MORTGAGE
Amount toR 10,000,000
Termfrom 5 yr to 30 yr
Ratefrom 11.25 to 14.5%
Agefrom 18
ApprovalHigh
Home Loans in South Africa
Compare home loans (bonds) from Standard Bank Home Loans, FNB Home Loans, Absa Home Loans, Nedbank Home Loans and SA Home Loans. Variable rate (prime ± margin) or fixed rate, terms up to 30 years, NCA-compliant pre-agreement statement.
Rate from 11%
№ APT-0072
Home Loan R500 000
For home
Term up to 25 years
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Find a home loan
Online home loan calculator
Estimate your monthly bond repayment and total interest: enter the loan amount, term in years and interest rate. A full calculator with a detailed repayment schedule is available on a dedicated page.
Open calculator with repayment schedule →
Mortgage parameters
The calculation uses the entered amount as the loan principal (down payment is not deducted).
R
years
%
Monthly Payment
R 27,527
Loan amountR 2,500,000
OverpaymentR 4,106,517
Total loan amount: R 6,606,517
Other financing options
Compare consumer loans and microloans while you choose a mortgage program at your bank.
How to get a home loan in South Africa
A home loan (bond) in South Africa is arranged in stages: from choosing a bank to Deeds Office registration
1
Choose a bank or bond originator
Compare fixed and variable (prime ± margin) rates, LTV (loan-to-value), term and fees in the CreditDeals catalog. Bond originators such as BetterBond and ooba can submit to multiple banks simultaneously. Check eligibility for FLISP (Finance Linked Individual Subsidy Programme) if you are a first-time buyer.
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2
Prepare documents
You will typically need: South African ID / Smart ID card, proof of income (latest 3 payslips or ITA34 from SARS for salaried applicants; audited financials or 6 months bank statements for self-employed), offer to purchase (OTP) or sale agreement, and 3 months bank statements.
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3
Get approval and valuation
The bank assesses your credit bureau record (TransUnion / Experian / XDS), affordability and the property value. A bank-appointed valuer or the bank's automated valuation model is used. The affordability assessment is required under the NCA.
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4
Sign and register the bond at the Deeds Office
After approval, sign the loan agreement and bond documents. A bond attorney (conveyancer) registers the bond at the Deeds Office. Bond registration costs and transfer duty (government transfer tax, applicable above R1.1 million) are typically the buyer's responsibility.
What to look for when choosing a home loan
Key parameters for a home loan in South Africa:
- Documentation: South African ID / Smart ID card, proof of income, offer to purchase (OTP), and title deed registration at the Deeds Office as bond security.
- LTV and deposit: up to 100% for qualifying first-time buyers; standard 90–95% LTV; additional transfer duty (above R1.1m) and bond registration costs.
- Term: up to 30 years; maximum term depends on bank, age of the applicant and product.
- Rate: variable (prime ± margin) or fixed for an agreed period. The prime rate is set by SARB; check the current prime rate before calculating affordability.
- Costs: bond registration attorney fees, transfer duty (above R1.1m), bank initiation fee and monthly administration fee.
Read the pre-agreement statement and quotation (required under the NCA — equivalent to the EU's ESIS) carefully before signing. Seek independent legal or financial advice if unsure.
Home Loan FAQ in South Africa
South African banks typically lend up to 100% of the property value for qualifying first-time buyers; standard LTV is 90–95%, meaning a 5–10% deposit. Final LTV depends on credit score, income and bank policy. Transfer duty and bond registration costs are additional and are not included in the home loan.
FLISP (Finance Linked Individual Subsidy Programme) is a government subsidy for first-time home buyers earning between R3,501 and R22,000 per month (thresholds may be updated — check with the National Housing Finance Corporation). It reduces the home loan amount or deposit required. The property must be in your name and must be your primary residence.
Most banks require income verification. Self-employed applicants can typically use 2 years of audited financial statements or 6 months bank statements showing regular deposits. Informal income is harder to verify — ask the bank about their specific requirements.
Most South African home loans are variable, linked to the SARB prime lending rate (repo rate + 3.5%). When SARB raises the repo rate, your repayment increases; when it cuts, your repayment falls. Fixed-rate deals lock in certainty for a period but may carry a premium. Choose based on your risk appetite and the rate environment.
Bond registration costs (attorney fees) and property transfer costs (conveyancer fees and transfer duty) depend on the property price. Transfer duty is a government tax payable on properties above R1.1 million. Use a bond cost calculator for estimates; these costs are in addition to the deposit.
Yes. Under the National Credit Act (NCA), you have the right to settle your home loan (bond) early at any time. The bank must provide a settlement amount on request. Check your agreement for any early settlement notice period requirements.
Use the CreditDeals mortgage calculator: enter the loan amount, term in years and interest rate for an approximate monthly repayment.
Home Loans in South Africa 2026 — Compare Bank Offers
South Africa's home loan (bond) market is served by Standard Bank Home Loans, FNB Home Loans, Absa Home Loans, Nedbank Home Loans and non-bank lenders such as SA Home Loans. Rates are variable, linked to the SARB prime lending rate, with some banks offering a fixed-rate option for an initial period.
Before applying, compare the effective annual rate (EAR), LTV, fees (bond registration and transfer duty), and the NCA-required pre-agreement statement and quotation. Bond originators such as BetterBond and ooba submit to multiple banks simultaneously to find the best rate.
A home loan is a 20–30 year commitment. Keep the monthly repayment below 30% of gross household income. Budget for rate increases: each SARB repo rate hike raises the prime rate and your variable-rate repayment.
Property types eligible for home loans include sectional title (apartments), freehold houses, new developments (from accredited developers) and rural properties (subject to bank policy). The bond is registered at the Deeds Office and serves as security for the loan.
If you already have a home loan, consider refinancing when the prime rate falls or when you have improved your credit profile. CreditDeals guides are updated for 2026; always confirm terms and approval conditions with your bank before signing.
Home loan reviews
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Nedbank Home Loan
Best home loan deal I found
Nedbank offered 100% financing for my first home in Johannesburg. The online pre-approval was done in minutes. The NCR registration gave me ...