Home Loans

Buying a house is often a pricey but valuable investment. It’s also something most adults aspire to, but may not be able to afford out of pocket. This is why many South Africans rely on trusted home loan products to financially assist them to own their dream home.

By filling out the form below, you will notify a qualified financial adviser of your interest in a home loan and they will get in touch with you to discuss this further.


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Understanding home loans

When it comes to home loan types there are predominantly three options. These include:

Variable Interest home loan

This type signifies a home loan where the interest rate is not fixed. This is often offered across the lifespan of the loan and can also include the facility of an adjustable interest rate. This means that the consumer has the option to interchange between a variable and fixed interest rate.

A variable rate also means that the payments may go up and down as external economic factors are impacted. Another noteworthy benefit is that the initial interest rates are lower than that of the fixed option.

Fixed-rate home loan

In contrast to the variable interest rate, is the fixed-rate option. Here the interest rate decided upon at the inception of the loan is maintained throughout the lifespan of the loan.

This means that even if the repo rate drops or the economy plummets the interest rate is not affected. It also means you can budget long-term as the monthly payments will remain the same.

Capped home loan
Like the variable interest rate the capped rate can fluctuate, but this may not surpass a stated interest cap. This means that your payments can’t exceed a certain cap or amount.

How much can you expect to pay?

The best way to find out what your monthly instalments with each of the above methods might be is to make use of our home loan calculator. You can access it by clicking here.

Before you get started

The interest rate you are charged on your home loan’s instalments largely impact your ability to afford the loan. If you are offered a high interest rate you will likely have to make expensive monthly payments, and vice versa.

To prevent you from paying exorbitant interest rates, ensure that your credit report is in good standing. This is done by – among other things – ensuring that you meet your payments on time, and not over committing yourself financially. To further understand your credit score, click here.

You can also receive a free credit report by clicking here.

In addition to this lenders will consider your affordability, meaning the sum of your income and expenses, and how those measure up. It is always best to manage your credit score and to be realistic about your finances before making an inquiry into a home loan.

Should you be denied it may both negatively affect your credit score, and also affect your chances of being approved for a home loan in the near future.


The guide below helps explain home loans. If you still have questions after reading the guide, ask our home loans expert or you can also visit our FAQ page.


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