ABSA Bank Home Loans

ABSA Bank Home Loans

An Absa Home Loan can be structure to suit your individual financial and family needs. We finance all residential property, whether it’s a freestanding house, a flat, a townhouse or vacant land.

How to get it and what you can expect

What you get

  • Get up to 100% home loan.
  • A choice of a variable or fixed interest rate.
  • Get flexible repayment terms of up to 30 years — the term can be changed at any time at no cost.
  • Immediate access to any extra payments you’ve made into your bond with FlexiReserve.
  • The ability to track your application online, from submission to registration.
  • Absa Homeowners Comprehensive Insurance to protect your home.
  • The ability to view your home loan balance and FlexiReserve amount on Absa Online
  • Free financial planning consultation to complement your home ownership decision (incl. will drafting).
  • Free eStatements.

Access to complementary value-added products



Absa offers value-for-money with Homeowners Comprehensive Insurance (HOC), Life cover and Absa idirect Short Term insurance products.

How it works

  • Have a bank account into which your monthly salary, of greater than R23 300 per month, is paid
  • Pay a deposit up front, reduce your Home Loan and reduce your monthly repayments
  • Pay extra every month into your home loan and reduce the interest cost
  • Use ReAdvance and Further Advance, together with a MultiPlan to access available equity in your home
  • Register for Absa Rewards
  • Get electronic access to your home loan with Absa Online and Telephone Banking if you have an Absa transactional account

What you need to apply

  • A single or joint gross monthly household income of more than R23 300
  • A valid, bar-coded South African identity document
  • An offer to purchase (if purchasing a property)
  • Your latest salary advice (or income statement if self-employed)
  • Provide consent to request three (3) months’ bank statement if banking with First National Bank (FNB), Nedbank or Standard Bank, otherwise provide three (3) months’ bank statements
  • Load a debit order repayment instruction