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Home Loans

A home loan is a long-term loan with repayment terms of 20+ years and loan amounts of up to R20M with variable and fixed interest rates as low as 7,25%; home loan pre-approval with no deposits is available online.

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No deposit Home loan that meets your budget & lifestyle needs

Compare home loans by interest rates, loan repayment terms, home loan charges, and other related criteria to find the most affordable option.

Our expert home loan providers are ready to help you!

Frequently Asked Questions

Choose a Home loan that will serve you in the long run

When looking at various available home loans in South Africa, we can help you figure out what you need to consider and why. Buying a home is likely to be one of the biggest purchases you will make in your lifetime so it's a good idea to get it right and choose the best option!

Have you decided that you want to buy a home because you don't want to waste more money paying rent? If so let us guide you through the need-to-know facts about home loans in South Africa!

First-time Home buyers in South Africa

It is natural for you to be a bit nervous and have many questions for your first time home loan. You want everything to go perfectly without any obstacles or undue hassle and so do we.

The best way to get prepared for that major step is to be well informed about the home buying process. Knowledge is power and the more you find out about home loans, the better you will position yourself to negotiate with the banks and alternative home loan providers.

LoansFind offers you all the information you require for buying a home in South Africa and will help you find a home loan provider that offers just what you need.

Is buying a Home the right thing to do?

If you have fears about buying a home, you should give this option more thought before committing to it. Although owning your own home is considered a safe and wise investment, there are many instances in which buying a home is not the right financial move.

The choice depends on many factors including lifestyle, financial health, future goals and occupation.

Renting vs Buying a Home

You may not be prepared to buy a home if you have insufficient savings or a bad credit record. Similarly, renting involves fewer responsibilities compared to homeownership and allows you to remain flexible in terms of moving, scaling down or even changing jobs and careers.

At the same time, when you rent a property, you will not be able to build wealth with this type of safe, long-term investment.

Reasons to Buy

Generally, the benefits of owning a home exceed the benefits of renting. You will accumulate wealth. You can resell your home and recover your initial investment or even make a profit. You will be able to use this asset for obtaining online loans. You can rent out your home if you wish to buy a bigger house and use the rental and property as security for your second home loan. Keep these benefits in mind to give you confidence.

Home-ownership & Marriage

It is certainly easier to finance the purchase of a home when both you and your spouse earn an income. Traditionally, most people buy a house when they get married and decide to have children.

At the same time, you can buy a home with confidence if you are still single and have a sufficiently high income.

Prepare your Finances to qualify for a Home loan

There are many financial aspects to take care of before you can buy a home in South Africa. You have to know where you stand financially and what home loan options are available to you.

1) Prepare your Credit rating for getting a Mortgage

Request a free credit report which you are entitled to and go through it carefully. Have any errors which you find fixed and keep a watchful eye for any fraud.

Perhaps the most important thing to do is to get rid of debt. Generally, the lower your debt is at the time of buying a home the better as this leaves you with a greater disposable income and this will be seen favorably by the banks.

2) Finding a Home loan

Consider as many direct lenders as possible and compare their home loan products based on interest rate, fees and repayment schedules. You should check what your bank has to offer since they may have a special deal for you as a loyal customer.

You may also want to make use of a mortgage broker whose job will be to apply for a home loan to all the banks and lenders and negotiate the best deal on your behalf. It is important to note that mortgage brokers or bond originators will not charge you for their services. They will receive a commission from the bank once you choose and approve a home loan offered.

3) Save for a Deposit to buy a Home

Virtually all lenders require you to place a deposit however first time home buyers can easily apply for a 100% bond. Your deposit is the amount of money which you will pay out of your pocket when purchasing the house.

The bigger the deposit is, the better not only because the banks will offer you a better rate on your loan but because it will lower your monthly payments and help you save in the long run. A deposit will improve your chances of home loan approval especially if you have a good, but not great, credit score and history.

4) Government Home buying programmes

You should check whether you qualify for a home loan subsidy or a home loan backed by the South African government. You will certainly get a good deal with low interest rate and a small deposit.

5) Getting pre-approved for a Home loan

If you get pre-approved for a home loan, you will have greater bargaining power when buying a house and can also make sure that you don't look at house in a price range that you cannot afford.

Expert help with Home loans

You can readily find for sale listings online plus tons of useful information about home loans. Despite this, working with a real estate agent remains the best option. A professional knows the local market insights and has considerable negotiation experience.

1) Reason for hiring an Estate agent

In addition they protect you from a contractual perspective and have the ability to inform you of everything that you need to know prior to concluding an Offer to Purchase. A good estate agent will prevent you from making costly mistakes. They can help you secure the best deal as well.

2) Finding an Agent

You should ask around first and compare multiple home loans online. You should look for a professional with plenty of experience and high achievements. One of the best options is to choose the estate agency that is the busiest in your area and call them to discuss your needs.

3) Working with an Agent

Estate agents do not charge for their services. Once you purchase a property they will earn a commission from the sale of the property. In South Africa estate agents earn a commission that ranges from 5% to 8% of the sales price of a property. You should explain exactly what you want and ask all questions that you have prior to going to look at any properties.

Avoid common Home loan mistakes

Find out what the most common home buying mistakes are and how to avoid them. It pays off to be prepared and the more you know the better positioned you will be to make an informed decision.

1) Forget about print ads

You should search for a property online. This is the more convenient and the most productive method as well since sellers and agents prefer using the web for advertising. When using property listing websites online you will find more pictures and more detailed information than you will find in a space limited newspaper advert.

2) Avoid viewing properties that don't suit you

You should not visit every home that an estate agent offers. You should have your agent to preview the properties and arrange visits only to the ones which meet your requirements. This will prevent a huge waste of time and will make deciding on what you want a lot easier.

3) Do not make last-minute decisions

You should not make any big purchases or take out other personal loans before closing a home loan. You should protect your deposit with contingencies in your contract.

You must be absolutely certain that you are buying the right house, especially when it comes to location.

Use Negotiation & WIN

There is plenty of room for to negotiate when it comes to purchase of a property. You just need to know how to exploit the available opportunities.

Demonstrate Commitment to the Property

You have to make your offer clear and concise as well as attractive to the seller. This can be done by offering a deposit and by letting them know that you are pre-approved and that they will not have to wait weeks for you to be approved for finance.

When your offer has to compete with a large number of other ones, you should consider providing a larger deposit and shortening or waiving some contingencies. You should demonstrate that you qualify for home loan approval.

Dealing with a Counter offer

If the seller makes a counter offer after you submit yours, you should negotiate further to reach an agreement.

Inspecting a Home before Making an offer

You have to ensure that the home which you will buy is in excellent condition. For this, you have to get a thorough and objective property inspection.

What's covered?

Find out what the home inspection will cover and make sure that no important feature is missed.

Material facts disclosure

These are defects which may influence the buyer's decision and influence the property sales price. Common examples include lead-based paint and asbestos panels. They must be disclosed by the seller.

Final inspection

Inspect the property once again on the day before signing the agreement to ensure that everything is as it should be.

Negotiate & Close a Home loan like a PRO

Given the required procedures for finalising a home purchase deal in South Africa, the whole process may take up to three months and possibly longer. It makes sense to book a moving service in advance to avoid further delays.

Home contents insurance

You should do this as soon as possible. Shop around to find the best home insurance deal. You may be able to get a great discount from your current insurer if you take a package deal.

Consider Sectional Title insurance

It is designed for South Africans who live in sectional title units. Its purpose is to protect their household goods.

Get familiar with the Closing process

This will give you a clear idea of how things will work out for you.

Now you can take the necessary steps for buying a home in South Africa. Browse through our range of lenders and home loans to get an idea of what your options are.

List of direct lenders offering Home loans

  1. Capitec Home loan


    • Up To 50% Off Bond Attorney Fees
    • Term up to 30 years
    • Buy Your First Home
  2. SA Home Loans Home loan

    SA Home Loans

    • SA's leading home loans
    • Term up to 30 years
    • First-time investment
  3. African Bank Home loan

    African Bank

    • Loans up to R250,000
    • Term up to 72 months
    • Interest from 15%
  4. Absa Home Loan Home loan

    Absa Home Loan

    • Expert finance
    • Term up to 30 years
    • Low interest rates
  5. Investec Home loan


    • 100% finance
    • Flexible repayment options
    • Competitive interest rates
  6. Better Bond Home loan

    Better Bond

    • BIG savings
    • Get a better rate
    • Reliable home loans
  7. Nedbank Home Loan Home loan

    Nedbank Home Lo...

    • Pre-approval
    • Payment relief
    • Interest from 7.25%
  8. FNB Home Loan Home loan

    FNB Home Loan

    • Fixed interest rate
    • Term up to 240 months
    • Interest from 9.75%
  9. Ooba Home loan


    • Loans up to R125,000,000
    • Term up to 30 years
    • Interest from 7.25%
  10. Justmoney Home loan


    • Trusted home loans
    • Free credit report
    • Get the best deals
  11. Hoopla Loans Home loan

    Hoopla Loans

    • Loans up to R250,000
    • Term up to 60 months
    • 5 minute loans
  12. Hippo Home loan


    • Loans up to R200,000
    • Term up to 30 years
    • A free comparison service
  13. Real People Home loan

    Real People

    • Loans up to R120,000
    • Term up to 48 months
    • Interest from 24.95%
  14. TUHF Home loan


    • Property Investment
    • Simple bridging finance
    • Online applications
  15. NHFC Home loan


    • Social Housing Institution
    • Affordable housing finance
    • Top-up subsidy
  16. Mortgage Market Home loan

    Mortgage Market

    • Pre-approval in 2 minutes
    • Term up to 30 years
    • Interest from 5%
  17. Bond Busters Home loan

    Bond Busters

    • Independent Mortgage Brokers
    • Expert Consultant Services
    • Remortgaging
  18. Better Compare Home loan

    Better Compare

    • Compare and Save
    • Quick loan comparison
    • A streamlined process
  19. Multinet Home loan


    • Get pre-qualified
    • Minimal paperwork
    • Interest from 7.25%
  20. Home Loans South Africa Home loan

    Home Loans Sout...

    • Starting from R400,000
    • Free online application
    • Compare rates save time
  21. Marlin Credit Home loan

    Marlin Credit

    • Bridging finance options
    • Expert bridging finance
    • Apply online
  22. GPF Mortgage Home loan

    GPF Mortgage

    • Loans up to R20,000,000
    • Get pre-approved
    • No deposit loans
  23. Bond Buddy Home loan

    Bond Buddy

    • Loans up to R10,000,000
    • Term up to 30 years
    • Interest from 8%
  24. Better Life Home loan

    Better Life

    • Loans up to R8,500,000
    • Term up to 20 years
    • Interest from 7.25%
  25. Finance Quotes Home loan