Thanks Nicolette your videos really help. I've been following you since 2016 and in January 2020 I managed to finish paying off my car as I was paying extra since 2019. I applied the snowball method which you speak about in your videos were I first paid extra (double, R4000) on my personal loan as it had the highest interest, then once paid it was off I took that money and paid more on my car installment. When that was settled I then started paying all that money into my bond because my goal is to finish it in 3years (had already paid 4yrs). I'm now paying R14000 extra on top of the R7067 monthly bond installment making it roughly R21k per month. So I'll be saving 12 years all because of your teachings and being disciplined 🙏Danko sisi!
We've been taught that credit is bad and having 20 years attached to loan term just freaks people out. Thanks Nicollette for educating our people, this is content they're not teaching in schools. We love you sis wam 😘
I learned a lot from you I bought my house 2019 it was R500000 I paid deposit of R100000 then this year June I paid R 200000 now I owe my house R165200 monthly I pay 17000 then I told my HR to deduct R18000 then I applied for another bond nd it was approved now am busy with the attorney. 💕💕💕💕
We love it here now I'm rethinking my decision i wanted to take a personal loan so i can buy a car rather than getting finance but now i will use these calculator the weigh my options👏👏👏👏👏👏
Nicolette thanks so much for being soooooooo incredible! Your videos are so insightful and I love that you're a young black woman like myself. ☺ Which makes it even easier to trust you. I'm looking at buying a house early next year. My score is 745. Will this give me a good interest rate? What's the range of good interest for a home loan?
I learned a lot from you. I used to ask myself why interest rates are higher in personal loan. I also asked myself why persal loan is limited mainly up to R150 000 or R200 000 .just learned now that it can be up to R330 000. You broke it down nicely.
Your content assisted me in not making long-term mistakes when it comes to credit, very informative. When i started working i saved up money to renovate at home then i fell short of cash... lesson learned plan to last cent before building... I then borrowed 50k to finish up and my interest was 12% thanks to your teachings I finished that in, one and half year, as you can choose the period it doesn't have to be 6 years. I finished that and now my interest in personal loan is 9% im looking into buying a car do i use vehicle financing can the interest be higher than the personal loan interest?
Hi @Financial Bunny can you please do a segment on requesting/ negotiating lower payment plans on homeloans when you've maybe lost your job or have an unsecure employment contract and you are wanting to continuing payments but have less income.
Tama lepulana la gesu, i work for absa home loan division as a financial adviser. Can you please make a video explaining what further advance, re-advance and no further bond on your home loan reason why am asking you to do this is because most of our clients are not well informed about the above mentioned... Thank you
@@FinancialBunny Thank you. My personal loan interest rate is 27.35%. I'm glad I made the right decision to finish in 24 months not 43months. Now I know why it is high coz it was the. Maximum 😐😐😐😐🥵. See me going for personal loans kill me.
Hi Nicollete can u go to different banks, in order to know the interest rates they charging so u can pick the best or it must always be the bank u banking with.... Ps still a varsity student 🙏🙏🙏
Hi Simphiwe, I know you asked Nicolette but here goes. Yes you can. If you're applying for the same type of credit over the same period of time it will not knock your credit rating too badly. So yes absolutely apply to all of them then you can use the offers you get to negotiate better terms with your preferred bank. That's how I did mine, I hope this helps.
Thanks Nicolette, these are very informative and helpful😘. Question I have though regards to notice of termination, is it only applicable on financed vehicles or home loan as well?
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Thanks Nicolette your videos really help. I've been following you since 2016 and in January 2020 I managed to finish paying off my car as I was paying extra since 2019. I applied the snowball method which you speak about in your videos were I first paid extra (double, R4000) on my personal loan as it had the highest interest, then once paid it was off I took that money and paid more on my car installment. When that was settled I then started paying all that money into my bond because my goal is to finish it in 3years (had already paid 4yrs). I'm now paying R14000 extra on top of the R7067 monthly bond installment making it roughly R21k per month. So I'll be saving 12 years all because of your teachings and being disciplined 🙏Danko sisi!
Paying extra really helps ,I paid up my 6 years car loan in 4 years. Now looking to buy a house 🏠, your videos are super helpful 👌, thanks sis
Woow congratulations;so that means if you paying extra it's killing interest
That's my plan
We've been taught that credit is bad and having 20 years attached to loan term just freaks people out. Thanks Nicollette for educating our people, this is content they're not teaching in schools. We love you sis wam 😘
Thanda Nam
Say that again... With all the employment insecurity... The idea of a long term loan gives me so much anxiety.
I learned a lot from you I bought my house 2019 it was R500000 I paid deposit of R100000 then this year June I paid R 200000 now I owe my house R165200 monthly I pay 17000 then I told my HR to deduct R18000 then I applied for another bond nd it was approved now am busy with the attorney. 💕💕💕💕
Sorry I mean I am paying 1800
wooow thats sounds good looking to buy like that too
How much was the interest
Good day Nicolette
when you get a chance please talk about "Mortgage Refinancing, the advantages, and disadvantages. thank you in advance.
Will do. Just need to gather the facts
We love it here now I'm rethinking my decision i wanted to take a personal loan so i can buy a car rather than getting finance but now i will use these calculator the weigh my options👏👏👏👏👏👏
Love this and how you simplified everything in your explanation and calculations.
Thank you.
This is beautiful, it has been on my mind for a while now. Thanks for the clarity
Thanks Nicolete, you're doing the Lord's work with these educational videos. 🙏❤️
I swear social media analytics can read our minds. Lol
This is prime!! Hearing these facts more than once really does help in making sure that you understand and grasp it. Thanks for this Financial Bunny
This is the best teaching so far, thanks sis👏❤️
Think you so much this video couldn't have come at a better....your doing a wonderful thing sis wami
I'm excited the Math worked out too😊. i must say the kisses at the end. quick, short and accurate😘😘😘Thank you Financial Bunny
Notification gang💃🏾💃🏾💃🏾
Love this Nicolette. I have learned a lot in an easy way ❤️
I hope to make your life easier
is it just a me thing or this is really a great video ❤❤ Thank you so much Nico
Content we signed up for👏👏
Nicolette thanks so much for being soooooooo incredible! Your videos are so insightful and I love that you're a young black woman like myself. ☺ Which makes it even easier to trust you.
I'm looking at buying a house early next year. My score is 745. Will this give me a good interest rate? What's the range of good interest for a home loan?
Thanks for the video.
What should I look for when I try to open an account to receive my salary? I'm trying to see which bank I should go with
I learned a lot from you. I used to ask myself why interest rates are higher in personal loan. I also asked myself why persal loan is limited mainly up to R150 000 or R200 000 .just learned now that it can be up to R330 000. You broke it down nicely.
Thank you!
I think this is your best video so far.
Real financial literacy here.
Thanks Nicolette ✊🏾👍🏾
You like the numbers? I can do more like these
@@FinancialBunny calculator ya thusha and the visualisation makes it easier to understand I guess. 😂😂
I agree 🇧🇼
Your content assisted me in not making long-term mistakes when it comes to credit, very informative. When i started working i saved up money to renovate at home then i fell short of cash... lesson learned plan to last cent before building... I then borrowed 50k to finish up and my interest was 12% thanks to your teachings I finished that in, one and half year, as you can choose the period it doesn't have to be 6 years. I finished that and now my interest in personal loan is 9% im looking into buying a car do i use vehicle financing can the interest be higher than the personal loan interest?
I love the content, the passion, the energy, the wisdom ❤️👌🏼❤️👌🏼❤️
Wow this was needed just subscribed
Thank you very much 😀👌🏾u such a lifesaver
I try
Hi @Financial Bunny can you please do a segment on requesting/ negotiating lower payment plans on homeloans when you've maybe lost your job or have an unsecure employment contract and you are wanting to continuing payments but have less income.
Great stuff and always on point.Thanks
The excitement of getting the maths right 🙌🏽🤣
wow nicely put, now I am not scared of taking a home loan
And you shouldn’t be
Thank you so much Nicollet ❤️
Please talk about bond switch, is personal loan better?
Thank you Sisi wam, we appreciate you , where can I get Coco, the children's book , couldnt find it on takealot
It’s on Takealot, exclusive books and bargain books
Tama lepulana la gesu, i work for absa home loan division as a financial adviser. Can you please make a video explaining what further advance, re-advance and no further bond on your home loan reason why am asking you to do this is because most of our clients are not well informed about the above mentioned... Thank you
Thank you from Namibia.
You are welcome
Enkosi mntase💜💜
Lessgooooooo!!!!!!
Haha I'm here. I found myself missing Nicolette since last week
Welcome!!
@@FinancialBunny Thank you. My personal loan interest rate is 27.35%. I'm glad I made the right decision to finish in 24 months not 43months. Now I know why it is high coz it was the. Maximum 😐😐😐😐🥵. See me going for personal loans kill me.
In this predicament so I am listening closely
👏🏾👏🏾
The man knows that he will default and that is the main reason for his decision.
Your videos are sooo helpfull... getting all the information I cn to make the right decision
Dankie baie Nocolette
Hi Nicollete can u go to different banks, in order to know the interest rates they charging so u can pick the best or it must always be the bank u banking with.... Ps still a varsity student
🙏🙏🙏
Hi Simphiwe, I know you asked Nicolette but here goes. Yes you can. If you're applying for the same type of credit over the same period of time it will not knock your credit rating too badly. So yes absolutely apply to all of them then you can use the offers you get to negotiate better terms with your preferred bank. That's how I did mine, I hope this helps.
You can. They must offer you the best. Remember banks must compete for your business
Can you get a home loan to build?
I love your content and this vid is very informative but that Heineken tag 😂 ha.a sisi
We are working my doll. Increasing income streams
🙏
From Twapewa ☺️
Can't believe this is actually even up for question
you know.. lol
You have information.
Yep, this is really no brainer! Personal loans are just crazy interms of interest. Why would you want to do that?
#LIGHT
Does it apply to the car finance as well?
I have done a car finance video before this one
Nicolette your white accent is on point here! 😁😁 Yass girl
My what?🤣🤣🤣🤣
What is a white accent?
@@tebogo568 Eish such comments are very cringy! Out of all things that this person took away from this video, is a "white accent"! So sad.
😂😂😂😂
I never hear of Construction Loans. Do they exist in SA or does it force one to take a personal loan
They exist... They pay out per stage of construction... Just check with the banks.
Thanks Nicolette, these are very informative and helpful😘. Question I have though regards to notice of termination, is it only applicable on financed vehicles or home loan as well?
On home loans as well
@@FinancialBunny Yoh! you are a life saver, I was gonna fall the trap of paying for those penalties. Thanks dear💕
My sister do you mind sharing with us the links that you use on your contents?. Please with truly appreciate if you can do that for us.
When you say links? Are you talking about the calculators?
@@FinancialBunny yes
Can you extend a personal loan repayment duration to more than 60 months?
*more than 72 months
You would need to refinance it
🤯🤯🤯
What’s wrong?
Location sila💃💃
Joining from 🇦🇪
I'm excited the Math worked out too😊. i must say the kisses at the end. quick, short and accurate😘😘😘Thank you Financial Bunny