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Structure your accounts using MultiPlan

Taking control of your debt and managing it properly often means more than just consolidating it. Consolidating your debt is the important first step, but by creating multiple, different debt accounts within your home loan - each with their own repayment terms, interest rates and FlexiReserve facilities - you can make the most of your financial options and optimise your debt management.

MultiPlan is an Absa-unique home loan option that consists of a primary account (your original home loan account), with one or more secondary accounts. It gives you the flexibility to create the optimum structure to reduce your monthly repayments and minimise your total interest costs.

Please note: MultiPlan facilities can only be obtained when applying for a new Home Loan, FurtherAdvance or ReAdvance facility.

MultiPlan could be the right choice if you:

Would like to repay the debt you have consolidated over different periods
Would like to pay some debt off over an extended period at a lower interest rate
Want to use a mix of interest rates to improve the stability of your total loan repayment
Want to separate loan amounts used for different purposes
Would like debit orders for specific loan amounts to be drawn from different accounts

Did You Know?

You can consolidate your debt using your bond account to reduce your monthly repayments, and use the equity in your home loan to access additional funds at any time.