WHAT WILL I PAY PER MONTH?
A. RENTAL DEPOSIT
A once off rental deposit of 1 – 3 months rental, depending on your credit profile.
B. RENTAL DURING THE OPTION PERIOD
As example: On a purchase price and loan of R1 000 000, 00 calculated at 10% repayment per month over a 20-year repayment period, per month:
- Rental R9 650.00
- Rates and taxes R500.00
- Levies R300.00
Total R10 450.00
Plus
* r2b rental insurance premium
@ 2, 5 % of rental x R10 450.00 R261.25
* r2b insurance administration fee R50.00
TOTAL R10 761.25