Why would I cancel my home loan bond?

You would cancel your bond when your home loan is fully paid off or when you plan to sell your property. Canceling the bond removes the mortgage from the property title and allows the deed to be released to you.

How do I cancel my bond with 90 days’ notice?

Submit a 90‑day notice to cancel your bond via the Absa Banking App, Absa Online Banking, or by calling 0860 111 007. Absa will calculate the cancellation figures and appoint a cancellation attorney to manage the process at the Deeds Office. You will sign the documents and pay the cancellation fees, and any excess funds will be refunded to your nominated account.

Can I cancel my bond immediately without notice?

Yes. If you cancel the bond without giving a 90‑day notice, you follow the same process but immediate cancellation charges or early termination fees may apply, typically calculated as up to 90 days’ interest on your outstanding balance.

What costs should I expect when cancelling a bond?

Cancellation costs include early termination interest (if applicable), and cancellation attorney fees for attending to the bond cancellation at the Deeds Office. These attorney fees vary depending on the number of bonds to be cancelled.

What happens with my insurance during bond cancellation?

Your Homeowners Comprehensive Insurance (HOC) and life insurance must remain in place until the cancellation is complete. If premiums are debited from your home loan account, you must arrange to have them paid from your transactional account after cancellation to ensure continuous cover.

How do I get the title deed after cancelling my bond?

After the cancellation attorney attends to the Deeds Office, your title deed will be delivered either to the attorney or to your nominated account once the bond cancellation is registered and any refunds are processed.

Can I cancel my bond if it is still unpaid and I am selling the property?

Yes. If you are selling your home before your loan is paid up, you can cancel the bond with or without 90‑day notice. The sale proceeds or guarantees are used to settle the outstanding balance, and the cancellation attorney will handle the process.

Who do I contact for help with cancelling my bond?

You can call Absa on 0860 111 007, email home loan enquiries at home@absa.co.za, or have a property expert call you back by requesting a callback through Absa’s contact channels.

Cancelling your home loan. Find out how.

If you’re cancelling your Home Loan within 90 days:

Here’s what you need to do and what we’ll do:
- You need to submit a 90-day cancellation notice via your Absa Banking App or Absa Online, or by calling 0860 111 007.
- We’ll calculate your outstanding balance and appoint a cancellation attorney. You’ll need to sign the necessary documents with the attorney and pay the cancellation fees.
- You must settle the outstanding balance by way of guarantee. Your attorney will lodge the cancellation at the deeds office.
- We’ll refund any excess funds into your chosen account. If you haven’t chosen an account, we’ll pay this to your attorney.
If you have an Absa FlexiReserve facility:
- This facility will be suspended as soon as your cancellation attorney issues guarantees for the outstanding balance.
- Withdrawing from this account after guarantees have been issued means that your attorney will need to stop the cancellation process.
- Withdrawing cash from this account will increase your outstanding balance.
Fees and attorney charges to consider:
- If you give notice within 90 days, you’ll only be charged interest on the outstanding balance for the relevant number of days.
- Your cancellation attorney will charge you a fee for administering the cancellation. This must be paid to them directly.
Insurance considerations:
- If you have Homeowner’s Comprehensive Insurance, make sure your home remains insured until the cancellation process is complete.
- If you have life insurance, make sure that it remains in place until the cancellation process is complete.
- If the above-mentioned policies are paid from your Home Loan Account, call Absa Life on 0860 227 253 and Absa Insurance Company on 0860 100 876 to make new payment arrangements.

If you’re cancelling your Home Loan with immediate effect:

Here’s what you need to do and what we’ll do:
- You’ll need to submit an immediate cancellation notice via your Absa Banking App or Absa Online, or by calling 0860 111 007.
- We’ll calculate your outstanding balance and appoint a cancellation attorney. You’ll need to sign the necessary documents with the attorney and pay the cancellation fees.
- You must settle the outstanding balance by way of guarantee. Your attorney will lodge the cancellation at the deeds office.
- We’ll refund any excess funds into your chosen account. If you haven’t chosen an account, we’ll pay this to your attorney.
If you have an Absa FlexiReserve facility:
- It will be suspended as soon as your cancellation attorney issues guarantees for the outstanding balance.
- Withdrawing from this account after guarantees have been issued means that your attorney will need to stop the cancellation process.
- Withdrawing cash from this account will increase your outstanding balance.
Fees and attorney charges to consider:
- If you give immediate notice, you’ll be charged early termination fees plus interest on the outstanding balance, for up to 90 days.
- Your cancellation attorney will charge you a fee for administering the cancellation. This must be paid to them directly.
Insurance considerations:
- If you have Homeowner’s Comprehensive Insurance, make sure that your home remains insured until the cancellation process is complete.
- If you have life insurance, make sure that it remains in place until the cancellation process is complete.
- If the abovementioned policies are paid from your Home Loan Account, call Absa Insurance Company on 0860 100 876 and Absa Life on 0860 227 253 to make new payment arrangements.

Once you’ve paid up your Home Loan, you’ll need to cancel it to get your title deed.
You can cancel your Home Loan at a branch or by calling 0860 111 007.
A cancellation attorney will be appointed to cancel your Home Loan at the deeds office.
No bank fees are charged for a paid-up Home Loan, but you’ll need to pay your attorney’s fees.
If you have Homeowner’s Comprehensive Insurance that is debited from your Home Loan Account, you’ll need to move your debit order to a different account. Call 086 010 0876 for help.
Once your Home Loan has been cancelled, your attorney will pay Absa the cancellation costs and we’ll refund you any extra money.