some of your debt. Our job is to compare the various options for mortgages and/or consolidation with our team of lenders.
Once we have negotiated and obtained the best deal possible, we will present the proposal for the client to decide whether or not they are happy with the conclusion. Otherwise, if you are unhappy, we will continue to search and negotiate until you are happy!
What Bond Busters can offer you
Just because your mortgage is a large, long-term expense does not mean that you cannot use it to your advantage.
However, there are two different debt consolidation options available – one for homeowners and the other for non-homeowners.
How unsecured debt consolidation can help you
Good debt consolidation is all about reducing the amount of interest and charges an individual is paying on their current outstanding debts. One of how to do this is by taking out an unsecured debt consolidation loan. Because the unsecured option is not secured against a property, it tends to have higher interest rates due to the increased lender’s risk.
Thus, smaller amounts (under R50,000) are more suited as they accumulate less interest over time and are paid off faster. As there is no equity from the property, the loan amount is lent to the customer and repaid over time.
How secured debt consolidation can help you
Of course, secured debt is the opposite of the former option. The use of home loans in debt consolidation is popular as home loans are the cheapest option due to the large security. The secured loan uses the equity of the property to consolidate the debts. The equity refers to the difference between the market value of the property and the cost price.
This is not only a more inexpensive way to consolidate, but it is also cheaper. Credit cards, store cards, short-term loans, and car loans are all types of debt that can be consolidated into one large monthly repayment.
Bond Busters Product Details
- Loan Type Debt consolidation loans
Find the financial middle-ground with Bond Busters
South Africans can start enjoying the benefits of Bond Buster’s consolidation by signing up and completing the application.
Once this is done, the application is assessed, and a potential lender is assigned to the customer.
How can I apply for assistance?
Applying can be done via the Bond Busters website where the customer will only need to complete a short application form listing all relevant information needed to make an informed decision. We will then compare the needs against the board of lenders we are affiliated with.
What are your application requirements?
Brokers do not generally have application requirements. Bond Busters, in particular, want to assist those who need assistance the most. But the lenders each have their requirements that will need to be met.
The following general requirements can be expected:
- The applicant should be over eighteen
- All applicants must be South African residents
- The application must be employed full-time to apply
Helping you to help yourself
Bond Busters believes that an informed customer will make better financial decisions. This is why we have an array of financial calculators on our website from which you will be able to determine your consolidation costs versus your current costs.
Customer Reviews & Testimonials
Thanks to Bond Busters I was able to use my available equity to consolidate my outstanding debts. My current debt portfolio has never been in better shape!
— Butterworth —
It is so refreshing to find a broker that cares about the financial wellbeing of the South African public. I recommend Bond Brokers – they are friendly and super-efficient.
— East London —