How to pay off your home loan faster by using the bank’s money

When a single facility fails

As a fun side fact: With the example just mentioned, if you earn and pay R30 000 in and out of your home loan for ~5 days each month, you will roughly save R29 000 on a R2 mil home loan over a period of 20 years.

How to use your credit card to save on interest

Side note: You can pay your full salary into the home loan but you’ll have to transfer some money back into your transactional account again before your debit orders run to avoid attracting interest on these.

On a R2 mil home loan, over a period of 20 years, you can cut a home loan by 18 months and save R264 000 in interest

The fine print

Keeping a budget

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