ABSA Home Loans: Your Path to Homeownership Simplified

Owning a home is an exciting yet financially demanding endeavor. ABSA home loans provide financing solutions for those aspiring to buy or upgrade residential properties, contingent upon having an active bank account and a favorable credit score. The application process is user-friendly, allowing applicants to choose from various home loan types, such as switching from another bank, obtaining a new ordinary home loan, accessing funds through existing loans, or acquiring a new building loan.

How to Apply for ABSA Home Loan:

1. Application Options:
   • Apply online or visit the nearest branch.
2. Eligibility Criteria:
   • Requires an active bank account and a good credit score.

ABSA Home Loan Types:

1. Switching from another bank.
2. New ordinary home loan.
3. Accessing funds through existing loans (Readvance or Further advance).
4. New building loan.

Documents Needed for Home Loan Application:

• Varied documents based on employment status (permanent, self-employed, pensioners, legal entities, other income).

Steps for Online ABSA Home Loan Application:

1. Go to ABSA home loan page.
2. Click “Apply for an ABSA home loan.”
3. Fill in the application form and submit.

Home Loan Calculator

How much would you like to borrow?

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Interest Rate This field is required and the value should be a number.

The interest rate of a loan will vary based on your credit score and risk profile.

Repayment Term

Day / Months / Years months years

Calculate

This online loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

ABSA Home Loan Pre-qualification:

• Evaluates application to determine pre-qualification, assessing criteria like long-term monthly salary, stable self-employment, and positive credit score.

Features of ABSA Home Loan:

1. My Home:
   • For those earning a maximum of R25,400, offering a 100% home loan with homeownership education and a 50% discount on attorney bond registration costs.
2. Young Professionals:
   • Catering to first-time home buyers or young professionals, providing a 105% bond for property worth up to R1.5 million and a 30% discount on attorney bond registration costs.
3. Private Banking Home Loan:
   • Offers a dedicated personal banker, exclusive banking surroundings, and a multi-plan option linking several accounts to a single credit facility.

Benefits of ABSA Home Loan:

• Flexibility in managing loans online, availability to active members with a good credit score, up to 100% financial support, and the choice between fixed or variable interest rates.

Discounts Include:

• 100% home loan, 50% discount on bond registration fees, no initiation fee, eligibility for government housing subsidy programs, flexible repayment terms up to 30 years, and various discounts for ABSA reward members.

Security Measures:

• Confidentiality and security of information ensured by ABSA through encryption and the responsibility of users to protect login details.

In conclusion, ABSA home loans stand out in the market due to competitive interest rates, discounts, and financial services tailored for different clients, offering flexibility in repayment plans.