Free Assessment

How do we compare?

Bond Optimiser is not the same as debt consolidation or debt review. Here’s a side-by-side comparison to give you a clear idea of what we offer.

What do we offer?

Bond Optimiser

Bond Optimiser is a credit repair programme that refinances your debt into your bond. Why? Because your bond is typically the cheapest form of credit available to you.

Debt Consolidation

Debt Consolidation combines your debts into a single debt with a new credit provider. You pay one monthly amount to this lender instead of separate payments to multiple lenders.

Debt Review

In Debt Review, a debt counsellor assesses your outstanding debt and puts a restructured repayment plan in place. Lenders are not allowed to contact you while you’re in debt review.

Do you qualify?

Bond Optimiser

You must own a property and have full-time employment.

Debt Consolidation

You must have full-time employment.

Debt Review

You must be employed and earn a regular income. You must also classify as ‘over-indebted’ and meet certain criteria as set out in the National Credit Act.

How Much Interest Are You Likely To Pay?

Bond Optimiser

We typically charge an interest rate of about 7–8%. This is much lower than traditional debt consolidation.

Debt Consolidation

The new lender will typically charge an interest rate of about 22–24%. The rate is usually high as your debt is unsecured.

Debt Review

You typically pay a reduced interest rate based on what you can afford. This means it will take longer to pay off your loans.

How Much Can You Save On Monthly Debt Repayments?

Bond Optimiser

We save our clients an average of R7000 per month on debt repayments.

Debt Consolidation

This depends on the settlement amount agreed on with your existing creditors.

Debt Review

This depends on the new monthly budget and debt repayment plan provided by your debt counsellor.

What Is The Maximum Loan Amount?

Bond Optimiser

Up to R1 million.

Debt Consolidation

Up to R250 000.

Debt Review

Debt Review is a repayment plan, not a loan facility. You will not be able to take out new loans or cellphone contracts during this time.

Do You Keep Ownership Of Your Home?

Bond Optimiser

Yes! You remain the owner of your home and we hold  the title deed until we switch you back to a traditional home loan provider.

Debt Consolidation

Your home does not form part of traditional debt consolidation.

Debt Review

Some debt review companies may include your home as part of the process. The terms may vary from company to company.

How Long Until You’re Out Of Debt Review And Your Judgements Are Cleared?

Bond Optimiser

This process takes about three months.

Debt Consolidation

You don’t qualify for traditional debt consolidation while in debt review.  

Debt Review

Only once all your debt has been repaid.

What Can You Get Funding For?

Bond Optimiser

We provide funds to help you cover school fees, settle outstanding municipal bills, or pay for home improvements.

Debt Consolidation

Debt Consolidation provides a fixed loan amount.

Debt Review

Debt Review does not provide funds to clients.

Are We Affiliated With A Bank?

Bond Optimiser

No.

Debt Consolidation

This depends on the debt consolidation company used.

Debt Review

No.

Do We Offer Debt Review?

Bond Optimiser

No. We help people avoid debt review or help them out of debt review.

Debt Consolidation

No.

Debt Review

Yes.