Register a higher bond amount for future use when you take out a new home loan. When the value of your property has increased over time, you can apply for further advance without the hassle of registering another bond.

Access equity
Access equity

You can access equity in your home loan for
future use when your property value has increased.

Savings on bond costs
Savings on bond costs

Benefit from savings on bond costs for not
having to register a further bond sometime in the future.

Further finance
Further finance

Enjoy convenience and a quicker
turn-around-time when taking up further finance.

How to get a Future Bond and what to expect

  • The benefits of a Future bond

    • Enables you to apply for further finance without when your property value has increased, without the need to register a further bond.
    • Saving of further bond registration fees when you need further finance.
    • Convenience and a quicker turn-around-time when taking up further finance.

  • Limited Campaign for Future bond

    Home loan applicants who accepted to take up the future bond proposition to register a mortgage bond for an additional 20% above the home loan amount will receive the following benefit:

    • First time home buyers will be granted a 50% discount on their bond registration fees (excluding VAT) for the additional 20% above the home loan amount.
    • Customers that are not the first-time home buyers will be granted a 100% discount on the bond registration fees for the additional 20% above the home loan amount.
    • Limited campaign: 24 May 2024 to 28 February 2025

    * Terms and conditions apply

  • How it works

    • When a customer takes up a new home loan with Absa, the customer can request to register a higher bond amount than the required loan amount.
    • When the property value has increased, having a higher bond amount will enable the customer to apply for access to the additional amount, without the hassle of registering a further bond.

  • Additional information regarding a Future Bond

    • The difference between the loan granted and future bond amount is not automatically available for future take up. A full application to access the additional amount will have to be submitted, and a credit assessment and property valuation will be applicable.
    • Future Bond will not affect the loan repayments as the repayments are calculated on the loan amount paid out.

    Illustration of the bond registration fee impact (with no discount on fees applied):

    Registration of a Future bond of 20% above loan amount. (Example: R 1 Million bond)

    • Bond registration fees on a R1 million bond – R24 560
    • Bond registration fees on a R1.2 million bond – R26 545
    • Difference in bond registration fees to register 20% additional bond amount – R 1 985

    The bond registration fees to register a R200 000.00 bond is R8 485.

    As per the illustration above, there is a saving of R 6 500 (R8 485 – R1 985) by registering the future bond instead of a further bond registration of R200 000 at a later stage. 

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Call us on:

0860 111 007

E-mail us at:

home@absa.co.za

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