Our home loans are tailor made to fit your needs and we promise to help you through the application process. We finance all residential properties, be it a house or an apartment. Enjoy our competitive interest rate options with flexible payment terms tailored to fit your needs.

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What you can expect

  • What you get

    • Up to 85% of the value of your property from the bank
    • Maximum repayment period of up to 25 years
    • Minimum loan request of 2,000,000MT
  • What you need to know

    • You have to earn a minimum wage of 50,000MT per year.
    • The monthly repayment amount is deducted directly from your salary.
    • A debt-to-income ratio of up 50% applies.
    • A minimum deposit of 15% is payble.
    • The interest rate is 22%.
    • The facility fee is 1.25% of the financial amount.
    • The valuation fee is fixed at 12,000MT.
  • What to bring when you apply

    • National ID card, passport or driving licence
    • Marriage certificate (if applicable).
    • Proof of residence, e.g. latest utility bill
    • Last 3 months’ bank statements
    • Confirmation of employment
    • An active Absa Current Account
    • Latest salary statement
    • Property certificate
    • Purchase agreements

    All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).*

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Need more help?

Contact us on:

Switchboard: +258 21 344 400
Email: linhacliente@absa.africa

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