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How Much Does Bond Registration Cost In South Africa 2024-2025

How Much Does Bond Registration Cost In South Africa 2024-2025

A registered bond is a debt instrument whose bondholder’s information is kept on record with the issuing party. By archiving the owner’s name, address, and other details, issuers ensure they’re making the bond’s coupon payments to the correct person.

How Much Does Bond Registration Cost In South Africa

BOND CAPITAL AMOUNT REGISTRATION COSTS
Does not exceed R150 000 R417
Exceeds R150 000 but does not exceed R300 000 R539
Exceeds R300 000 but does not exceed R600 000 R673
Exceeds R600 000 but does not exceed R800 000 R946
Exceeds R800 000 but does not exceed R1 000 000 R1 086
Exceeds R1 000 000 but does not exceed R2 000 000 R 1 220
Exceeds R2 000 000 but does not exceed R4 000 000 R1 691
Exceeds R4 000 000 but does not exceed R6 000 000 R2 051
Exceeds R6 000 000 but does not exceed R8 000 000 R2 442
Exceeds R8 000 000 but does not exceed R10 000 000 R2 854
Exceeds R10 000 000 but does not exceed R15 000 000 R3 397
Exceeds R15 000 000 but does not exceed R20 000 000 R4 080
Exceeds R20 000 000 but does not exceed R30 000 000 R4 755
Exceeds R30 000 000 R6 794

How long does bond registration take in South Africa?

about six to eight weeks

The registration process usually takes about six to eight weeks.

After the bank has approved your loan, the bank will ask the bond attorney to register a mortgage bond.

What happens after a bond is registered?

Once your bond is approved by the bank, and you’ve accepted their offer, it is still around three months for it to be registered.

During that time, the property will need to be transferred to your name, and a number of documents will need to be signed and delivered to the relevant parties.

Why is bond registration necessary?

Whenever a Mortgage Bond has been registered it affords the client access to the funds and affords the bank good security for the loan given.

A Power of Attorney to Mortgage – this document gives the attorneys the Authority to register a mortgage bond on behalf of the clients in favour of a Bank.