Takealot isn’t stopping at gadgets, groceries, and daily deals; now you can “add a home loan to your cart.”
In a surprising new offering, the online retailer has launched a Home Loan Hub in partnership with MortgageMarket.
This will essentially provide South Africans with access to loan offers from multiple banks through a single, streamlined application.
Takealot brings you home loans
As reported by BusinessTech, the new services will work as follows:
- South Africans can apply once on the Takealot Home Loan Hub web app.
- They will then be pre-approved based on their affordability and credit score through a soft credit check (with no impact on your credit record).
- They will then be able to compare side-by-side offers from banks like Absa, FNB, Investec, RMB, Standard Bank, and others.
- Customers can then choose an offer, and the selected bank will contact them to finalise.
The service is also free, with no hidden costs or obligations.
South Africans will only need an ID or passport, their latest payslip, three months’ bank statements and a signed Offer to Purchase.
Documents can be uploaded in electronic format (.pdf, .doc, .png, .jpeg). Even if you don’t have an Offer to Purchase yet, you can still use the pre-approval tool to see how much you might qualify for.
The sweetener
To encourage uptake, Takealot will also be offering up to R20 000 in Takealot vouchers for successful bond registrations made through the platform.
The voucher is awarded to the main applicant once their new home’s bond is registered via the Takealot Home Loan Hub. The value depends on the size of the home loan, capped at R20 000.
What do you think of Takealot’s new offering?
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1.
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