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.

Absa Home Loan repeat buyers get exclusive discounts!

Name: Home Loan South Africa
Brand: Absa

Here’s what you get

A flexible repayment term

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

Competitive interest rates

We offer variable interest rates and you can apply for a fixed interest rate after registration

Access extra funds

Access a portion of the excess funds that you’ve already paid into your Home Loan

Exclusive discounts

Enjoy 0.25% off your interest rate if you meet the qualifying criteria.

What you need to know

What you get
A 0.25% discount on your interest rate if you open an Absa Gold Account, Premium Value Bundle Account or Ultimate Banking Account before your bond is registered, pay your Home Loan via monthly debit order from the account and keep it up to date.

You can also access a portion of the extra funds you’ve paid into your Home Loan, over and above the required monthly repayment amount.

FREE Absa Rewards when you open an Absa Transactional Account. Rewards members could earn up to 30% real cash back on everyday purchases from our grocery, fuel, and health and beauty partners, depending on their Rewards Tier.

Expert guidance from our Property Finance Specialists.
How it works
Find out how much you could qualify for using our Home Loan Calculator.

Apply online or at a branch, or call 0860 111 007 and receive feedback on your application within minutes.

Apply as an individual or fill out a joint application.

Track your application online, download FREE eStatements and manage your Home Loan Account via your Absa Banking App or Absa Online.
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).
Loyalty Home Loan

Absa Home Loan customers who choose to finance their next property with us while settling and closing their existing Absa Home Loan Account, could qualify for exclusive perks and discounts with our Loyalty Home Loan.

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

Can I keep my existing home loan and apply for another?

Yes, you can. The approval for your next home loan will depend on your affordability. If you want to sell your current property, your monthly repayments will be considered during our affordability calculations.
How much could I qualify for?

Once you apply, your application will be assessed based on your income, your affordability, the value of the property and your credit risk assessment. You can also get pre-qualified here.
Do I need to pay a deposit on the new home loan?

No, you don’t. You can apply for financing of up to 100% of the required amount to purchase the property. Paying a deposit will help to lower your repayments and may assist you in obtaining a better interest rate, but is not compulsory.
Can I get approval for a home loan while I decide which property to purchase?

No. To finalise your home loan application, you’ll need an offer to purchase for a property.
How do I sell my home and buy another?

This process requires planning and having the right information at each stage. If you’re selling your current financed property, there are early termination, bond cancellation and other costs involved. Learn more about the process here.