FirstRand Bank Home Loans

FirstRand Bank Home Loans

We offer financial solutions and tools to guide you through the entire home loan process – from start to finish. Although buying a home can be stressful we aim to make the experience as smooth as possible.


Make sure you’re covered

  • Ensures that the property is covered from the first day you take ownership.

Buy Vacant land

  • Take the first step towards your dream home.

Get a Will at no cost

  • We will assist you in setting up a professional Will, at no cost, plus you can earn 1000 eBucks reward level points.

Once off costs

ExpenseDescriptionTypical amount
Purchase price deposit (if necessary)This is a payment made to secure the property. The amount will be stated in the Offer to Purchase contractVaries according to property value
Registration costsA fee that is paid by you to the attorneyView the rates .
Transferring costsA fee that is paid to the attorney nominated by the seller to transfer ownership of the propertyThis fee also varies and is based on the purchase price of the property
Postage and sundriesThe cost of documents and certificates that the conveyancing attorney will need to submit to the Deeds Office, the bank, the estate agent and youMinimum R300
Deeds Office registry feeA fixed fee for the local registration of the loanEstimated cost between R70 and R3 000
Transfer dutyThis is a government tax, which you will need to pay based on the purchase price.View the rates .
Initiation feeA fee charged by FNB to process your building loan applicationRefer to Annual Pricing Guide
Service feeA monthly administration fee will be charged on all new registered loans.

Please note that the monthly service fee applicable to your home loan will be charged irrespective of the balance outstanding and will only cease when the bond Is cancelled.
Refer to Annual Pricing Guide
Existing bond cancellation feeA cancellation fee, if applicable, will be charged by the attorney to cancel your bond in the Deeds OfficeIt varies by attorney
Early termination feesAn early termination fee is charged when a home loan is cancelled without giving 90 days notice.The fee is calculated on the outstanding balance at your current interest rate.

Monthly costs

A monthly service fee will be charged on all new registered loans. See Pricing Guide for details.


Other costs to consider

  • Municipal rates and fees
  • Monthly home loan repayments
  • Property Insurance
  • Life Assurance
  • Household content insurance

Documents needed

  • A copy of an offer to purchase (if applicable)
  • Proof of income
  • If self-employed provide the latest financial statements
  • Suitable proof of residence
  • Copy of South African ID book/card
  • Copy of marriage certificate (if applicable)
  • Completed application form