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What’s new in Online Banking?

Use your property’s growing value to unlock extra finance

Apply now

Apply now

Here’s what you get

Access your equity

Access the equity in your Home Loan once your property’s value has increased.

Save on bond costs

Enjoy easier access to additional funds without the extra bond registration costs later.

Convenience

Quicker turnaround time when you apply for future finance.

What you need to know

What you get
Register your bond for 20% more than your loan amount and get the extra cash when your property's value increases (valid for a limited time). If your application is accepted you'll get: 

As a first-time homebuyer: 50% off your bond registration fees (excluding VAT) for the additional 20% above your Home Loan amount.

As a customer who’s not a first-time homebuyer: 100% off your bond registration fees for the additional 20% above your Home Loan amount.

A quicker turnaround time when you apply for finance in future.
How it works
When you apply for a new Home Loan with Absa, you can request to register a higher bond amount than required.

Once your property’s value has increased, having a higher bond amount will allow you to apply for that additional amount, without the hassle of registering a further bond.

When you apply to access your Future Bond amount, you can also apply for a ReAdvance.
Additional information
Illustration of the bond registration fee impact (with no discount on fees applied)

Registration of a Future Bond of 20% above your loan amount:

Registration fees on a bond of R1 million: R24 560

Registration fees on a bond of R1.2 million: R26 545

Difference in bond registration fees to register an additional 20% on your bond amount: R1 985

If you don’t take up a Future Bond, the bond registration fees to register a bond of R200 000 will be R8 485.    

As per the illustration above, there’s a saving of R6 500 (R8 485 – R1 985) by registering a Future Bond instead of a further bond of R200 000 at a later stage.

Find out what your ideal home could cost

Use our quick and easy calculator to get an estimate of your monthly home loan repayment.

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Frequently asked questions

What is a Future Bond?

A Future Bond lets you register a higher bond amount when taking up a new Home Loan. This means that when your property value increases, you can apply for extra financing without registering a new bond.
How will it save me money?

By registering a higher bond amount up front, you avoid paying full bond registration costs again when applying for extra financing in the future. This can save you thousands.
Can I access the funds immediately?

No, you’ll need to apply for the additional funds after your property’s value has increased. A credit assessment and property valuation will be required.
Is Future Bond a limited offer?

No, a Future Bond is not a limited offer. However, the discount on the attorney registration fee is limited.