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Home loan ‘reward’ not very rewarding

Revolving facility proves to be an expensive option

A bond repayment product meant to put money back into the pockets of homeowners in good standing has left a bitter taste in the mouth of a Limpopo property owner.

Ntantele Legodi, 57, had hoped to take advantage of Nedbank’s NedRevolve - a product that is seemingly a reward for homeowners who pay extra bucks on top of their agreed monthly mortgage repayments with Nedbank. ..

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