Rating based on 80 reviews

Absa Home Loan

  • Expert finance
  • Low interest rates
  • Repayment up to 30 years

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Absa homepage
Author Absa. Screenshot of Absa website.
[Accessed December 12, 2022]

About Absa

Absa Bank is part of the Barclays Africa Group and is a wholly-owned company.

They are amongst the world's best banks and they offer incredible yet affordable home loans you can rely on. They provide a wide range of financial options including banking, lending, saving, insurance, and investment services. Absa offers home loan products specially designed for their youth, students, and graduates as well as student loans and credit cards.

The best home loans

They offer a scope of retail, business, corporate administrations essentially in South Africa and Namibia. Their values, purpose, and goals exceed the normal criteria of other banking firms.

You are guaranteed exceptional customer service and quality-driven processes throughout every transaction. Additionally, they pride themselves in their commitment to you as well as their staff. They are trustworthy. You can trust them with your property finance and financial goals and they deliver a valuable and ethical service to you at all times.

Their clients are their focus

What sets them apart is that they use their strength, abilities, and assets to communicate the best reasonable outcomes of your home loan. Absa is driven by its purpose to enable individuals including you, to accomplish their financial aspirations. Their home loan service is centered on their goal to be the best financial services provider in the country.

Absa Services

Their home loans are customized to suit your requirements and to save you money.

They don’t offer a one size fits all solution

Absa bank accommodates your budget and customizes your home loan. By structuring your home loan to meet your needs you are guaranteed to get exactly what you require. Whether you are looking into buying a house, townhouse, flat, or even vacant land, they will assist you with the property finance you need to reach your dreams. They aim to help you find your dream home, and offer you flexible and affordable repayment terms, through a fixed or variable-term-based home loan.

You can choose between home loan options

Clients get a maximum repayment term of up to 30 years to pay off their home loan with Absa. When signing up with them, they offer an introductory discount on your monthly services fees on the Absa Gold or platinum bundle.

Unique property finance options

Everyone dreams of owning their own home. Many of those, who already own a home, can apply for refinancing to buy a property and a holiday home.

Make your dreams a reality with Absa and let them help you with your home loan today. They have the resources and capabilities as well as the passion to take you through each step of the process.

Calculate repayments on your dream home

Absa has a range of calculators for your convenience. You’re able to calculate repayments and affordability on your new home even before you start with the application. The repayment calculator indicates that on a home loan of R1,200,00 at 9.75% interest over 20 years, you’ll pay:

Monthly instalment – R11,382.20
Total interest – R1,531,728.53
Total repayment – R2,731,728.53

Absa – Home loan

  • Loan Type Home loans
  • Repayment 30 years

Benefits of Absa

  • Low-interest rates
  • Quick loan applications
  • Flexible Repayments 

Absa offers a range of benefits with their home loans

They provide expert property financing to purchase your new home or top up your existing home loan to purchase or refinance your next home.

When you apply and your loan is approved for a home loan through Absa, you immediately get a world of benefits.

Their value-added services include

  • 100% of mortgage offers.
  • You can choose between variable or fixed interest rate options regarding your home loan.
  • They offer you flexible repayment terms ranging up to 30 years – with the option to change your term at no additional cost.
  • Flexi reserve allows you to pay extra on your installments whenever you can without incurring penalty fees.
  • Keep track of your home loan application online from beginning to end.
  • Stay updated on your profile.
  • Get homeowners insurance directly through Absa as a homeowner client.
  • ABSA clients receive free statements.

What you will need for an Absa home loan:

  • A monthly gross income of less than R20 000, can be a joint or individual income.
  • South African ID Document.
  • Offer to Purchase, should you be buying a home or property.
  • Salary statement – your latest statement for 3 months.
  • Most recent bank statements from your bank.
  • Consent to load a debit order to your banking account for your repayments.

They offer you this and so much more when it comes to their home loan offers. You have the option to pay an upfront deposit to minimize your installments. Should you wish to pay extra onto your installment each month or once-off, you can easily reduce your interest on your home loan amount.

Other features they offer

They offer ReAdvance, this is a further advance and multi-plan to get refinancing options on the portion of the home loan that you have already paid for. They provide online access to your account profile for you to have complete control of your home loan and see where you are with your repayments.

They offer Absa rewards to their valued clients. They provide life cover and protection on your home loan in South Africa in the case of death or disability. Absa offers value-added services through quality-driven service delivery, for every Absa Client.

Customer Reviews & Testimonials

March 2021

ABSA Bank will always ensure that you get good credit deals as a customer.

Heather V
— Potchefstroom —

April 2021

There has never been a time ABSA couldn’t assist me with a loan. Today, I am a proud homeowner because of ABSA bank.

Thabang K
— Sasolburg —

October 2021

I own a home and a car today, and that was made possible to me by Absa banks property and vehicle finance. Once you go Absa, you never go back.

Christian T
— Pretoria —

Absa Contact

Physical Address

  • 28 Marine Dr, Paarden Eiland Cape Town Western Cape 8000 South Africa
  • Get Directions

Opening Hours

  • Monday 08:30 – 15:30
  • Tuesday 08:30 – 15:30
  • Wednesday 08:30 – 15:30
  • Thursday 08:30 – 15:30
  • Friday 08:30 – 15:30
  • Saturday 08:00 – 11:00
  • Sunday – Closed