Discovery Bank will be working with SA Home Loans to offer clients property finance.
SA Home Loans have been offering bonds for nearly 25 years and Discovery Bank has been in operation since 2019. Discovery Bank already offer a wide range of products and see home loans as the next logical step.
Much like other offerings across the brand there will be incentives and benefits linked to a holistic approach to good living and sound financial habits. The loans (with up to 30 years term) could qualify for as much as a 1.5% discount for clients who manage their money well. Over 30 years that could be very significant.
Discovery Bank are hoping to attract new home owners but also those with existing bonds who may want to migrate their finance.
The new product will become available to the general client base at the start of 2024.
