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Product Guide: ABSA Home Loans

Absa Home Loan

Comparison Overview:

  • Product Category: Home Loan
  • Minimum Monthly Income: more than R20,001.00
  • Interest Charged: competitive fixed or variable interest rate
  • Monthly Service Fee: -
  • Initiation Fee: -
  • Minimum Age: -
  • Maximum Age: -
  • Max Repayment Term: 30 years
  • Insurance Options: Home-owner's comprehensive insurance to cover the structure of your property. A life policy so that, should you pass away, your home loan will be settled and your family is protected.

Product Overview

Use an Absa Home Loan to finance residential property, including vacant land or a new home. The Absa long-standing experience as a home loan provider means we can offer you not only home finance, but also guidance to help you make the best choice.

What you get?

  • Flexible repayment terms of up to 30 years.
  • Fixed or variable interest rate options.
  • Immediate access to any extra payments you’ve made into your bond with Flexi Reserve.
  • The option to increase your existing loan up to the current market value of your property, with Further Advance.
  • The option to increase your loan back to its original loan amount with ReAdvance.
  • Free eStatements.
  • Free Absa will on acceptance of the quote (offer valid until 31 December 2015).
  • If you take up an Absa Gold or Platinum Value Bundle, a discount on your monthly service fee.
  • Electronic access to your home loan with Absa Online and Telephone Banking if you have an Absa transactional account.
  • The ability to track your application online, from submission to registration.


What you will need

  • A single or joint gross monthly household income of R18 601 or more.
  • A South African identity document, or a passport if you are not a South African resident.
  • Your latest salary advice or, if self-employed, a letter of income from your bookkeeper.
  • An offer to purchase.
  • Provide consent for Absa to obtain three months’ bank statements if you bank with FNB or Nedbank, otherwise simply provide three months’ bank statements.


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Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.

Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.