If you are an Absa home loan customer selling your home and buying a new one, we’ll reward you for staying with us. Choose our Loyalty Home Loan, enjoy discounts, and get more benefits for being loyal.

Apply now

Get up to 0.5% cash
back

Get 0.5% cash back on the value of your new home loan (capped at R6 000).

Enjoy 25% reduction
 

Receive a 25% reduction on your home loan initiation fees.

Get flexible repayment
 

Choose a loan repayment terms of up to 30 years

Choose your suitable
rate

Benefit from a fixed or variable interest rate 

Manage my debt
Manage my debt

If your debt is taking control of your life, speak to us first, we will help you. 

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How to get it and what you can expect

  • What you get

    • A 25% reduction on your home loan initiation fees.
    • Get 0.5% cash back on the value of your new home loan (up to a maximum of R6 000).
    • You can make additional payments at any stage, which will immediately reduce your interest cost.
    • Repayment terms of up to 30 years (can be reduced or increased at any time at no cost).
    • View your home loan balance and FlexiReserve amount on Absa Online.
    • A choice between a fixed or variable interest rate.
    • Access any advanced payments you pay over and above your monthly instalment, you will need to activate the FlexiReserve option on your account.
    • You can have electronic access to your Home Loan via Absa Online and Telephone Banking if you have an Absa transactional account. 
    • You can make additional payments at any stage, which will immediately reduce your interest cost.
    • Get free eStatements.
    • Download our Homeowner’s App.
    • Get Absa Cash Rewards.
    • Track your application online, from submission to registration. 
    • Waiver of 90 day early termination charge on the existing Absa Home Loan account which is to be settled, the calculation of the early termination charge will be the difference between three (3) months and the period of notice of settlement, if any, given by the customer.
    • We will provide a financial planning consultation with a qualified adviser, to consider the following for you: a Will, a life policy, retirement planning, and other options. Send an email to virtualadviser@absa.co.za and an adviser will call you.

    Related products or alternative products

    Absa offers value-for-money with Homeowners Comprehensive (HOC), Life cover and Absa idirect Short Term Insurance  products that provide the minimum cover requirements applicable to Absa Home Loans.

  • How does it work

    The Loyalty Home Loan is for you if you are selling your current home and buying another one.

    The Variable interest rate is linked to the bank’s mortgage lending rate and it changes as the prime interest rate changes.

    • Fixed interest rates are only available after registration of your bond.
    • You can also track your application online, from submission to registration.

    For more information, you can download our brochure here.

  • What you will need

    • A single or joint gross monthly household income of R23 300 or more
    • 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 statements if banking with First National Bank (FNB), Nedbank or Standard Bank, otherwise provide three (3) months bank statement

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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