Finance your Home


Fix the interest rate on your home loan

Would you like the certainty of knowing your home loan repayments are the same every month? With an Absa Home Loan you can fix your interest rate for a specified period of time - 12, 24 or 60 months.


  • You are protected against rising interest rates
  • You can budget and better manage your cash flow, since your instalments don’t vary with interest rate fluctuations

How does it work?

With a fixed interest rate, your home loan interest rate stays the same for a specified period, regardless of whether home loan rates rise or fall. Your monthly instalment therefore doesn’t change during the fixed period.

When your fixed rate contract expires:

  • Your home loan will automatically revert to the prevailing home loan variable rate, the day after expiry
  • You may apply for a new fixed interest rate contract two days before your current fixed interest rate contract expires
  • If you accept the quotation, the new contract will only take effect after the expiry of the old contract and at the prevailing fixed interest rate

If you cancel your bond:

  • The fixed interest rate option will end when you sell your home or when your bond is fully paid up
  • Early termination interest will be levied if you cancel or suspend the agreement
  • We require at least 90 days' written notice of your intention to settle your home loan. Should you not give the required notice, we may charge you the 90 days' interest

If you cancel the fixed interest rate option

A penalty will be charged to your account. This penalty will be applied on a pro rata basis for the unserved period on the outstanding balance.


  • If the value of your property has increased or you want to improve your property, you can register a higher amount on your bond and have access to that equity
  • FurtherAdvance is available on all the fixed rate options

Fixing the interest rate of your home loan could be the right choice if you:

  • Prefer regular payments with no surprises
  • Have a limited or fixed income and want to be protected against rising interest rates
  • Are refinancing at a time when interest rates are comparatively low
  • Would like your home loan repayment to remain constant

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