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.

Residential property investment – your springboard to wealth

Name: Home Loan South Africa
Brand: Absa

Here’s what you get

Up to 100%

Get financing of up to 100% of your home loan value to start your property investment.

Boost affordability

Use existing or future rental income to secure your loan.

Tenant management

Manage the administration that comes with having a tenant using the Tenant Profile Network’s (TPN’s) management services.

Property investment support

Get exclusive access to investor networks, industry insights, tailored support and more.

What you need to know

What you get
Get 0.35% off your variable interest rate when you open an Absa Cheque Account (Gold Value Bundle, Premium Banking or Ultimate Banking) and deposit a minimum of R3 000 per month into it.

To qualify for 0.50% off your variable interest rate, open an Absa Private Banking Account and deposit a minimum of R35 000 per month into the account.

For the variable interest rate discount to be successfully applied, you must make your first monthly repayment after your bond is registered via debit order from your newly opened account. To continue receiving the discount, you must ensure that you continue to make your monthly repayments via debit order from this account and avoid your account falling into arrears.

Terms and conditions apply.
Source of income

Existing and future rental income 

Add your existing and future rental income to your total income to boost your affordability assessment when applying for your next property.

Existing rental income 

If you’re purchasing a property with tenants who have an existing lease/contract, the existing rental income can be included in your affordability assessment if the tenants agree to continuing their lease agreement.

Future rental income 

If you’re buying a second or another property for rental purposes but it has no existing lease agreement/contract, a percentage of the estimated market-related rental income can be included on the credit affordability assessment.

Terms and conditions apply.
Value-added services
We offer the following services to all our Absa customers:

Homeowner’s Comprehensive Insurance to protect your home.

Absa Home Loan Credit Protection, which covers you in the unfortunate event of your death or temporary/permanent disability.

Absa Law for You to cover all your criminal, civil, labour and family law matters.

Estate administration to protect, manage and divide your assets according to your will.

Trust administration to draft, facilitate and establish deeds, trusts, inter vivos and testaments to ensure that your wishes are met.

Free access to financial planners at virtualadviser@absa.co.za

Financial planning to help you with financial analysis, retirement planning, and portfolio and insurance management.
Management tools
Business Evolve lets you manage your rental income and expenses easier with a range of transactional accounts.

The SA Property Investors Network gives you a free six-month professional membership with exclusive access to webinars, investor networks, events and more.

The Tenant Profile Network’s tenant management tools (such as their Residential LeasePack and Investor Report) help you to manage your tenants and rentals.

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 use my rental income to apply?

Yes, you can use both existing rental income and a percentage of future rental income to improve your affordability for a loan.
How much financing can I get?

You can get up to 100% loan-to-value (LTV) financing, depending on your credit assessment, affordability and property valuation.
What tenant management tools are available?

As an Absa investor customer, you get access to the Tenant Profile Network’s tenant management tools, which include their Residential LeasePacks, Rentbooks and Investor Reports, as well as credit checks and exclusive discounts.
How do I protect my investment?

Absa Trust offers estate planning services including will drafting, trust administration and estate management, to ensure your assets are protected and passed on according to your wishes.