What documents do I need to apply for a SA home loan?

ID/passport, proof of income (3 months payslips or financials if self-employed), 3 months bank statements, proof of residence and offer to purchase.

Can first-time buyers get help with deposit?

Yes! FLISP subsidy (R30,001 – R130,000) is available for incomes R3,501 – R22,000 per month. Many banks also offer 100% or 105% bonds to qualifying first-time buyers.

How long does SA home loan approval take?

Typically 5–20 working days once all documents are submitted. Using a bond originator can speed this up.

Who offers the best SA home loan rates?

Rates vary daily. The big four (Absa, FNB, Nedbank, Standard Bank) plus SA Home Loans and specialist originators like ooba often give the lowest rates to strong profiles.

SA Home Loan – Rates, Calculator, Requirements & How to Apply

Looking for the best SA home loan? You're in the right place. This complete guide covers current rates, a free calculator, first-time buyer help, exact requirements, application steps and the best providers – all in one page.

Current SA Home Loan Interest Rates

The South African prime lending rate is currently 10.25%. Home loans are priced as prime ± a margin:

Excellent credit → Prime – 1.00% = 9.25%
Average credit → Prime – 0.25% = 10%
Higher risk → Prime + 1% = 11.25%

Free SA Home Loan Calculator

Use our free calculators below to estimate your monthly repayments and affordability.

SA Home Loan Repayment Calculator Monthly

Calculate your monthly home loan repayment based on the latest prime rate.

Loan Amount (R): Interest Rate (%): Loan Term (Years):

SA Home Loan Affordability Calculator

Estimate how much you can borrow based on your income and expenses.

Monthly Income (R): Other Monthly Debts (R): Interest Rate (%): Loan Term (Years):

First-Time SA Home Loan – Everything You Need

First-time buyers now make up the majority of new bonds. Benefits include:

100% or 105% home loans (no deposit required in many cases)
FLISP government subsidy (up to R130,000)
Lower attorney fees on properties under R1.1 million

SA Home Loan Requirements

Requirement	Details
Age	18+
Citizenship	SA citizen or permanent resident
Income	Permanent job 6+ months OR self-employed 2+ years
Credit Score	Typically 630+ (higher = better rate)
Debt-to-Income	Repayments ≤ 30% of gross income
Deposit	0–10% (100% bonds widely available)

How to Apply for a SA Home Loan – Step by Step

Get pre-qualified (free, 2-minute online form)
Gather documents (ID, payslips, bank statements)
Submit application through bank or bond originator
Credit check & property valuation
Receive approval & sign offer
Attorney registers bond → you get the keys!

Best SA Home Loan Providers Compared

Provider	Typical Rate	100% Bonds?	Notes
Standard Bank	Prime – 0.75%	Yes	Best let a bond originator get you a lower rate.
FNB	Prime – 0.73%	Yes	Great for first-timers, coupled with the bond originator's muscle to lower the rate.
Absa	Prime – 0.69%	Yes	Flexible repayment options, but an originator can get you a better rate.
Nedbank	Prime – 0.72%	Yes	Good self-employed packages, we can help with all the docs and best interest.
Investec	Prime – 0.74%	Sometimes	Best to speak to a specialist home loan originator.

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Frequently Asked Questions

What is the current SA home loan interest rate?

The prime lending rate is currently 10.25%. Home loans are usually offered at prime minus or plus a margin (e.g. 9.25% – 11.25%).

Can I get a 100% SA home loan with no deposit?

Yes – most major banks still offer 100% and even 105% bonds to qualifying applicants, especially first-time buyers.

How much subsidy does FLISP give?

R30,001 to R130,000 depending on income (R3,501 – R22,000 monthly).

How long does approval take?

Usually 5–20 working days once all documents are in. Using a bond originator speeds it up.