If you earn a single or joint gross monthly household income of R25 400 or less then MyHome Loan is the perfect solution for you. Start your application and get the home you’ve always wanted, sooner than you thought possible.

Apply now

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Up to 100% home loan

Find the home you want  and we'll give you the loan you need.

 

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Education Programme

A free training course on homeownership.

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Discounted costs

50% discount on your Absa Panel Attorney Bond Registration costs.

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Save money

With a zero initiation fee, you save R6 037.50 (incl. VAT).

What to expect and how to get it

  • What you get

    • A home loan of up to 100%
    • 50% discount on attorney bond registration costs
    • A saving of R6 037.50 (including VAT) on the initiation fee
    • Flexible repayment terms of up to 30 years
    • A choice of a variable or fixed interest rate
    • Free access to a professional Borrower Education Programme
    • Access to Financial Planning consultations by simply sending an e-mail to Virtualadviser@absa.co.za
    •  Apply for an Absa Homeowner's Comprehensive Insurance to cover the structure of your property.
    • Apply for an Absa Home Loan Protector Policy that pays off your home loan in the event of your death or temporary or permanent disability.
    • If you are an Absa Rewards member (or join now) you get even more benefits:
      • 10% cash back on MyTelnet home connectivity products and services
      • 10% cash back on Fidelity ADT monthly subscriptions

    Terms, conditions and fees apply

  • How to get even more

    • You may also qualify for FLISP, a Government-led housing subsidy programme aimed at customers who:
      • Are first-time home buyers
      • Earn a single or joint gross monthly household income of between R3 501 to R22 000
      • Are South African citizens with valid IDs or permanent residents with valid permits
      • Are older than 18 years and competent to legally contract
      • Have financial dependants
      • Have never benefitted from any Government Housing Subsidy Scheme before
     
    If you qualify, the Government may grant you a housing subsidy of between R27 960 – R121 626. This subsidy is a once-off lump sum payment towards the purchase of your home. Once the bond amount is approved by the Bank, you will have to approach the National Housing Finance Corporation (call 011 644 9800), e-mail FLISP@nhfc.co.za or visit www.nhfc.co.za) for the subsidy, or go to your nearest Provincial Department of Human Settlements. This subsidy can only be used as a deposit or to decrease the loan size. It cannot be used to pay any charges or attorney fees such as transfer and registration costs.
     

    Terms and Conditions apply

  • What to bring

    • Copy of the offer to purchase (OTP) containing the following details:
      • Seller details
      • Purchaser details
      • Correct property description
      • The full OTP will be obtained at the attorney to validate the following:
      • Purchase price
      • Signed by the seller and the purchaser and relevant witness
      • Contact details of the seller
    • Copy for each participant: Green barcoded ID/Smartcard (both sides), passport, permit, Refugee ID or Maroon ID
    • Copy of marriage or divorce certificate if surname in identity document differs to surname on application
    • Copy of proof of residence
    • Latest payslip (only one required for salaried individuals.
    • Three months’ bank statements showing the latest three salary deposits.
    • For Absa customers, statements can be sourced internally for commission, overtime earned, subsistence allowance, shift allowance or travel claims. Consecutive payslips for 6 months to be provided.

    Please note, the originals of the documents listed above will be verified by the Attorney during their process.

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Need more help?

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Call us on:

0860 111 007

Email us:

General account enquiries: home@absa.co.za

Home loan applications: propertyhub@absa.co.za

Help with home loan payment plans: bondrs@absa.co.za

Homeowners comprehensive insurance: adminhoc@absa.co.za

Home loan protector plans: polserv@absa.co.za

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