Home loan – absa

August 15, 2024 By: Alfred0 comments

Understanding home loans – make buying your home easy

Buying a home is easier than you think

Everything you need to know about buying a home, or building a home, switching your home loan or buying to let is right here! Read our articles and get all the information you need.

Get R10 000* cash back from Absa Rewards when you apply online for your home loan.

 Your journey home begins with Absa Home Loans.

Get even more with a home loan from us.

There’s a home loan for all your needs. Anyone can apply and all our home loans come standard with these great benefits.

Access to finance

• You could get up to 100% finance on your home with an Absa Home Loan

Flexibility

• Easy online management of your home loan, repayments and access to extra money paid.

Choice

• Choose between a fixed or variable interest rate. Change your term any time at no cost.

Qualify for even more discounts and benefits

Our home loans come with great benefits, see what you could qualify for.

Get prepared. Our Myhomeowner Journey is a free home buying course that will teach you everything you need to know about buying your first home.

If you earn <32 000 gross monthly income

MyHome:

• Home loan of up to 105% to cover additional costs
• Free borrower education
•  Access to insurance and retirement plans
• You may also qualify for a government housing subsidy programme – Finance Linked Individual Subsidy Programme (FLISP)

If you are a First Time Home Buyer 

First Time Home Buyer:

• Home loan of up to 106% to cover additional costs
• Access to insurance and retirement plans

Private Bank

If you have:
An Absa Private Banking account

We will give you:

• A direct point of entry for all your Home Loan needs.
• One-on-one specialised service.
• The convenience you expect
• Customised solutions to meet your needs.

Eco Home Loan 

Reduce your carbon footprint and your interest rate

• Get a rate concession of -0.25% on the variable interest rate when you register
• Qualify for rebate of up to 3% (up to R55 000) of the loan amount
• Purchase a property directly from an Absa-approved Eco Home Loan development.

Get great benefits when you qualify for a MyHome or First Time Buyer Home Loan

Attorney discounts

Receive 50% discount on your Absa Panel Attorney bond registration costs. 

Interest rate concession

As a first-time buyer you will receive an additional -0.25% concession on your variable interest rate on condition you:

• Open an Absa cheque account (Gold Value Bundle or Premium Banking Account or Private Banking Account) and
• Place a debit order to pay your Home Loan Account from your Absa cheque account.

Apply Now