With FlexiReserve you are able to access any excess payments you’ve made to your home loan, over and above the due amount. You benefit from reduced interest whilst funds are in your Home Loan, whilst being able to access them as you need them.

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Pay a little extra

Save by paying a little extra than your regular instalment.

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Save more on interest

You can save more interest when paying more – and ultimately pay off your home loan sooner.

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Access extra funds

With FlexiReserve you can, at any time, access all excess payments made.

How to get it and what you can expect

  • What you get

    • Pay extra into your home loan reducing your home loan balance.
    • Extra payments save you interest, and ultimately pay off your home loan sooner.
    • At any time, access the additional funds paid into your home loan over and above your agreed monthly Home loan repayments.
    • View and transact from your home loan account via Absa Internet Banking, Automated Teller
    • Machines (ATMs), Telephone Banking (if you have an Absa transactional account and the home loan is linked to your banking profile), or any Absa branch nationwide.
    • Withdrawals must be at a minimum amount of R1 000 per transaction.
    • Available for all Home Loan types, except Family Springboard or Home Loans with collateral.

    Please note:

    • The minimum withdrawal transfer amount is R1 000.00.
    • The maximum transfer limit via the Internet, Telephone, or ATM is set by you. Should you wish to change any of the daily limits on these services, please visit your nearest Absa branch.
    • Cash withdrawals and 3rd party payments (directly from the home loan account) are blocked.
  • How does it work?

    You can:
    • Pay your regular monthly instalments on your home loan, plus a little extra
    • Paying more, you save more on interest - and this can add up over the long term.
    • You can withdraw the extra payments at any time and use it for anything you need. (e.g. if your agreed repayment is R2 000.00 per month and you deposit R3 000.00, you can withdraw the R1 000.00). These funds can be used for any purpose.
    This is a product option available on:
  • Features of a FlexiReserve

    • Deposit additional funds into your home loan.
    • Any additional deposits are deducted from your outstanding balance immediately, saving you interest costs.
    • Transfer available funds (effectively your savings) from your home loan (withdrawals increase the home loan balance, increasing the interest charged at your home loan interest rate).
    • Additional payments or transfers may affect the monthly repayments on your home loan (as the repayment is periodically reset).
    • Immediate access to available funds via the Internet, telephone, ATMs or branches.

    Please note:

    • The minimum withdrawal transfer amount is R1 000.
    • The maximum transfer limit via the Internet, Telephone, or ATM is set by you. Should you wish to change any of the daily limits on these services, please visit your nearest Absa branch.
    • Cash withdrawals and 3rd party payments (directly from the home loan account) are blocked.
    • Available funds in your home loan can be used for any purpose, from home improvements, education, to dream holidays.

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