Equity release loan

Reap the rewards of your property investment and use the money to pay for   
other needs.

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Mortgage loan

Find the right home suited for you and your family, and we’ll help you
finance it.

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Home loan calculator

Mortgage loan
  • What you get


    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.
     
    • 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).*

Equity release loan
  • What to get


    Our home loan can be structured to suit your individual and family needs. A mortgage that lets you tap into the value of your property and utilise it as a cash loan for your home improvements. That’s how you turn your house into your dream home.
     
    • 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 wages of 30,000MT per month.
    • The monthly repayment amount is deducted directly from your salary.
    • A debt-to-income ratio of up 50% applies.
  • 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


    *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).

Are you interested in applying for a home loan? 

By choosing one of our home loan products, you are one step closer to that dream home.
Feel free to use our customised affordability calculator and apply.




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