FAQ

Yes, standard transfer and bond registration costs apply. This can be incorporated into the bond.

No, the results are indicative only. The interest rate used in the calculation is a guideline and your actual rate may differ based on your specific credit profile and financial criteria. Furthermore, while the tool estimates Bond Registration and Initiation Fees, it does not include Homeowners or Credit Life insurance premiums, which are standard requirements for the loan.

No, the results are indicative only and serve as a helpful guideline for your planning. A formal home loan offer is subject to a full credit assessment, a property valuation and SA Home Loans' standard terms and conditions. The actual interest rate and loan amount you receive will depend on your specific credit profile and financial criteria at the time of application.

 Yes, it is possible, however, it depends on your financial situation.

You can certainly acquire another property by borrowing against your house. This can be achieved by accessing the equity available in your home loan, where you use the value of your current home to secure funds for a new purchase. Alternatively, consider a refinance loan or switch loan, which allows you the opportunity to maximise your existing mortgage and potentially access additional funds. Leveraging the equity in your home can provide the financial boost needed to invest in another property and grow your property portfolio. To find out how much you could access for a new property, try our Home Loan Switch Calculator.

Yes, the calculator includes an option to "Capitalise fees". By selecting "Yes," the initiation and bond registration fees are added to the total home loan amount rather than being paid as an upfront lump sum. This will, however, slightly increase your total loan balance and your monthly instalment.

Definitely. Switching is simple, and we will walk you through every step, from your current bank to your new bond with us.

Yes. The calculator includes a "Cash Out" field where you can specify an amount of extra money you would like to receive. The tool then assesses this against your household income and the market value of your home to determine if you qualify to capitalise those funds into your new loan structure.

Yes, we allow clients to use their bond as an interest-bearing savings account. You can apply to withdraw funds that you have paid over and above your normal instalments (often referred to as a "Redraw"). Our clients are typically permitted to make up to six withdrawals per year, usually starting from a minimum amount of R10 000.

Yes, we can. We’re registered with the subsidy programme and can help you apply if you are a first-time buyer earning up to R22 000 per month.

Yes! If there is a price change, just let us know. We will reassess the loan value and update your documents accordingly

Yes, municipal and public sector workers can apply for housing access loans through SA Home Loans, provided they meet the criteria.

Yes, we assess each application based on the location, land rights and value of the property. Get in touch so we can guide you.

Using the online repayment calculator has absolutely zero impact on your credit score. If you transition from the calculator to a preliminary pre-approval check, it is typically treated as a "soft inquiry," which does not damage your credit rating. However, once you proceed to a formal, full application, SA Home Loans will conduct a "hard inquiry" via the credit bureaus, which may temporarily affect your credit score.

Pre-approval for a mortgage involves a lender reviewing your credit report to assess your financial situation. This is generally considered a soft inquiry, which does not impact your credit score. Unlike hard inquiries, which occur when you formally apply for credit and can slightly lower your score, soft inquiries are only visible to lenders  and do not affect your credit rating.
However, it's important to note that when you proceed with a full application, the lender will conduct a hard inquiry, which may impact your credit score. For more details on the impact of credit inquiries, visit Experian, XDS, or TransUnion.

No, the results are indicative only. While the tool estimates Initiation Fees and Interim Interest, it does not account for specific insurance premiums or external legal costs. A final offer is subject to a formal credit assessment, a property valuation, and the fulfilment of SA Home Loans' standard lending criteria.

The calculator computes your monthly instalment based on three core inputs: the intended loan amount (purchase price minus your deposit), the potential interest rate, and the loan term (usually defaulted to 20 years, though 30-year options can be selected). However, your real-world rate will be heavily influenced by your employment status (salaried vs. self-employed) and your credit history.

On each new client accepted loan, one of our FAIS accredited consultants will contact you and provide full details of our cover. If you decide not to proceed with cover at that time, you can call in throughout the duration of your home loan and speak to one of our FAIS accredited consultants.  

It is simple, just use our online calculators or speak to one of our expert consultants. We will assess your affordability based on your income, expenses and credit profile.

To clear your name from a credit bureau in South Africa, begin by obtaining your credit report from reputable bureaus like Experian, TransUnion, or XDS. Review your credit history carefully for any judgments, defaults, or errors that may have resulted in being blacklisted. Ensure you settle all outstanding debts and verify that your creditors update and correct their records.

If you were under administration, you will need a clearance certificate from your debt counsellor or administrator. This document confirms that all your debts have been settled and the debt review process is complete. Submit this certificate to the credit bureaus to update your credit record. Regularly monitor your credit report to ensure all corrections are accurately reflected.

You can apply for pre-approval on our website. Once you submit your documents (like payslips and proof of employment), we will verify everything and let you know if you are eligible.

A bond allows people to buy property without paying the full purchase price upfront. Instead, they apply for a home loan from a lender, who evaluates their creditworthiness, income, and the property’s value as part of the mortgage process. The monthly repayment amount includes both capital and interest, which the borrower agrees to pay back in monthly instalments, over the loan period – which is usually 20 to 30 years. Paying off the home loan sooner reduces interest costs. If the borrower fails to repay, the lender can take ownership of the property to recover the debt. This home loan process ultimately helps an individual to secure ownership for residential property.

Home loan interest rates differ from person to person, based on their risk profile. Lenders assess factors such as affordability and credit profiles to determine your rate. These rates can be fixed or variable over the loan term. The amount you borrow includes the cost of the property, or principal amount, plus interest . Initially most monthly payments  go towards paying off the interest, with less towards the principal balance. As the loan progresses, more of your monthly payments reduces the principal amount. Understanding mortgage interest types and your risk profile helps you secure the best rate and manage your payments effectively.

The calculator highlights how highly sensitive monthly repayments are to fluctuations. Putting down a larger deposit directly lowers the required loan amount, which reduces your monthly instalments and could also secure you a better interest rate. Conversely, even a minor increase in the interest rate can significantly raise the total interest you will pay over the 20 or 30-year loan term.

The calculator determines your affordability by combining two main factors: the maximum loan amount you qualify for and the cash deposit you have available. The loan amount is typically calculated based on a maximum of 30% of your provable gross household income, ensuring that your monthly repayments remain manageable within your budget.

The calculator provides a side-by-side comparison of your current and projected financial outlook. It highlights your Potential Savings across several categories, including the reduction in your Remaining Term (how many months sooner you will be debt-free) and the total Interest Saved over the duration of the loan.

Once we receive all the required paperwork, it typically takes 3-5 working days to get a final answer.

Determining your home loan affordability is a crucial step in the home-buying process. In South Africa, lenders typically ensure that home loan repayments don’t exceed 30% of your combined household income, with repayment terms averaging 20 years (240 months). If your income alone doesn’t qualify, you could consider applying jointly with your partner or someone else in your household to increase affordability. This shared financial responsibility can improve your chances of securing a loan. Saving for a larger deposit can also reduce monthly repayments. Use our home loan affordability calculator to estimate what you can afford to meet your home purchase requirements.

The larger the deposit, the better. Understanding the mortgage deposit requirements are important when buying a home. Even though some lenders offer 100% bonds, it’s wise to save for a deposit as a larger deposit means borrowing less which can result in a better interest rate and lower monthly instalments.  For a first-time buyer, a typical deposit for a house ranges between 10% and 20% of the property price, though any deposit is beneficial. Putting down a deposit demonstrates commitment  to the seller and improves your chances of a loan approval, as you are seen as a lower risk to the lender.

It depends on the home loan amount you are applying for. Our minimum income requirement is R8 000. As a general guide, your monthly home loan instalment should not exceed 30-35% of your gross monthly income.

To qualify for a home loan in South Africa, lenders will assess your credit and affordability to determine your risk, and the interest rate you will receive. A strong financial profile increases your chances of qualifying for a mortgage loan. Consider these simple tips for home loan qualification: aim for a favourable loan-to-value ratio by saving for a deposit, and ensure your income comfortably covers your existing debts. Check your credit record before applying and resolve any issues. It’s wise to know how much you can afford before starting your property search. When you’re ready, contact a reputable lender like SA Home Loans to ask for a pre-approval to begin your homeownership journey.

If you are building on land with approval from the chief or Induna we can assist you with finance on the presentation of required documentation. If you are buying in a new development, it will need to be built by a registered NHBRC builder.

Roughly around R1 300-R1 500, depending on the interest rate. Try the bond calculator on our site for a real-time breakdown.

 On our website, click “Apply Now”, and upload your details. Alternatively, call us and we will walk the journey with you.

Edge is ideal for first-time home buyers. You get reduced monthly instalments for the first 3 years, then revert to normal instalments. 

Maintaining a good credit score is essential for securing a home loan. To improve your credit score, start by establishing a reliable income and opening a manageable credit account, like a clothing account. Pay your instalments on time, as even a single missed payment can negatively impact your score. Prioritise paying off credit cards, which carry higher interest rates. Close any unused accounts to avoid dormant data affecting your credit profile. Avoid using credit to pay off debt, as this can signal financial strain. Regularly check your credit score to monitor progress. Following these credit score tips will help meet credit score requirements.

Your credit score is crucial for securing a home loan and is calculated based on various credit score factors. It reflects your borrowing and repayment history, influencing lenders' decisions on your application. A good credit score, often around 700 or higher, indicates responsible credit management and positively impacts your loan approval chances. Positive factors include payments made on time and managing debt repayments responsibly, whilst missed payments, defaults or judgements or high credit usage can hurt your score. To improve your credit score, start with manageable credit purchases and pay more than the minimum required. Regularly check your score for accuracy and resolve any errors.

Beyond the base monthly repayment, the calculator provides an estimated breakdown of essential legal and administrative costs. These include the Bond Registration Fees which is paid to the bond registration attorneys, the Transfer Costs/Transfer Duty which is paid to the transfer attorneys and SARS (if applicable, based on property value), and the Initiation Fee which is a once-off administrative fee for setting up the loan.

Transfer costs vary based on the property value and legal fees. You will also have bond registration and initiation fees, but our consultants will give you a full cost outline upfront.

To apply for a home loan in South Africa, several factors are considered, including affordability, credit behaviour , and more. For home loan eligibility, we require a minimum household income of R8,000 and finance home loans ranging from R100,000 up to R6,000,000 . Ensure you have necessary documents like proof of income and bank statements available. A healthy credit history also plays a significant role in securing a loan. Review the mortgage requirements and ensure you meet the mortgage application criteria to increase your chances of approval.

You will need a valid South African ID, proof of income, 3 months bank statements and supporting documents like a purchase agreement if you are buying a property. We will guide you through the full checklist when you apply.

To see your potential savings, you need to enter your Current Loan Balance, the Remaining Term (in months) and your current Interest Rate. You can then input an Additional Monthly Payment or a once-off Additional Lump Sum Payment to compare your "Current values" against your "Projected values."

To receive an estimate, you need to provide the Estimated Property Value, the amount of Cash Out you require, and your Gross Monthly Income. Additionally, you must specify the Repayment Term (typically 20 years), your Income Type (e.g., Salaried or Self-Employed) and the primary use of the property (such as a Primary Residence or Investment Property).

Our Edge Home Loan lets you pay only interest for the first 36 months. It is perfect if you are starting your career or need respite before jumping into full repayments.

A pre-approval (or pre-assessment) is an estimate of the loan amount you are likely to qualify for based on your financial profile, income, and credit score. It allows you to shop for a home with a clear budget in mind. A formal approval only happens after you have found a property and signed an "Offer to Purchase," at which point SA Home Loans performs a final credit check and a professional valuation of the specific property.

When buying a house, transfer fees and transfer duties are key property transfer costs. Transfer fees are paid to conveyancers by the buyer  for managing the name change on the title deed of the property. Sometimes, a buyer  can negotiate these home buying transfer fees, especially if the attorney also handles bond registration. In contrast, transfer duty is a government tax paid by the buyer. This tax, collected by a transferring attorney, must be paid to SARS before the property transfer is recognized. Understanding these costs when buying a house helps ensure a smooth transaction.

This calculator is specifically designed for homeowners who own a bond-free home (a property that is fully paid off) and wish to access the equity in that property. It helps you work out what your monthly instalments would be if you were to take out a new loan against the value of your unencumbered home to access cash for other purposes.

Making additional payments over and above your compulsory monthly instalments goes directly towards reducing your capital balance. Interest is calculated on the remaining balance and therefore reduces the capital quicker and has the dual effect of shortening your overall loan term and significantly lowering the total amount of interest you will pay over the life of the bond.