Banks really aren’t beating the allegations

I’ve noted a lot of people skip the negotiating part when applying for a bond. They will get 4 offers from different banks and decided to go for the lowest instead of using it to negotiate for an even favourable interest rate.

If I'm not mistaken, it's giving balloon payment

@PZikisisa Haha they dress it nicely a ‘young professionals account’ only to make you feel good about yourself while they finish you 😂

Without having a state bank, dictating the terms of bond loans, capital will always find a way to extract the little what majority black SAns, trying to archive, a house 🏠 its a social need, without state playing a pivotal role, we won't make it.

@hop3_n9v6 Dont take tjose loans! Rent and invest your money elsewhere

Nice and simple explainer Thanks May you do a similar one regardding Car Balloon

Awu daylight robbery 🙆🏽‍♂️

Yep. People really need to do the math before buying a house. I had to explain to my (over 30 years old neighbors that they cannot multiply their R15000 a month payment to calculate how long it will take to pay off an almost R2m house. That was the day before they were going to sign the contract 🤦‍♀️

They also have a West Bank package for new graduates to buy cars. 🚗 They are just out there to kill the community.

This is absolutely crazy. You basically work half your life paying back interest. Thats why Islam says interest is not permissible, it takes advantage of people that don’t fully understand amortisation and it actually drives up inflation as people buy what they can’t afford.

You will own nothing and you will be a happy slave.

We fucked.

@ThusoMbedu Get land and build yourself a beautiful home.. oooh we can’t get land too, it’s only sold to private developers so they can sell you a RDP for 2mil… crazy

This is predictor’s behaviour at its worst

A bunch of dooses they are

That’s Fxcken criminal man

What if the house is used as an asset like renting it out rather than a liability

Haibo @FNBSA

Fraud

Do the calculations and you’ll see the saving over the term The real scandal is the gap between prime and lending rate AND banks add 3% to land at 13% on average Anything above prime is greed

I wonder who shut you up with political affairs. 🤔 I am still wondering, and I guess someone will wonder with me

Capital is not free. Have your own money then Darren.👍🏾