Absa Private Banking Universal Home Loan is uniquely designed to offer you one all-inclusive financial solution. Expect the convenience of a transactional account that caters for your day-to-day banking needs in an effective and sophisticated manner, along with access to an on-going line of credit, easily customisable into separate loan accounts to suit your specific personal, practice or trust needs.

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Get universal financial solutions

Get value of your residential or commercial properties, shares and investments.

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Universal line of credit
 

Private Banking Universal gives you the power of an ongoing line of credit.

Banking for individuals
 

Get 1% cash back on your card purchases, best-in-class offshore investments and a Private Banker.

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Banking for Trusts
 

Manage the day-to-day financial needs of the Trust and access online self-service.

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How to get it and what you can expect

  • What you get

    The structured loan portion of Private Banking Universal gives you the power of an ongoing line of credit that, once approved, is readily available, eliminating the need to go through the credit application process again in future. Once approved, the funds can be used as you see fit; to purchase a vehicle, secure a property, take advantage of an investment opportunity, grow your business, improve your lifestyle or enjoy a once-in-a-lifetime experience.

    • Get immediate liquidity to acquire assets such as residential property, vehicles and luxury items. Grow your individual wealth, your professional practice, or the benefits for your trust.
    • Life Cover and Homeowner’s Comprehensive Insurance as conditions of grant.
    • Name each loan account to suit the asset being financed or purchased.
    • Monthly statements for each loan account to use for tax purposes.
    • The freedom to make advance payments and settle at any time prior to settlement date.
    • Increase available principal loan value when individual accounts reduce or amortise.
    • The convenience of monthly loan repayments made via debit order and additional repayments made via direct deposit from any source account.
    • Get free e-Statements.
    • Absa Homeowner’s App
    • Absa Cash Rewards
    • Track your application online, from submission to registration.
  • How does it work

    Find universal financial solution designed for your needs

    • Get one flexible package for all your financial needs.
    • Acquire additional assets for either yourself, your practice or trust.
    • Get credit that, once approved, is readily available, eliminating the need to go through the credit application process again in future.
    • Take advantage of an investment opportunity, grow your business, improve your lifestyle or enjoy a once-in-a-lifetime experience.

    Your universal financial solutions for life

    Whether in your individual capacity, as the owner of a professional practice, or as the Trustee of a Trust, you can now fully leverage the value of your residential or commercial properties, shares and investments to secure an ongoing line of credit with one competitive interest rate.

    Conveniently managed through your transactional account, you can customise this powerful credit facility to suit your exact borrowing needs by structuring and naming individual loan accounts within it, each with terms to suit you.

    Day-to-day banking for individuals

    • Enhance your finances and simplify your life with Private Banking Exceller.
    • Get 1% cash back on your card purchases, best-in-class offshore investments and a Private Banker.
    • Get access to NotifyMe, Absa Online, Telephone Banking and Cellphone Banking.

    Day-to-day banking for Practices

    • Simple banking facility to perform the daily transactions of your practice with professional practices the Practice Management Account to free you up to focus on your profession.

    Day-to-day banking for Trusts

    • The Private Banking Trust Account was created for Private Banking client with unique responsibilities in mind.
    • This transactional account offers you privacy and power in managing the day-to-day financial needs of the Trust, along with the convenience and accessibility of online self-service.
    • Immediate liquidity to acquire assets of any type, be it residential property, vehicles, luxury items, equipment, etc.
    • The means to grow your individual wealth, your professional practice, or the benefits for your trust.
    • Single and transparent pricing.
    • Peace of mind with Life Cover and Homeowner’s Comprehensive Insurance as conditions of grant.
    • The convenience to structure up to 99 separate loan accounts according to your needs.
    • The ability to name each loan account to suit the asset being financed or purchased.
    • Monthly statements for each loan account to use for tax purposes.
    • The freedom to make advance payments and settle at any time prior to settlement date.
    • An increased available principal loan value when individual accounts reduce or amortise.
    • The convenience of monthly loan repayments made via debit order and additional repayments made via direct deposit from any source account.

    Enjoy an ongoing Universal line of credit

    The structured loan portion of Private Banking Universal gives you the power of an ongoing line of credit that, once approved, is readily available, eliminating the need to go through the credit application process again in future.

    Once approved, the funds can be used as you see fit; to purchase a vehicle, secure a property, take advantage of an investment opportunity, grow your business, improve your lifestyle or enjoy a once-in-a-lifetime experience.

  • What you will need

    • A Private Banking client or earn the required annual gross income of R750 000 in your personal capacity.
    • Be a qualified professional within a practice or one of the Partners / Members / Shareholders or the Sole proprietor.
    • Proof of residence.
    • Be a Trustee of a Trust.
    • A valid bar-coded South African identity document.
    • An offer to purchase (if purchasing a property).
    • Your latest salary advice (or income statement if self-employed).
    • Provide consent to request three (3) months bank statement if banking with First National Bank (FNB), Nedbank or Standard Bank, otherwise provide three (3) months bank statement.

Need more help?

Let one of our consultants help you get the best home loan for your needs.

Call us on:

0860 553 553

E-mail us at:

privatebanking@absa.co.za