What is the maximum home loan available in South Africa?

You can qualify for up to 108% home loan financing, depending on eligibility and affordability.

Can I get a home loan near me as a first-time buyer?

Yes, first-time home buyers in South Africa can apply for home loans online or at their nearest branch.

What does a 108% home loan cover?

A 108% home loan covers the full property price plus additional costs such as bond registration and transfer fees.

Who qualifies for a home loan in South Africa?

Individuals earning a stable income, including first-time buyers and joint applicants, may qualify for a home loan subject to credit approval.

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What’s new in Online Banking?

You could qualify for up to R25 000 cash back on your next Home Loan

Name: Home Loan South Africa
Brand: Absa

As an Absa Home Loan customer, get 50% off bond registrations fees plus, an extra  0.5% real cash back on your home loan if you qualify for our Loyalty offer.

Get pre-qualified Apply now

Absa Home Loan customers get 50% off registration fees when they take up their next Home Loan with us!

Get pre-qualified Apply now

Here’s what you get

Cash back through Absa Rewards

Up to R25 000 cash back on your new Home Loan. Ts&Cs apply.

Attorney fee discount

Get 50% off your bond registration fees from Absa-selected attorneys.

No early termination fees

Waiver any early termination fees on your current Absa Home Loan.

A flexible repayment term

Choose to repay your Home Loan over a period of up to 30 years.

What you need to know

What you get
Absa Home Loan customers who finance their next property with us while settling and closing their existing Home Loan Account qualify for:

50% off bond registration fees

A waiver of any early termination fees when closing your existing Absa Home Loan Account

Up to R25 000 plus an extra 0.5% in real cash back on your home loan amount with Absa Rewards.

Terms and conditions apply.
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:

Full-time employed:

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).

Offer to purchase (if applicable).

Find out what your ideal home could cost

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

Calculate now

Frequently asked questions

Who can apply for a Loyalty Home Loan?

Absa Home Loan customers who are selling their current property to purchase a new one.
How much financing can I get?

Up to 100% of the property value.
What are the repayment options?

You can choose a repayment term of up to 30 years when you apply.
What loyalty rewards do I get?
You could get up to R25 000 once-off cash back through Absa Rewards, calculated at 0.5% of the loan amount taken to finance the new property, if you meet the following conditions before registration of your new mortgage bond linked to the cancellation of your existing mortgage bond:

You must have an existing or open a new Absa Gold Value Bundle, Ultimate Banking, Premium or Private Banking Cheque Account; and

You must sign a debit order mandate for your monthly Home Loan repayment amount to be paid from your Absa Cheque Account.