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The 'Wiseman' Financial Calculator

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					                                                     Edenglo Finance
Agent:                                                                                                              TEL:
E-MAIL:                                                     APPLICATION FORM                                        Fax:

PLEASE PRINT i.e. use CAPITAL LETTERS only!                            SECURITY
PROPERTY ADDRESS:                                                                                             SUBURB:
PURCHASE DATE:                                       PURCHASE PRICE: R                                        PROPERTY VALUE:      R
STAND/ ERF SIZE:                              m2     STAND/ ERF NO.:                                          INTEREST RATE:
INSTITUTION:                                         BOND ACCT NO.:                                           OUTSTANDING BALANCE: R

                                  APPLICANT                                                              CO-APPLICANT / SPOUSE
SURNAME:                                                Dr / Mr / Mrs / Miss       SURNAME                                                 Dr / Mr / Mrs / Miss
FULL NAMES:                                                                        FULL NAMES:
IDENTITY No:                                                                       IDENTITY No:
MARRIED:           SINGLE             COP     ANC   DIVORCED      OTHER            MARRIED:          SINGLE              COP    ANC    DIVORCED     OTHER
TEL (W):                                                                           TEL (W):
TEL (H):                                                                           TEL (H):
CELLPHONE:                                                                         CELLPHONE:
FAX No:                                                                            FAX No:
E-MAIL ADDRESS:                                                                    E-MAIL ADDRESS:
RESIDENTIAL ADDRESS:                                                               RESIDENTIAL ADDRESS:

                                           POSTAL CODE:                                                                                 POSTAL CODE:
                                                      EMPLOYERS DETAILS
                                  APPLICANT                                                              CO-APPLICANT / SPOUSE
EMPLOYER:                                                                          EMPLOYER:
OCCUPATION:                                                                        OCCUPATION:
PERIOD:                                                              yrs           PERIOD:                                                              yrs
WORK ADDRESS:                                                                      WORK ADDRESS:


If less than 3 yrs, details of previous employer:                                  If less than 3 yrs, details of previous employer:

No of dependants …………..
Period:……………yrs                                                                                                                        Period:……………yrs
                              INCOME                                                                                DEDUCTIONS
         DESCRIPTION             APPLICANT               CO-APPLICANT                      DESCRIPTION                APPLICANT CO-APPLICANT
Gross Salary                                                                            Tax / PAYE
Housing Subsidy                                                                         Medical Aid
1/12th of Annual Bonus                                                                  Pension
Commission (Ave. over 12 months)                                                        UIF
Overtime (Ave. over a Period)                                                           Other, specify
Travel Allowance
Other, specify
TOTAL 1                                                                                 TOTAL 3

                   OTHER INCOME                                                                      DISPOSABLE INCOME
         DESCRIPTION     APPLICANT                       CO-APPLICANT                      DESCRIPTION     APPLICANT CO-APPLICANT
Rental Income                                                                           TOTAL 1
Investments                                                                             TOTAL 2          +
Annuities                                                                               Total Income
Other, specify                                                                          TOTAL 3          -
TOTAL 2                                                                                 Disposable TOTAL

I/We herewith give permission to do the necessary enquiries to review my/our creditability. I/We herewith declare that the above information is correct and
true.

SIGNATURE:       APPLICANT:      ________________             CO-APPLICANT/SPOUSE: _________________                           DATE:   ________________




                                                                               1
                                                     Edenglo Finance
Agent:                                                                                                         TEL:
E-MAIL:                                                                                                        Fax:

                                                                     PROPERTY 2
PROPERTY ADDRESS:                                                                                         SUBURB:
PURCHASE DATE:                                      PURCHASE PRICE: R                                     PROPERTY VALUE: R
STAND/ ERF SIZE:                            m2      STAND/ ERF NO.:                                       INTEREST RATE & BOND….            …………………
                                                                PROPERTY 3
PROPERTY ADDRESS:                                                                          SUBURB:
PURCHASE DATE:                                      PURCHASE PRICE: R                      PROPERTY VALUE: R
STAND/ ERF SIZE:                            m2      STAND/ ERF NO.:                        INTEREST RATE & BOND….                            ……………….
NB: Please complete in detail.                      J O I N T M O N T H LY E X P E N S E S
        DESCRIPTION                   APPLICANT        CO-APPLICANT            TOTAL             INSTITUTION             ACCOUNT NO.           PAYMENTS
                                                                            OUTSTANDING                                                        OVERDUE
                                     INSTALMENT         INSTALMENT            BALANCE
                                      / PAYMENT          / PAYMENT
PROPERTY LOAN 1
PROPERTY LOAN 2
PROPERTY LOAN 3
VEHICLE / Car 1
VEHICLE / Car 2
VEHICLE / Car 3
CREDIT CARD 1
CREDIT CARD 2
CREDIT CARD 3
CREDIT CARD 4
PERSONAL LOAN 1
PERSONAL LOAN 2
PERSONAL LOAN 3
PERSONAL LOAN 4
STORE ACCOUNT 1
STORE ACCOUNT 2
STORE ACCOUNT 3
STORE ACCOUNT 4
GROCERIES
SCHOOL FEES / STUDIES
LIFE INSURANCE
SHORT TERM INSURANCE
HOUSE WORKER / GARDENER
RATES & WATER
ELECTRICITY
MEDICAL / PHARMACY
FUEL (Petrol)
CELL PHONE
TELEPHONE
SABC/MNET/DSTV
ENTERTAINMENT
OTHER EXPENSES 1
OTHER EXPENSES 2
TOTALS                               R                 R                    R                                                                  R

I/We herewith give permission to do the necessary enquiries to review my/our creditability. I/We herewith declare that the above information is correct and
true.

SIGNATURE:       APPLICANT:      ________________             CO-APPLICANT/SPOUSE: _________________                      DATE:   ________________




                                                                             2
                                          Edenglo Finance
                                                   Checklist
Please submit all supporting documents to               FAX no:                             .
in the following order, in following order, yes in following order only!!!

1. Completed Wiseman Application

2. Identity documents:                              Applicant YES   NO       Spouse/co-applicant   YES   NO

3. Latest Salary slips:                             Applicant YES   NO       Spouse/co-applicant   YES   NO

       IF Commission or Overtime:
               12 months Salary slips                         YES   NO
       IF Self Employed :
               Earnings Certificate from Accountant           YES   NO
               6 months Business bank statements              YES   NO
               Latest Financial Statements                    YES   NO

4. Last 3 months personal bank statements:         Applicant YES    NO       Spouse/co-applicant   YES   NO


5. Bond statement of last 12 months:                          YES   NO

6. Marriage certificate:                                      YES   NO N/A

7. Title Deed (if house is fully paid):                       YES   NO N/A

8. Proof of Residential Address –
       Copy of Water/Rates/Electricity/Telkom account YES           NO

9. IF have Rental Income:
        Copy of Lease Agreement(s)                   YES            NO
        NB: Income must show on your bank statements

10. IF a Property is registered in the following entities, full documentation from ALL the role players are
    required:
     Trust            - The Trustees
     Company          - The Directors
     CC               - The Members

Unacceptable Applications:
1.     Bond in Arrears
2.     Numerous Unpaids on Bank Statements
3.     Arrears on Store Accounts (unless proof that it’s paid up and ITC cleared)
4.     Judgements, Defaults & Trace Alerts (unless sorted out / paid and rescinded)
NB:
1.     Please FAX info in order as specified above
2.     Ensure Total Monthly Expenses are LESS THAN the Total Disposable Income.
3.     Specify all details e.g. outstanding balances, account numbers, etc.
4.     Please number the pages before faxing
5.     Do NOT fax if you still need to gather info!
                                                          3
                                           Edenglo Finance
What can be used as Gross Income

The banks pay careful attention to the sources of a client's income when they apply for a home. All income taken into
account must be of a permanent nature. The following types of income are acceptable to the bank:

1.     Monthly salary
      Your gross monthly income before tax, pension and medical aid deductions
2.     Annual bonus
      This can’t be used anymore
3.     Car allowance
      You may add the full benefit amount to your income
4.     Company car
      A percentage of the benefit may be included, provided you have full use of the car
5.     Housing subsidy or allowance
      100% of your employer's payment may be included as income
6.     Commission
      Based on your average earnings over a year, provided this continues.
7.     Overtime
      Provided this is permanent, an average needs to be taken between 6 to 12 month period, proof via bank statements
      and payslips would be needed.
8.     Entertainment allowance
      The full amount may be added if the benefit is permanent
9.     Joint income
      Joint income may be taken into account in the following circumstances: where the property is registered in the names
      of all the people whose incomes are taken into account income shared by a husband and wife - either can sign surety
      income shared by a company, close corporation or trust the income of a surety who will be paying your installments
10.    What other income sources are acceptable?
      Income from permanent sources other than those mentioned above (including unearned income from investments,
      annuities and trusts) may also be included, provided the income is of a permanent nature. Net rental may also be
      accepted, provided that a copy of the lease agreement is presented.




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posted:8/10/2011
language:French
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