ABSA PRIVATE BANK HOME LOAN - BondPlus Online

1 ABSA PRIVATE bank home loan Description of the product Absa PRIVATE bank home loan is a unique home loan offer, with differentiated positioning and appeal, offered to the Absa PRIVATE bank clients. The PRIVATE bank home loan offers packaged MultiPlan, FastForward, First Time home loan and FlexiReserve holistically to deliver upon client requirements. The individualised interest rate and service delivery has been employed as the key differentiator. MultiPlan forms the core of the offer and is supported by FastForward, First Time home loan and FlexiReserve, which will be selected by client choice. Qualifying criteria Existing Absa PRIVATE bank clients. FICA requirements for opening an account Bar coded ID document The original document or a certified copy of one of the following documents verifying your residential address, not more than three months old: Utility bill, lease or rental agreement, Telkom statement, etc.

2 Original document or certified copy of a South African Revenue Services document, reflecting your personal details and income tax number (if issued). What are the features and benefits of the product? Preferential interest rate if the client approaches the bank directly either via the Internet or directly through the Relationship Manager ( no originators are used) The option of one account with a multitude of individualised facilities, each with its own interest rate option, debit order, repayment term and statement (MultiPlan) In certain instances, Absa offers loans in excess of the property value. In these cases, the amount exceeding the property value will be catered for on a separate loan account at a higher interest rate. Dedicated RM for enhanced and efficient processing and management Account management option which allows automatic annual increases to be applied to the home loan to ensure early settlement and significant interest savings (FastForward).

3 Option to deposit and withdraw funds at any time through a channel of the client s choice, ATM (FlexiReserve). Enhanced application via the Internet Individualised preferential interest rate (on the variable interest rate option) Flexibility and choice to structure home loan loan can be increased via a Further Advance when needed. Related products or alternative products Choice of products from the Platinum Solutions to cater for a client s transactional banking requirements ( Platinum credit and debit card, e Platinum and Platinum One) Preferential rate for insurance and value added services via the Platinum Insure option (Platinum Insure). Pricing structure A preferential interest rate if you arrange finance directly with your Relationship Manager or apply via the Absa home loan fees will apply.

4 Where can you find out more about this product? Speak to your Relationship Manager of Financial Planner, contact Absa Platinum Direct on 0860 00 33 00 or visit the Absa website at ABSA GOLD FACILITY Description of the product The Absa Gold facility is a bundle of products incorporating an Absa home loan , Electronic Banking and a Cheque account with full transactional capability. The bundle has been tailored to suit the requirements of all PRIVATE individuals with a regular monthly income of between R10 000 and R41 666, looking for a holistic banking solution. Documentation to accompany your application: In order to apply for a home loan , please bring the following documents along: Fully completed application form. Your bar coded ID document. Latest salary advice. Offer to purchase.

5 The original document or a certified copy of one of the following documents verifying your residential address, not more than three months old Municipal account, lease or rent agreement, Telkom statement, etc. Original document or certified copy of a South African Revenue Services document reflecting your personal details and income tax number (where issued). AVAF and Credit Cards are available on application. What are the features of the bundle? 1. AN ABSA home loan WITH MULTIPLAN AND FLEXIRESERVE a home loan Features home Loans of up to 110% of the property value. loan amounts above 100% will be allocated to a secondary account (MultiPlan) at a higher interest rate. Choose the fixed or variable interest rate option that suits your needs. You can register a larger bond than the amount of the loan granted, which will cut the cost of increasing your loan (via a Further Advance) in future.

6 Further loan amounts may be applied for as soon as your property value increases sufficiently or when you want to extend/improve your property. b MultiPlan Features Any loan amount granted in excess of the property value will be structured on a secondary account (at a higher interest rate). You can choose to split your loan into additional MultiPlan accounts: Each MultiPlan account can have a different rate/rate structure and repayment term (less than or equal to the term of the primary account). Normal home loan rate options apply, variable/fixed rates. Each MultiPlan account has its own individual account number. You can select different FlexiReserve options on each MultiPlan account. FlexiReserve is not mandatory to be able to utilise MultiPlan. Statements are produced on each account.

7 Each MultiPlan account is paid via a separate debit order instruction, which may be from a different source. Up to 99 different MultiPlan accounts may be opened. Each MultiPlan account can have its own designation that will reflect on the statement, 1. Primary account may be called home account 2. Secondary account no. 1 may be called Pool account 3. Secondary account no. 2 may be called Holiday account c FlexiReserve Features Besides having access to additional funds deposited in your home loan , the comprehensive FlexiReserve option enables you to draw funds up to the original loan amount. The comprehensive FlexiReserve option has two repayment calculation options once a withdrawal is made, the instalment is recalculated to repay the new balance over the existing term ( the instalment increases) or the term is extended back to the original term.

8 Additional payments to the loan are capitalised immediately ( reduces your interest charge). Immediate access 24/7 to available funds in your home loan via the Internet, telephone, ATMs or branches enabled by transfers to your Gold Facility Cheque Account. (No cash withdrawals are possible from your home loan account). 2. GOLD FACILITY CHEQUE ACCOUNT Gold chequebook with cheque certification up to R2 000. Overdraft facilities are available on application and can be negotiated at preferential rates. One account number for life (your account number will remain unchanged even if you decided to transfer your account to another branch). Access to the largest ATM network in the country. Your Absa ATM card is also a debit card that you can use when buying at any retailer who displays the Maestro or Visa Electron sign.

9 You can withdraw or deposit cash, pay accounts, transfer funds and request balances and statements with your Absa debit card. Single Management Fee, incorporating your Electronic Banking and Cheque account transactions, which means you pay a fixed monthly amount. Tiered credit interest rates. 3. ELECTRONIC BANKING Electronic Banking facilities, via Internet, Cellphone or Telephone Banking include: Balance enquiries Statement enquiries Inter account transfers Obtain account information Transaction log Download bank statements electronically in any of the following formats for importation into the respective software packages: o OFC (MicroSoft Money) o QIF (Quicken)o ASCII (Pastel Format) o ASCII (Fields delimited with an *) (For use with Excel, Lotus, etc.) Cancel existing services Change PIN Bill Payments Own Defined Payments Stop orders set up Stop payments of cheques Apply your own account names Mini Vehicle and Asset Finance statements Airtime purchases Online Overdraft applications How you can transact with the bundle?

10 You can withdraw, deposit, transfer funds, pay your accounts, as well as obtain balances and statements at ATMs and Absa Banking Halls, via your Absa Debit Card and/or Electronic Banking. You can also use the card to pay for your goods and draw cash at all merchants/shops displaying the Maestro/Visa Electron logo. Use your Gold Facility chequebook to make third party payments (subject to acceptance by the payee). Alternatively, perform the same function via Electronic Banking. Your Gold Facility also allows you to transfer available funds in your home loan to your Gold Facility account, via Internet, Cellphone or Telephone Banking. What are the limitations of the bundle? The Absa Gold Facility is only available to qualifying customers. The bundle is only available if all three products ( home loan , Electronic Banking and Gold Facility Cheque account) are taken up and remain operational subject to standard terms and conditions.