Dear Client

Debt Consolidation - Minimum Criteria

The details below outline the minimum criteria our bankers apply when assessing applications. We are essentially looking for two things :
      1. Equity in a property to use to settle debt.
      2. Affordability to service the new restructured loan.

Minimum criteria that are applied for these loans.

• Equity to exceed R60 000-00
• Maximum loan period is 20 years
• Loan must be repaid by the age of 65
• Minimum age is 18 years
• Must be SA citizen
• No default on bond repayments over past 6 months
• No clients under Administration Order clients
• Client must not be under debt review or counselling
• Natural person only (No CCs, Companies or Trusts)
• Minimum bond amount R100 000
• Residential Property only. Minimum value  R 154 000.00
• Salaried persons only (no self-employed).

Loan to not exceed 65% of value of property. Eg Value R 1 million. Maximum Loan R 650 000

Please fax your applications to 0866 033 843 for a pre – assessment.

Yours faithfully
New Heights Finance
Fax: 0866 033 843

New Heights 510 CC t/a New Heights Finance
Director: RC Pretorius (B.Tech. M.B.A.)     Reg No 2003/019600/07    VAT No 4490210012
Address : PO Box 1583, Wandsbeck, 3631     Fax: 0866 033 843 
email:  info@nhfinance.co.za   website: www.nhfinance.co.za