Bond Repayments Calculator
What interest rate will I receive from the bank?
The interest rate showcased here reflects the current national prime interest rate, as established by the South African Reserve Bank. Please note that the actual interest rate proposed by your bank during your loan application process may differ. It is important to shop around for the best home loan rate as a reduction of 0.5% on a home loan of R1 million could result in nearly R80,000 in savings over a span of 20 years.
The interest rate showcased here reflects the current national prime interest rate, as established by the South African Reserve Bank. Please note that the actual interest rate proposed by your bank during your loan application process may differ. It is important to shop around for the best home loan rate as a reduction of 0.5% on a home loan of R1 million could result in nearly R80,000 in savings over a span of 20 years.
Do I need a deposit?
Prospective home buyers who don't have the necessary funds for a deposit can consider a viable alternative: the 100% home loan, essentially a mortgage that doesn't necessitate an upfront deposit. Banks in South Africa are increasingly approving these no-deposit home loans in an effort to stimulate the property market. To qualify for a no-deposit home loan, you need to meet the following criteria:
Prospective home buyers who don't have the necessary funds for a deposit can consider a viable alternative: the 100% home loan, essentially a mortgage that doesn't necessitate an upfront deposit. Banks in South Africa are increasingly approving these no-deposit home loans in an effort to stimulate the property market. To qualify for a no-deposit home loan, you need to meet the following criteria:
- Exceptional Credit Score: You must maintain a spotless credit history and an excellent credit rating. Financial institutions are stringent about this criterion as it mitigates potential legal issues related to irresponsible lending practices.
- Impeccable Repayment History: Your past records should demonstrate timely repayments of loans and debts, proving to the bank your responsibility as a borrower.
- Stable and Sufficient Income: Possessing a stable job with a reliable income that can comfortably cover your loan repayments and monthly expenses is a prerequisite.
- Property Type and Location: Loans are more likely to be approved for 'typical' properties situated in standard areas, ensuring that the property retains its market value. Essentially, opt for a standard house, townhouse, or apartment in main city areas. Avoid properties in remote locations or of unconventional types.
Latest home loan news view all home loan news
Thinking of selling your home privately? What South African sellers should know
25 Nov 2025
With the rising cost of living and tighter bank lending conditions, many homeowners are looking for ways to cut costs when selling, including the idea of avoiding estate agent commission by selling privately. While this may seem like a way to keep more money in your pocket, the risks in today’s market are far higher than most people realise. A private sale can quickly become expensive, stressful, and legally risky if you’re not fully prepared.
read more
What you need to know about buying a retirement property in South Africa
12 Nov 2025
When the time comes to settle into your golden years, choosing the right retirement property matters just as much as the decades of living before it. Whether you’re helping ageing parents, planning ahead for yourself, or looking for an investment option with lifestyle benefits, retirement-living choices in South Africa offer both promise and pitfalls.
read more
South Africans remain confident in property despite the economic challenges
07 Nov 2025
South Africans continue to see property as one of the most stable and rewarding investments, even amid economic uncertainty. The Absa Homeowner Sentiment Index (HSI) for Q3 2025 shows that overall confidence in the property market remains high at 85%, only slightly down from 86% in the previous quarter.
read more
The property market finds its footing again - here's what's driving the recovery
22 Oct 2025
The latest FNB Estate Agents Survey for Q3 2025 paints a cautiously optimistic picture of South Africa’s residential property market. After months of uncertainty, market activity, agent confidence, and buyer sentiment have all improved, particularly in the affordable housing segment, which continues to drive growth nationwide.
read more