Buying a home is easier than you think

Everything you need to know about buying a home, or building a home, switching your home loan or buying to let is right here! Read our articles and get all the information you need.

What would you like to do?

Get even more with a home loan from us

There’s a home loan for all your needs. Anyone can apply and all our home loans come standard with these great benefits.

Access to finance

You could get up to 100% finance on your home with an Absa Home Loan.

Flexibility

Easy online management of your home loan, repayments and access to extra money paid.

Choice

Choose between a fixed or variable interest rate. Change your term any time at no cost.

More about applying Apply for an Absa Home Loan

Qualify for even more discounts and benefits

Our home loans come with great benefits, see what you could qualify for.

If you earn <29 600 gross monthly income

MyHome:

Home loan of up to 105% to cover additional costs
Free borrower education
Access to insurance and retirement plans
You may also qualify for a government housing subsidy programme - Finance Linked Individual Subsidy Programme (FLISP)

** Terms and conditions apply

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If you are a First Time Home Buyer

First Time Home Buyer:

Home loan of up to 105% to cover additional costs
Access to insurance and retirement plans

** Terms and conditions apply

Tell me more

Private Bank

If you have:
An Absa Private Banking account

We will give you:

A direct point of entry for all your Home Loan needs.
One-on-one specialised service.
The convenience you expect
Customised solutions to meet your needs.

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Get great benefits when you qualify for a MyHome or First Time Buyer Home Loan

Attorney discounts

Receive 50% discount on your Absa Panel Attorney bond registration costs.

Interest rate concession

As a first-time buyer you will receive an additional -0.25% concession on your variable interest rate on condition you:

Open an Absa cheque account (Gold Value Bundle or Premium Banking Account or Private Banking Account) and
Place a debit order to pay your Home Loan Account from your Absa cheque account. **Terms and conditions apply

Apply for an Absa Home Loan

Take our free MyHomeowner Journey

Get prepared. Our Myhomeowner Journey is a free home buying course that will teach you everything you need to know about buying your first home.

Start your journey

Frequently Asked Questions

Who is the target audience for the My Homeowner Journey (MHOJ)/eLearning Platform?

The eLearning platform is not limited to customers who are first-time home buyers, but to anyone who may be interested in understanding all aspects of home buying and homeownership.

Also, the MHOJ platform is used as an alternative homeownership training method for customers who are first-time home buyers, since the Borrower’s Education Training is a condition for their home loan to be registered.
What do I need to successfully complete the training?
You will need a:

Smartphone, computer or tablet

Email address

A good internet connection (via data or Wi-Fi)
How does an interested person access and register on the MHOJ Platform?

From the Absa website, access the Home Loans page here. Scroll down until you see Take our free My Homeowner Journey, and then click on Start your journey.

After you have clicked on Sign up, your registration will be completed, and you will receive a confirmation email. If you don’t get the email in your inbox, remember to check your junk mail/spam folder.

Once you have confirmed your account, proceed to logon with the username and password that you created when you registered. You’ll land on the dashboard that will show you all the modules and activities that you must complete to obtain the Borrower’s Education/Homeownership Training certificate. Once you’ve completed all the modules and activities, you will receive an email with your certificate.
What content is covered under the My Homeowner Journey training?
The Absa My Homeowner Journey is designed to educate first-time buyers and anyone interested in buying and owning a home. In total, the eLearning platform has four modules listed below, which are subdivided into 22 activities and 11 animated videos, thus covering key aspects of the end-to-end homeownership journey. Learning components also include activity assessments and a comprehensive survey at the end.

The four main modules include:

Planning to buy a home

Buying my home

Applying for finance

Being a homeowner
How long will the training take to complete?
It will take approximately 90 minutes to complete the training.

The training is intended to be engaging and you can start, save and continue
from where you last stopped in your eLearning journey.
What if I didn’t complete the training in one run, what should I do?

The course can be completed over more than one session and the system will save your progress. You can access the course anytime.
What must I do with the digital certificate that I received?

The certificate is intended to confirm that you have completed the online course.

Customers who have Borrower’s Education as a condition for their home loan must please submit the certificate to their respective Bond Registration Attorney.
What if I completed my training, but did not receive my digital certificate via email?
If you did not get an email with your certificate in your inbox, remember to check your junk mail/spam folder.

You can also download/resend your certificate from the platform:

Logon first and click on the drop-down arrow at the top right-hand side of the page.

Click on Certificate and you will have a choice to send it via email or download.
Can I trust the link that I received?
Yes, you can trust the link based on the following protection scenarios:

The URL (web address) must start with https – the s indicates that it is a secure website protected by a digital security certificate.
What must I do if the My Homeowner Journey link/URL is blocked on the device (smart phone/computer)?
Check whether the network where you are (at work or a café) is not blocking the site and preventing you from continuing with the online training.

Check with the respective IT Helpdesk.

Alternatively, try to access the platform using another device that has a different data connection or internet access.
What must I do if I am experiencing technical difficulties?
If you are experiencing any technical issues and require support, email us on mhojhelpdesk@lrmg.co.za.

Use the format below when compiling the email:

Name and surname

Cellphone number and email address

Date of birth

Problem experienced (add a description of the problem), e.g. "Completed training but I did not receive an email".

Technical issues/problems can include, but are not limited to:

Challenges with registration and logging on

Platform not responding

Challenges with getting my certificate.
Who do I contact for more information?

If you have any questions or require further information with regard to the My Homeowner Journey Platform content, send your query to HLeducation@absa.africa.

Get even more with a home loan from us

All our home loans come with great discounts and benefits. See what you could qualify for.

Loyalty

If you are:
Selling your home financed by Absa and buying your next home with Absa

We will give you:

25% reduction on your initiation fees
0.5% cash back on the value of your home - up to R6 000 - paid into an Absa account on registration
Access to even more benefits with a free Will plus access to great insurance and retirement plans
No 90-day early settlement fees.

Tell me more

Buy-to-Let

If you are:
Buying a property to
rent it out

You will be able to:

Use your existing rental leases you towards your affordability.
Factor in potential future rental income if you have two or more properties.
Give you access to discounted rates on TPN and Trafalgar services.
Give you access to Absa Law For You services on call whenever you need (packages up to R200 000 per year).
Offer financial planning experts to ensure you get the advice that every investor needs

Tell me more

Apply for an Absa Home Loan

Switching is easy with us

We've made switching as simple as possible. Not only will we help you switch your home loan, we’ll even pay some of the costs!

Apply for an Absa Home Loan

Extend your term

Negotiate a new repayment term for your home loan to suit your plans and your pocket.

Reduce your rate

You could pay less for your home with a better interest rate.

Get more credit

You could access more of your home's equity when you need it at a potentially lower interest rate.

Reduced costs

We’ll give you a discount on, and contribute to, your bond registration fees and cancellation costs.

Easy switching

We’ll help you every step of the way to make your switch simple, cost-effective and quick.

Even more benefits

You’ll get a free financial consultation as well as access to as great insurance and retirement plans.

Get even more with a home loan from us

Think long term! You could get lower interest rates, huge savings and more credit when you switch your home loan to us.

Great Escape

Switch a home loan of R500 000.00 (five hundred thousand rand) or more.

We will give you:

50% discount on bond registration fees (incl. VAT)
In addition to the above benefit, Absa will pay up to R20,000 towards any remaining bond registration fees
Absa will pay up to R6000 towards bond cancellation costs
Limited offer: 10 October 2023 – 30 June 2024

Terms and conditions apply

Tell me more

Switch now

Before you break ground

Planning is everything when building. Our step-by-step guide will show you what you need to do.

Decide how much you can spend

Find out what the maximum budget is that you can spend.

Calculate my affordability

Find your land

The kind of land you choose will affect the cost of your build and more.

Find land

Draw up building plans

Find a draftsman or architect to work with you to help design and make your dream house a reality.

Find the right builder

Your builder is the most important part of your project. Make sure your builder is registered with the NHBRC.

Get all your documents

There are several documents you will need in order to apply for a building loan.

See the list of documents

Apply for your loan

Ready to start building? Call us on 0860 111 007 or apply online now.

Apply now

Get the home loan for residential property investors

Partner with Absa to invest in a Buy to Let property portfolio, as you strive to achieve your financial wealth aspirations. Absa’s Buy to Let Home Loan, goes beyond financing, brings you great products, services and tools to support you on your investment journey.

100% LTV Finance

Get up to 100% LTV to finance your investment purchase.

Existing and Future Rental Income

You can add your existing rental income to your affordability, and if you have 2 or more properties, you can add the ‘future rental’ for the property being financed for rental purposes.

Absa Estate Planning

A Needs Analysis with Absa Trust will provide you with options to protect the legacy that you have built. virtualadviser@absa.co.za

TPN Tenant Management Tools

TPN has a wide range of products and tools to help you vet and manage tenants, including credit check, Lease Pack and RentBook. As an Absa customer you get discounts on the Investor Report and the Residential Leasepack.

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Evolve Business Account

To turn your side hustle into a professional business, Evolve has a range of transactional account offerings to help you better manage your rental income and expenses.

Tell me more

Education with the SA Property Investor Network

Register with the SA Property Investors Network as a new or experienced investor, to grow your knowledge and your network. Absa customers can access the free Accelerator Course and 6 months free Foundation Membership.

Tell me more

Apply for an Absa Home Loan

Get even more with a home loan from us

All our home loans come with great discounts and benefits. See what you could qualify for.

Buy to Let

If you are:
Buying a property to rent it out

What we offer:

Up to 100% LTV financing
Utilise Existing and Future Rental Income to optimise your affordability.
Finance in your own name, Trust, Pty or other entity
Access great education and content with the SA Property Investors Network.
TPN’s tenant management solutions to assist you in vetting and managing tenants.
Evolve Business Account to better manage your investment cashflow.
An Absa Trust Needs Analysis to protect the legacy that you are building.

Tell me more

Universal Package

If you want:
To consolidate multiple residential properties and other assets
We will give you:

A structured facility with multiple assets as security.
A dedicated Private or Wealth Banker.
Access to an on-going line of credit.
The choice to structure your account in a way that suits your needs.
Access to financial planning experts to ensure you get the advice every investor needs.
Access to great insurance and retirement plans.

Tell me more

Apply for an Absa Home Loan