Apply now
Withdraw cash from your Home Loan account with Absa ReAdvance
Avoid getting another loan by accessing the money that you’ve already repaid into your Home Loan.
Apply now

Here’s what you get

Uninterrupted power 

Quick access to cash

Apply and get the cash within 48 hours after approval.

Energy independence 

No extra costs

Save by avoiding bond registration costs.

Energy independence 

Great interest rates

Enjoy competitive interest rates.

Energy independence 

Flexibility

Spend the cash you get on whatever you choose.

What you need to know about ReAdvance

  • What you get

    • Access the difference between your Home Loan’s outstanding balance and the original loan amount (subject to an affordability assessment, property valuation and credit assessment).
    • Use the money for whatever you choose.

  • How it works

    • Apply for the difference between your outstanding Home Loan balance and the full loan amount.
    • We’ll do a credit assessment and property valuation, and if successful, the funds will be transferred to you within 48 hours after approval.

     

    Apply now

  • 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:
      • If you're employed fulltime:
        • 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).

     

    Apply now

Frequently asked questions

Compare our range of Home Loan solutions

Absa Further Advance 

Absa Further Advance 
Minimum loan amount
R50 000
Bond registration fees
Yes

Use your home’s current market value to get additional funds for whatever you need, with an Absa Further Advance.

Tell me more Apply now

Absa FlexiReserve 

Absa ReAdvance 
Save on interest
Extra payments
Access to
Available funds

Access a portion of the additional funds you’ve paid into your Home Loan.

Tell me more Call me back

The future looks bright with our affordable solar financing

Save on electricity and invest in the future with our solar and energy products.

Tell me more

solar power

Read more related to this topic

Find out everything you need to know about owning a home, right here.

Insurance 101

Owning a home is no small feat. Find out everything you need to know about homeowner’s insurance.                                                                             

See more

Understand interest rates

Choosing between fixed and variable interest rates can be tough, but we’ve got you.                         

See more

Debt counselling 101

Struggling with repayments can be overwhelming, but control can be regained.                                         

See more

Be credit savvy

Keep your credit score in good standing for easy access to our credit facilities.

See more

Need more help?

Access our self-service tools.

 

Contact us

Call: 0860 111 007

International: +27 11 501 5048

Email: propertyhub@absa.co.za