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General Terms & Conditions
This tool provides calculates an indicative price based on general principles around area usage and building specifications. The final price will depend on a number of factors such as the final custom design, the site location, the topography and geology as well as the timing of the construction.
The mortgage is calculated with the following assumptions: Interest Rate: 7,25% (Prime Rate as published by the South African Reserve Bank 30.05.2020). Full repayment of 20 years.
The minimum monthly household income includes all regular income from all members of the household before tax and expenses. The number provided in this tool is an estimate that can serve as an indication only. It is in the sole discretion of the potential financial services providers to establish criteria of affordability and creditworthiness depending on a range of factors.
The Total Area includes all visible rooms such as bedrooms, kitchen, bathrooms, living room, and circulation area, as well as the required area to build the internal and external walls of the house.
CITRA Construction collaborates with external partners to assist in purchasing a property and to source the mortgage. The user of this Quotation Tool agrees to share the personal information from this tool with those external partners. The use of that information is limited to the service herein requested, being the sourcing of a property if needed, the sourcing of a mortgage if needed, as well as the design and construction of the project.