Albaraka Bank Home Loans South Africa

Albaraka Bank Home Loans South Africa

An investment in a home of your own is probably the single largest commitment you may undertake in your lifetime. So, the choices you make on the type of home, the area, cost of renovations, etc are as important as the Bank you choose to finance it.


Al Baraka Banks’ property finance is aimed at making you a homeowner and providing you with financial independence much sooner. We want you to enjoy the benefits of your own home while you’re still young. Most home loans mean a long term commitment and years of fluctuating installments.

With Al Baraka Banks’ Murabaha property financing you can plan ahead, knowing that your fixed financial commitments will not alter at any time.

The Murabaha or Instalment Sale Mode of financing is used for property transactions. Both parties agree at the outset on the profit mark-up, and the period and terms of repayment which cannot be changed for the duration of the transaction. 

Speak to an Al Baraka Bank financial consultant about your particular needs before you go house hunting. With the Bank’s approval you can negotiate as a cash buyer.

This financial facility is available for a mutually agreed period, giving you enough time to search for that special home you’ve always wanted. The transaction is only subject to the Bank’s favourable assessment of the property and your financial situation.

All you have to do to secure your financial future is to complete our application form substantiated with your personal and financial information.


Home Finance

  • Low deposit requirement
  • No monthly admin fees
  • Fixed monthly instalments with an annual review
  • Annual lump sum option available
  • Access to equity on freehold property
  • Flexible term NOW up to *30 years
  • Subject to Al Baraka Bank’s property finance requirement

How do you apply?
Call us today to discuss the Al Baraka Finance product you wish to apply for.

What documentation is required?

  • Proof of income
  • Last 3 months salary confirmation (salaried individuals)
  • Latest annual Financial Statements / Income Tax Return (non-salaried individuals)
  • Last 3 months Bank Statements
  • Signed statement of personal Income and Expenditure
  • Signed statement of personal Assets and Liabilities (in joint name if married in community of property)
  • Bar-coded Identity Document or Smart ID
  • A utility bill, not older than 3 months, for the verification of your residential address