Who can apply for an Absa Home Loan?

Absa Home Loans are available to individuals purchasing property on their own, joint applicants buying property together, and legal entities such as registered businesses, companies or trusts purchasing property.

How long does it take to apply for an Absa Home Loan?

The online Absa Home Loan application process can be started in as little as 15 minutes, allowing applicants to submit their details digitally and track progress online.

Can I track my Absa Home Loan application online?

Yes. Absa's digital Home Loan application process allows applicants to track their application status anytime, anywhere and from any device.

What types of home loans can I apply for online?

Applicants can apply online for a new Home Loan, a Building Loan, a home loan switch from another bank, or to access additional funds from an existing Home Loan through a Further Advance or ReAdvance.

What documents do I need to apply for a Home Loan?

Typical requirements include an offer to purchase, proof of identity, bank statements, proof of income and additional supporting documents depending on your employment status and application type.

What information should I prepare before applying for a Home Loan?

Before applying, you should have proof of income, details of your expenses and financial commitments, relevant supporting documents and, if switching a home loan from another bank, your property's estimated market value and outstanding loan balance.

What happens after I submit my Home Loan application?

Once submitted, Absa reviews your application and may issue a conditional offer subject to document validation and property valuation. After valuation, a final offer may be made, followed by bond registration and property transfer processes.

Can first-time homebuyers apply for an Absa Home Loan?

Yes. Absa offers a First-time Homebuyer Home Loan solution that may provide qualifying customers with up to 110% financing and 50% off bond registration fees, subject to terms and conditions.

How long does the property transfer and registration process take?

The transfer and bond registration process typically takes around three months to complete, although this may take longer depending on the specific circumstances of the transaction.

Can self-employed individuals apply for an Absa Home Loan?

Yes. Self-employed applicants can apply for an Absa Home Loan and may be required to provide additional financial documentation, including bank statements and proof of income.

Apply for your Absa Home Loan in just 15 minutes

Our digital Home Loan application process enables you to track your application’s status anywhere, anytime and from any device.

Who can apply?

Individuals

Someone applying on their own for personal homeownership

Joint applicants

Two or more people applying together for shared ownership

Legal entities

Registered businesses, companies or trusts buying property

What you need to know

Home Loan types
You can start an application online for the following:

New ordinary Home Loan

Switching your home loan from another bank

New Building Loan

Apply to access funds from an existing Home Loan (Further Advance or ReAdvance).
What to expect
Find your home.

Make an offer.

Once the seller accepts the offer, start your Home Loan application online with us.

If we approve your application, you may get your conditional offer online or a consultant will contact you within 72 hours with your application’s outcome (this offer will still be subject to the validation of documents and valuation of the property you want to purchase).

One of our valuation experts will value the property.

Once the property has been valued, you’ll receive your final offer from us.

Once you accept the offer, the attorneys will be instructed to start the transfer of the property to your name and to register the bond.

Sign your transfer documents at the transfer attorney and pay the transfer duties and transfer fees.

Sign your bond registration documents and pay your bond registration costs. Use our calculators to work out what your costs may be.

Once the whole process has been completed (which takes around three months or longer in some cases), start the move into your new home.
Before applying
What you’ll need before applying:

If you’re switching an existing home loan from another bank to Absa, your property’s estimated market value and your loan’s outstanding balance.

Proof of gross and net income.

A list of expenses including loan commitments and variable living expenses.

Documents specific to your application. See below for guidelines.

Documents you’ll need

Full-time employed
Standard

Offer to purchase

Identity document (a South African ID, foreign national passport or temporary resident permit)

Three months’ bank statements.

Proof of income

One month payslip (latest).

Newly appointed/ No payslips

Employment contract.

Building Loan

View a list of all the required documents.
Self-employed/variable income
Standard

Offer to purchase

Identity document (a South African ID, foreign national passport or temporary resident permit)

Three months’ bank statements.

Proof of income

Six months’ payslips (latest and consecutive).

Newly appointed/ No payslips

Employment contract.

Building Loan

View a list of all the required documents.
Juristics/ legal entities
Standard

Three months’ personal bank statements (latest) reflecting the income declared

Three months’ bank statements of the business account.

Proof of income

Two years’ consecutive financial statements signed by a registered auditor, chartered accountant or accounting officer

Unqualified letter from a registered accountant/bookkeeper

IT34 (in exceptional circumstances).

Building Loan

View a list of all the required documents.
Pensioners
Standard

Three months’ personal bank statements (latest) reflecting the income declared

Three months’ bank statements of the business account.

Proof of income

Two years’ consecutive financial statements signed by a registered auditor, chartered accountant or accounting officer

Unqualified letter from a registered accountant/bookkeeper

IT34 (in exceptional circumstances).

Building Loan

View a list of all the required documents.
Other income
Rental (existing)

Signed lease agreement (latest).

Maintenance

Divorce decree/agreement

If unmarried, a copy of the maintenance agreement.