Nedbank Home Loan

How Bond Funds Are Disbursed

## How Nedbank releases bond proceeds Nedbank never EFTs the full loan amount into your personal cheque account on approval day. Rand moves through the conveyancing chain so the seller receives cleared funds only after the Deeds Office registers transfer and the bond. ### Standard purchase timeline | Stage | What happens | Typical timing | |---|---|---| | Bond grant | Nedbank approves the facility and instructs your attorney | **3–5 business days** after full submission | | Valuation | Independent valuator confirms market value | Runs parallel with legal prep | | Registration | Conveyancer lodges transfer and bond at the Deeds Office | **6–8 weeks** after grant (typical) | | Payout | Attorney trust account pays the seller's attorney | On successful registration | Funds sit in the conveyancing attorney's trust account until the registrar records the bond in Nedbank's favour and the property transfers to your name. That structure protects both buyer and seller under South African property law. ### Building or renovation loans When you finance new construction, Nedbank stages disbursements against certified build milestones instead of a single lump sum. Each progress payment requires proof that the builder reached the agreed phase before the next tranche releases. ### Costs outside the bond amount Transfer duty on properties above **R1,100,000**, bond registration attorney fees and transfer attorney fees are payable separately. Budget these items before you assume the approved bond covers every rand due at registration. ### If registration delays Keep your conveyancer, estate agent and Nedbank Home Loans consultant on the same email thread. Missing valuations or unsigned OTP clauses are the usual bottlenecks. Call **0860 555 111** or **homeloans@nedbank.co.za** during **Mon–Fri 8:00–17:00** if the grant letter expires before registration completes.

Delivery Methods