Finwell Bond Facilities

With a Finwell Bond facility, you won’t have to take out a personal loan to cover those surprise expenses and to settle your debt.

A home loan enables you to access credit at significantly lower rates than other forms of credit, such as personal loans. This allows you a very favourable way of financing otherwise expensive debt, such as money for education fees, emergency purchases and debt reconciliation.
Renovations or improvements you make to your home with the funds from your Finwell Bond will ultimately add to the value of your home.
It is much simpler and less costly than registering a further advance or second bond.

A bond consolidation loan is a loan taken out to pay off several other smaller loans.
A reason to consolidate smaller loans into one larger loan is:

If you own property, you can apply for additional funds on your existing bond; of course, that’s as long as there is positive equity in the property (i.e. the value of the property exceeds the current outstanding loan amount). Bond consolidation also allows you to make a ‘clean start’ by converting your various existing commitments into a single, manageable monthly loan payment. This also saves on multiple fees, service charges and debit order charges on the multiple loans.