If you’re getting ready to buy your dream home, BetterBond’s fast and free pre-approval service can make all the difference. You can apply online any time and receive a pre-approval certificate that proves your financial readiness to sellers. The pre-approval process includes a credit check and gives you a clear idea of what you can afford, based on your income and expenses.

Interest rates are subject to banks’ offers, but pre-approved applicants often enjoy better attention from lenders. The approval rate for clients using BetterBond’s pre-approval process is a solid 90%, making it one of the most reliable steps a buyer can take in South Africa’s property market.

How to Get Pre-Approved: Step by Step

1. Start your application online with BetterBond.
2. Submit your documentation (same as a full bond application).
3. Receive a fast credit check and affordability assessment.
4. Get your pre-approval certificate, valid for 90 days.
5. Use your certificate to strengthen your offer when house hunting.

Pros of BetterBond Pre-Approval

A clear advantage is speed – the process is digital and convenient, saving buyers valuable time. Additionally, a pre-approval certificate demonstrates to sellers and agents that you are a serious buyer, potentially giving you the edge in competitive situations.

Financial clarity is another strong benefit, as you’ll know your maximum purchase price and expected repayments. This helps you budget better and act fast when you find the right home.

Cons of BetterBond Pre-Approval

One downside is that pre-approval is not a guarantee of final bond approval. The bank will still need to evaluate your formal application and the property itself once you’ve made an offer.

Additionally, not all pre-approvals result in the loan amount you might expect, especially if your credit or deposit situation changes over time. It’s wise to act within the certificate’s 90-day window.

Verdict: Is BetterBond Pre-Approval Worth It?

BetterBond’s pre-approval offers buyers peace of mind and a strong negotiating position. With no cost involved, a high approval rate, and a user-friendly process, it’s an excellent step for serious home seekers who want to secure the best deal possible.