If you need money, you could increase your current home loan by taking up a Further Advance. Get sufficient value in the property to allow bond registration to cover increased loan amount. Use the funds for anything from home improvements, education to dream holidays.

How to get it and what you can expect

  • Features of a Further Advance

    A Further Advance is a cost–effective way to access the increased equity in your home for that much needed renovations and extensions. Structure your Further Advance on Multiplan for easy money management and interest savings

    Example of Client A below with a Further Advance:

    Home loan originally granted: R180 000.00

    Current outstanding balance: R100 000.00

    Original bond amount registered: R180 000.00

    Original value of property: R200 000.00

    Current value of property: R350 000.00

    Client A submits a Further advance of R200 000.00.

    This will then increase the home loan to a Total Loan Amount of R300 000.00 (R100 000.00 outstanding balance + R200 000.00 Further Advance).

    In this case, an additional bond (second bond) of R120 000.00 would have to be registered via a bond registering attorney (R180 000.00 existing bond amount + R120 000.00 second bond = R300 000.00 total bond amount).

    Value of property: R350 000.00

  • How does it work?

    • You can apply to increase your loan by the difference between the original loan granted and the current value of your home (credit lending rules apply).
    • You can use the extra money on your home loan for anything you need, such as education or paying off other debts.
    • You will need to register a further bond with a Further Advance, which means there will be some attorney and bond registration costs.
  • What you will need

    Documentation to accompany your Further Advance application:

    In order to apply for a Further Advance, please bring the following documents along:

    • A valid bar-coded Identify document (ID)
    • Latest salary advice
    • Offer to purchase (if purchasing a property or refer to “Building Loans Process” if building)
    • Provide consent for three (3) months bank statements if banking with First National Bank (FNB), Nedbank or Standard Bank, otherwise provide three (3) months bank statement
    Documents for Further Advance applications using the Building Loan process:

    In addition to the above-mentioned documents:

    • Copy of provisional or approved plans
    • Copy of detailed tender and quotations
    • Minimum specifications and schedule of finishes
    • Waiver of Builders Lien

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:


Visit your nearest branch