How It Works
Home Finance as Unique as You
This test needs to be completed during the home loan application process
- Personal details
Please fill in your personal details before starting with the test.
Date of birth
DD slash MM slash YYYY
The Borrowers test consist of 10 questions and each question contains one correct answer. Please complete all questions
What is the maximum home loan that HIP offers?
What is a budget?
A budget is a plan on how you are going to spend your monthly income
A budget is a list of all the items you want to buy for your new home
A budget is the monthly shopping list that you draw up before you buy groceries
Does HIP offer 150% home finance?
What is the maximum term of a loan from HIP?
What happens if you cannot pay your monthly installment?
Inform HIP immediately and make arrangements
Do not tell anyone about it
Confide in a friend and colleagues
What is home (building) insurance?
Provides insurance cover for the structure of your home e.g. geyser and roof leaking
Provides insurance for house hold contents e.g.: TV and radio
Covers for life insurance
Once you have made a lump sum payment into your HIP account, can you access the money?
Does HIP installment stay fixed for 12 months and increase once a year; on the day you get your salary increase?
Who is responsible for taking care of the property e.g. gardening, painting and cleaning?
You may not make lump sum payment toward your HIP home loan?
"I hereby declare that the details furnished above are true and correct to the best of my knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I am aware that I may be held liable for it. I hereby authorize sharing of the information furnished on this form with the Housing Investment Partners Group (“HiP”). Under no circumstances shall HiP, its Stakeholders, employees or its contractors be liable for any direct, indirect, incidental, special, punitive or consequential damages that may result in any way from inaccurate, false or untrue information provided above."
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