Absa MyHome Loan

Comparison Overview:

• Product Category: MyHome Loan
• Minimum Monthly Income: less 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

Turn your dream of owning a home into a reality. A great option if you earn a gross single or joint monthly household income of less than R20 001.

What you get

• Flexible repayment terms of up to 30 years.
• You can choose a variable or fixed interest rate.
• An optional Absa Home Loan Protector Policy that pays off your home loan in the event of your death.
• Up to a 100% home loan.
• Free home loan training.
• Pay a deposit and reduce your monthly repayments.

What you’ll need

• A gross monthly household income of less than R20 001 (single or joint).
• A South African identity document.
• Latest salary advice or, if self-employed, a letter from your bookkeeper confirming your income.
• An offer to purchase.
• Consent for Absa to retrieve three months' bank statements if you bank with FNB or Nedbank, otherwise simply provide three months' bank statements.
• 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.
• To complete Absa’s home loan training programme before your MyHome finance can be registered.

APPLY FOR A PERSONAL LOAN HERE