Apply now
Apply to access cash from your Home Loan with an Absa Further Advance
As your home grows in value, you can apply to access extra cash to the value of your property
Apply now

Here’s what you get

Uninterrupted power 

Unlock your home’s value

Increase your Home Loan to match your home’s current market value.

Energy independence 

Flexibility

Spend the cash you get on whatever you choose.

Energy independence 

Lower interest rates

Access extra cash at Home Loan rates.

What you need to know

  • What you get

    • Access cash from your Home Loan account (i.e. the difference between your Home Loan balance and property’s market value. Subject to an affordability, property valuation and credit assessment).
    • Competitive interest rates. 
    • Choose from repayment options that suit your needs.
    • Freedom to use the funds however you choose.

  • How it works

    • We assess your property’s value and do an affordability and credit assessment.
    • You’ll need to register a further bond at the deeds office.
    • Bond registration costs apply.
    • The loan amount that you have been approved for will be paid to you as a cash lump sum.

  • What you need to apply

    • Your ID (a South African identity document or a passport, permanent residency permit or visa)
    • Three months’ bank statements (if you’re employed full time)
    • Six months’ bank statements (if you’re self-employed)
    • Proof of income requirements for:
      • If you are employed fulltime:
        • Latest payslip (not older than two months)
        • Six months’ payslips if you have a variable income
        • Employment contract if you do not receive a payslip or have been recently employed.
      • Pensioners:
        • Proof of advice or letter of pension.
      • Self-employed:
        • Salary advice
        • Latest IT34 (last tax year).

Frequently asked questions

Compare our range of Home Loan solutions

Absa ReAdvance 

Absa ReAdvance 
Minimum loan amount
N/A
Bond registration fees
No

Apply and access your available funds within 48 hours after approval. 

Tell me more Apply now

Absa FlexiReserve 

Absa ReAdvance 
Save on interest
Extra payments
Access to
Available funds

Access a portion of the additional funds you’ve paid into your Home Loan.

Tell me more Call me back

The future looks bright with our affordable solar financing

Save on electricity and invest in the future with our solar and energy products.

Tell me more

solar power

Read more related to this topic

Find out everything you need to know about owning a home, right here.

Insurance 101

Owning a home is no small feat. Find out everything you need to know about homeowner’s insurance.                                                                      

See more

Understand interest rates

Choosing between fixed and variable interest rates can be tough, but we’ve got you.                      

See more

Debt counselling 101

Struggling with repayments can be overwhelming, but control can be regained.                                   

See more

Be credit savvy

Keep your credit score in good standing for easy access to our credit facilities.

See more

Need more help?

Access our self-service tools.

 

Contact us

Call: 0860 111 007

International: +27 11 501 5048

Email: propertyhub@absa.co.za