Housing loans

A Pension Powered Home Loan from Absa allows your employees to use their pension or provident fund benefit as security against a home loan without eroding their retirement benefit.

The amount that the employee borrows is guaranteed against the fund, meaning their pension or provident fund value is only affected in exceptional circumstances.

We give you all the tools you need to manage the loan. The fund trustees, managers and employers determine the maximum amount that can be borrowed, as well as the percentage and payback.

We also offer an affordable credit protection plan, which will settle your employee’s outstanding balance in the case of death, disability or retrenchment.

  • Limitations on the amount that can be borrowed to a set percentage determined by the pension or provident fund
  • Repayments are deducted directly from your employee's salary, making it very easy to manage
  • Finance costs for the home loan are reduced because there are no bond registration or valuation costs
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