Y2K
Well-Known Member
Interesting, well I managed to squash my student debt entirely (managed to land a bursary that covered everything from year one till my final year), still deciding if I'm going to pursue that additional year but most employers are covering it. Thank you for the breakdown.Credit record is a factor but the most import is affordability. They will lend you 30% of your gross income. So if you earn say R30,000/month before tax, they will allow you debt of R9,000/month. What you can spend is dependent on the current interest rate. That R9,000/month will get you a R1,100,000 bond with R65,000 once off costs for bond and transfer.
Free monthly credit check: https://www.clearscore.com/za