• You’ll first be required to create a profile and then you’ll continue to complete your application form online. • Once you’ve signed an Offer to Purchase and have electronic copies of your ID, latest payslip and 3 months bank statements, then you’re ready to complete the online home loan application. • As your application is submitted in real time to the top banks, you will start to receive offers from the banks within 72 hours. We will provide you with regular feedback from the banks. • Once offers start coming in, you’ll be able to compare them on your dashboard and once you’ve selected the best offer for you, the bank will be notified and will be in contact with you to finalise your home loan.

If you have all your documents on hand, the application process could take less than 30 minutes to complete. • You can save your application form at any point in the process and complete it at your convenience. • Once you’ve submitted your application, compared and selected an offer from the banks, they will be in touch to finalise the home loan process. • This process could take up to two months to complete.

Find out how much you qualify for by using our bond calculator. It considers factors like your repayment term to estimate your potential home loan amount.

Your affordability is based on your income and level of debt against your income. The debt service ratio ideally shouldn’t be more than 30% of your gross monthly income, whether single or joint. Banks are guided by the rules set out by the NCA (National Credit Act of South Africa), which helps to protect South Africans from getting into too much debt.

• Banks consider your relationship history with past and current creditors. Your ability to make consistent repayments to your creditors is a critical factor in the credit assessment process. • The second factor banks will take into consideration is your affordability, i.e. your monthly income minus your fixed expenses. This gives you a surplus that makes up a budget for what you can afford to spend on a house. • They also take into consideration the deposit amount you have available, which gives them a level of your equity commitment in the property.

When applying for a home loan, budget for once-off costs like transfer costs, transfer duties, initiation fees, and bond registration fees. These are separate from your monthly repayments. Use our transfer cost calculator to get a clearer picture.

• The transfer cost is the cost to have the property transferred into your name at the Deeds Office. This cost consists of a once-off fee that you will pay to the government in terms of the transfer duty (any property below the cost of R900k is exempt from transfer duty). • The other cost is the fee to register your property, the conveyancing attorney will charge this fee. This money will be used by the attorney to register you as the owner of the property at the Deeds Office.

Transfer duties are a government tax calculated based on the property's purchase price. Use our transfer cost calculator to estimate how much you'll need to pay.

The registration cost is a fee that the registering attorney charges in order to register the property in your name at the Deeds Office.

• Besides the upfront costs such as the transfer duty, bond registration and bank initiation fees, you will need to consider maintenance costs, such as the rates and taxes, levies (sectional title property) and the cost of insurance such as homeowner's cover. • The banks require you to have insurance cover on the property, as this is highly beneficial to managing the risk of damage to the asset.

Absolutely! Paying more than the minimum required on your home loan can save you money in the long run. Use our extra payment calculator to see how much you could save by paying off your loan faster.

• Interest rate: The lower the interest rate, the lower your repayment. • LTV (loan to value): The higher the LTV, the less deposit will be required, if any. • Loan term: The number of years required to pay back the home loan. Example: If your loan term is over a shorter duration, then less interest is payable, but higher monthly instalments will be required. If a longer repayment period is selected, the more interest is payable, but your home loan instalments will be lower.

• Basic installment that includes capital and interest. • Homeowner’s insurance premium. • Life assurance premium (if selected). • Admin fee.

You might not qualify for 100% Mortgage Finance due to factors like your affordability, credit history, or the value of the property you want to buy. Ensuring a good credit score and understanding your financial limits can help.

We recommend that you start to save for a deposit the day you decide that you want to buy a house. The bigger the deposit you manage to save, the smaller the home loan amount you will require. By saving up for a deposit, it will improve your chances of being approved for a home loan, as well as reduce your monthly repayments.