STANDARD LOANS Debt consolidation programme is for all blacklisted and
credit worthy individuals. Those home owners that are struggling to make ends
meet can secure a low interest rate home loan against their property. The aim
of debt consolidation is to increase the amount of the existing home loan and
use this amount to settle debts. This will improve your monthly cash flow due
to the low interest rates and finance charges offered on home loans. We use
our own funding to settle your debts and will then apply for a further bond
even though you have a poor credit profile. How does it work? We loan you the
amount you require to settle your debts. Remember that you are still the
property owner. Judgements and all poor credit records against your name are
removed. This will now make you credit -worthy and put you in an affordable
position to apply for a bond with any bank at prime and below prime interest
rates. This money is now used to pay us back what we lent you. Please note
that the settling of your debts starts as soon as we receive all the required
documentation. Page over to see how the process work. We also have personal
and consolidation loans for blacklisted and non-blacklisted individuals and if
you do not own a home.(like above)
“Improving the financial future
of individuals and their families
in full throttle”
Group
Structure
We loan clients money using their property as security and :
 Use this money to pay off all of their expensive high interestbearing short-term debt such as store cards, micro loans, credit
cards etc. This improves the client’s monthly cash flow;
 Improve their credit profile so that in future they can get
credit at a reasonable cost; and
 Provide a financial education. Through this process we teach
people how to get out and stay out of debt;
 Re-apply to the banks for a higher bond in a few months time in
order for US to be repaid out of the proceeds.
If a property is worth R1 000 000 and the bond outstanding is R500
000, the Loan to Value is 50%. We use a maximum Loan to Value
of 75% (including the existing bond). The difference between
the value of the property and the bond outstanding is known as
equity. In order to qualify for any loan with a bank you must :
 Be able to demonstrate that you can afford it;
 Be in good standing with all your creditors i.e. not have an
impaired credit record; and
 Be able to provide sufficient collateral for the loan (with a
property this is the Loan to Value amount).




A typical client owns a property that has no bond or is worth more
than is owed on the bond. Typically the client owns a property
where the current Loan to Value (“LTV”) is less than 60%;
The client is unable to access a further bond due to an impaired
credit record or due to affordability concerns as the client has a
large number of short-term high-interest credit arrangements
(store cards, credit cards etc);
The minimum facility offered by us is R30 000 and there is no
maximum;
The minimum value of the property needs to be R200 000 and the
client needs to be earning a combined household income of at
least R8500 per month.
Before Remediation
Creditor
Woolworths
Cell C
Nashua Mobile
Woolworths
FNB Card
Absa Card
Direct Axis
Blue Bean
Jet
Absa Loans
Wesbank Arrears
Rates (including arrears)
Nedcor personal loan (Mr)
Nedcor personal loan (Mrs)
Bond Installment
Total
LTV < 60%
Monthly Installment
1948
220
175
1259
404
577
500
905
370
404
1340
2350
915
386
2500
R14253
After Remediation
Creditor
Woolworths
Cell C
Nashua Mobile
Woolworths
FNB Card
Absa Card
Direct Axis
Blue Bean
Jet
Absa Loans
Wesbank Arrears
Rates
Nedcor personal loan (Mr)
Nedcor personal loan (Mrs)
New Bond Installment
Total
LTV <80%
Monthly Installment
0
220
175
0
0
0
0
0
0
0
0
1200
0
0
4078
R5673
Net reduction in monthly payment of R8580 per month (c60%), the majority of
which is high interest-bearing consumer credit.
Private and Confidential
 Applicants must be a property owner
 Only residential property that is registered in the applicant’s name
can be used as security
 No vacant land will be considered
 Must be permanently employed
 Minimum joint basic income of R8500 per month
 Minimum property value of R200 000
 Maximum age at date of application must be 55
 Minimum debt of R30 000
 Applicants that have been sequestrated must have been
rehabilitated for at least two years
 Applicants cannot be under debt review

In order to assess whether a client might qualify for a loan from
us, you need to answer the following four questions:
Do you own a property?
2
How much do you and your spouse earn per month before
deductions (gross salary)?
3
How much do you owe on your bond?
4
How much do you think your property is worth?
5
Blacklisted home owners are welcome to apply.
Use the affordability calculator to see how much the person
could qualify for. This would be the smaller of the two amounts
in red.
1

AFFORDABILITY CALCULATOR
Client Name :
Consultant Name : Masterplan
Branch : DURBAN
Interest Rate
Term (years)
Gross Salary Applicant
Gross Salary Co-Applicant
Gross Salary Co-Applicant
Gross Salary Co-Applicant
Gross Salary Co-Applicant
Total Combined Income
Total bond clients qualify for
Outstanding balance on existing bond
Maximum further advance clients qualify for
30% of Total Combined income
Current market value
75% of market value
Equity amount available
10.5
20
A
B
C
D
E

If the affordability calculator shows that we might be able to
assist , you need to email the affordability calculator, together
with the signed credit consent to, standardloansvinay@gmail.com
or fax them to 086 -568 0220 .We will then do all the necessary
enquiries and advise whether you qualify.( CELL 0721358581)
If you have any questions or
queries please contact me
standardloansvinay@gmail.com
or visit our website
www.standardloans.co.za