You’re just a step away from owning your new home. All you need now is fully understand the costs and have all documents to start your application.

Applying for a home loan

  • Have everything you need to apply

    Before you fill out the application form, make sure you have all the necessary documentation ready

    Did you know?

    There are benefits of having a deposit when applying for financing? Tell me more

    Ensure that you have a good credit rating when you decide to buy a home. Tell me more

  • Are you ready to start the application process

    All you need to do is fill in an online application, or call us on 0860 111 007 for guidance and to take the next step.

  • Know what you can afford

    Have you done your calculations yet?

    Our calculators help you figure out what you can afford and how you can save.

  • Online tracking

    Once you’ve applied for a home loan you’re going to want to keep track of its progress. You can do so any time, with our online tracking tool.

  • What to expect

    When you apply for a home loan we assess your application in line with the National Credit Act. Find out what’s involved.

    The assessment process:

    • We’ll authenticate your identity as well as your income and employment information
    • We’ll validate the property details
    • We’ll then process your application
    • We’ll assess your credit worthiness
    • Finally, we’ll let you know whether your loan was approved or declined

    To avoid delays with your application, please make sure you send us the right information.

    If your application is approved:

    • You’ll receive an ‘approved in principle’ notice — this approval is subject to your acceptance of our offer
    • If you accept the terms and conditions of the loan, the next step is a property valuation
    • If we are happy with the valuation we’ll move you into the final grant stage, where your home loan application will be finalised
    • After that we will instruct the registration attorneys to register your bond
    • We’ll keep you updated on the progress until your bond is registered

    If your application is declined:

    You can query the decision with Absa. Reasons why your application might be declined include:

    • Based on the information you provided, our calculations show that you cannot afford the loan that you have applied for.
    • The management of your existing bank accounts indicates that further debt could affect your current affordability.

    Did you know?

    • There are benefits of having a deposit when applying for home loan finance? Tell me more
    • Ensure that you have a good credit rating when you decide to buy a home. Tell me more
  • Application FAQs

    When you apply for a home loan, we assess your application in line with the National Credit Act.

    FAQs

Need more help?

Let one of our consultants help you get the best home loan for your needs.

Call us on:

0861 221 221

Email us at:

home@absa.co.za

Visit your nearest branch