What you need to get pre-approved for a bond

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Proof of income

A Lender needs to know that you currently have funds that you can draw from each month to pay a bond. You can prove this with last month's payslips or tax returns. If you earn commission or get paid overtime, 6 consecutive payslips will be required.

Proof of assets

A lender will also want to insure you have enough funds to make a down payment on a home, so they will want to see your assets. A starting point would be to provide them with 3 months bank statements.

Credit score

A lender will also request your credit report to look at your credit history. A good credit score (around 700 and above) will show them that you are trustworthy and can make your bond payment on time. They will ask for your signature to authorise them to request your credit score.

Identification and proof of address

Finally, a lender will want to know that you really are who you say you are, this could be your ID (if your ID is a card then both sides). A proof of address, such as a municipal bill will also be required.