Start your home loan application now. It’s quick, seamless and makes owning a home much easier. The digital home loan application process also gives you access to ‘track’ the status of your application anywhere, anytime and from any device.
What you need to know
You can start an application for the following loans online:
- New ordinary Home Loan
- Switching your home loan from another bank
- New building loan
- Applications to access funds from an existing Home Loan (Further advance or Readvance)
Documents you will need
-
Full-time employed
Standard
- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- 6 months’ pay slips (latest and consecutive)
Newly appointed / No payslips
- Employment contract
Building loan
- View a list of all the documents required
-
Self-employed/variable income
Standard- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- 6 months’ pay slips (latest and consecutive)
Newly appointed / No payslips
- Employment contract
Building loan
- View a list of all the documents required
-
Juristics/ legal entities
Standard- Three (3) months personal bank statements – reflecting the income declared (Latest)
- Three (3) months bank statements on the business account.
Proof of income
- 2 years consecutive financial statements signed by either a registered Auditor, Chartered Accountant or Accounting Officer
- Unqualified letter from registered accountant / bookkeeper
- IT34 (Exceptional circumstances)
Building loan
- View a list of all the documents required
-
Pensioners
Standard- Three (3) months personal bank statements – reflecting the income declared (Latest)
- Three (3) months bank statements on the business account.
Proof of income
- Proof of Pensioner status
- Annuity statement or annual pension increase letter
Building loan
- View a list of all the documents required
-
Other income
Read more about buying a home
- Find your home
- Make an offer
- Once the seller accepts, start your home loan application online with us
- If we approve your application, you may get your offer online or a consultant will contact you within 72 hours with the outcome of your application (this offer is still subject to validation of documents and valuation of the property you wish to purchase)
- The property will be valued by one of our valuation experts
- Once the property has been valued, you will receive your final offer from us
- Once you accept the offer, the attorneys will be instructed to start the transfer of the property into your name and the registration of the bond.
- You will need to sign your transfer documents at the transfer attorney and be requested to pay the transfer duties and transfer fees.
- You will then need to sign your bond registration documents and pay your bond registration costs. Use our calculators to work out what your costs may be.
- The whole process can take up to 3 months (in some cases longer) after which you can start the move into your new home.
Documents you will need
-
Full-time employed
Standard
- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- 6 months’ pay slips (latest and consecutive)
Newly appointed / No payslips
- Employment contract
Building loan
- View a list of all the documents required
-
Self-employed/variable income
Standard- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- 6 months’ pay slips (latest and consecutive)
Newly appointed / No payslips
- Employment contract
Building loan
- View a list of all the documents required
-
Juristics/ legal entities
Standard- Three (3) months personal bank statements – reflecting the income declared (Latest)
- Three (3) months bank statements on the business account.
Proof of income
- 2 years consecutive financial statements signed by either a registered Auditor, Chartered Accountant or Accounting Officer
- Unqualified letter from registered accountant / bookkeeper
- IT34 (Exceptional circumstances)
Building loan
- View a list of all the documents required
-
Pensioners
Standard- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- Proof of Pensioner status
- Annuity statement or annual pension increase letter
Building loan
- View a list of all the documents required
-
Other income
Read more about buying a home
Information you will need before applying:
- If you are switching an existing home loan from another bank to Absa you will need to have the ‘estimated market value of your property’, ‘outstanding balance for your current home loan.
- Gross and net income
- Expenses including loan commitments and variable living expenses
- Documents specific to your application. See below for guidelines.
Documents you will need
-
Full-time employed
Standard
- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- 6 months’ pay slips (latest and consecutive)
Newly appointed / No payslips
- Employment contract
Building loan
- View a list of all the documents required
-
Self-employed/variable income
Standard- Offer to purchase
- Identity document (SA ID / Foreign National Passport / Temporary Resident Permit)
- 3 months bank statements
Proof of income
- 6 months’ pay slips (latest and consecutive)
Newly appointed / No payslips
- Employment contract
Building loan
- View a list of all the documents required
-
Juristics/ legal entities
Standard- Three (3) months personal bank statements – reflecting the income declared (Latest)
- Three (3) months bank statements on the business account.
Proof of income
- 2 years consecutive financial statements signed by either a registered Auditor, Chartered Accountant or Accounting Officer
- Unqualified letter from registered accountant / bookkeeper
- IT34 (Exceptional circumstances)
Building loan
- View a list of all the documents required
-
Pensioners
Standard- Three (3) months personal bank statements – reflecting the income declared (Latest)
- Three (3) months bank statements on the business account.
Proof of income
- 2 years consecutive financial statements signed by either a registered Auditor, Chartered Accountant or Accounting Officer
- Unqualified letter from registered accountant / bookkeeper
- IT34 (Exceptional circumstances)
Building loan
- View a list of all the documents required
-
Other income
Read more about buying a home
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Need more help?
Let one of our property experts call you back.
Call us on:
0860 111 007
Email us:
Absa Property Hub: propertyhub@absa.co.za
