Community

Share knowledge. Find answers. Ask questions.

Community

A one-stop forum for all your banking questions

Converting Loans

Reply
Highlighted
Mpumelelo1
New Member

Hi 

 

I have consolidated my debts with Standard Bank and took one loan with standard bank. The main reason i took the consolidated debt was because i foresaw the coming months were gonna be a rough as i am relocating from one city to another so i needed some relief for the time being when settling down.

 

My question is with the consolidated loan, is it possible in the near future that I convert this loan to be a bond and buy a house? If i make and do not miss a payment of this loan, will it be possible that i convert it to a secured loan ie home loan.

0 Kudos
Reply