Build a property investment portfolio when you apply for a Buy-to-Let Home Loan, you can use a predetermined amount of existing rental income to complement your income, assist in your affordability and to help repay your loan.

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Choose your dream home

Need to buy a home? Get the one that suits your needs and choose your repayment options.

Invest in property

Reap the rewards on property investment and get competitive interest rate.

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Get a perfect rental home

Start receiving rental income to service monthly repayments on your Home Loan.

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How it works

What you get
  • No minimum income criteria
  • Flexible repayment terms of up to 30 years
  • Immediate access to any extra payments you’ve made into your bond with FlexiReserve 
  • Receive quarterly free eStatements
  • The option to increase your loan back to its original loan amount with ReAdvance or use Further Advance to access equity as your investment property value grows
  • A choice between a fixed interest and variable interest rates
  • Electronic access to your home loan with Absa Online and Telephone Banking if you have an Absa transactional account
  • Get cash back with Absa Rewards 
  • Track your application online, from submission to registration
  • Search for and find your ideal Buy-to-Let home via Absa Homeowner’s App
  • With a Buy-to-Let Home Loan you will also receive the following Value Added Services:
    • Trafalgar Property Management Services - As an Absa property investor client manage your investment properties at discounted rates. For more information visit Trafalgar Property management Services
    • TPN Tenant Management Services - Get access to a bouquet of tenant management solutions at discounted rates. For more information visit TPN Tenant Management Services.
    • WIMI Free Financial Advice - As an Absa customer you will be offered access to free financial planning which includes; savings and investments, insurance and risk protection, retirement planning, wills and trusts.

For more information or to take up an offer, contact WIMI at virtualadviser@absa.co.za or call 011 225 1797.

What you need to know
  • The Buy-to-Let financing option allows a predetermined amount of existing income to be taken into account to assess affordability and to service the monthly repayments on the loan for which you applied
  • Applicable to South African and non-South African residents
  • Property can be registered in the name of any legal entity, e.g. individual, joint, company, trust, etc. 
  • Building loans are also included.
What to bring
  • Proof of existing rental income if available (a copy of the rental contract, valid for 12 months; 6 months' bank statements showing rental income deposits into your transactional account)
  • A valid, bar-coded South African ID or a passport if you are not a South African citizen 
  • An offer to purchase (if purchasing a property) to be signed by all parties and relevant witnesses
  • Your latest salary advice (only 1 payslip required for salaried individuals) unless commission or overtime is consistently earned (or income statement if self-employed)
  • 3 months’ bank statements on your personal transactional showing latest 3 salary deposits.
contact

Need more help?

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

Call us on:

0860 111 007

E-mail us at:

home@absa.co.za

Visit your nearest branch