Home Loan Banks

Home loan banks abound in South Africa. In fact it's fair to say that every bank in the country is also in the business of providing home loans. It's worth shopping around given this amount of choice, because when you're dealing with such large loans, small savings can make a big difference in the long run. Most of the banks have similar home loan packages on offer, but because they're of course also aware of being in competition with each other, you can always find one or two that would be willing to negotiate on interest rate points.

This is one of the points to take on board when you are dealing with home loan banks. You do have the opportunity to negotiate on linking your home loan to prime lending rates or on getting a slightly lower interest rate than the bank is advertising, depending on your credit record and rating, your history of purchasing property and so on. If you are negotiating a home loan with your own bank - the one that you do all or most of your banking with - you have extra leverage there, because you are giving and potentially offering them more business than merely a home loan. If you have a long-standing relationship with your bank, then this will be something that will count in your favour as well. And of course if you have a particularly large bank account with them, this can never do any harm either.

The main home loan banks in South Africa are the larger banks like First National Bank, Standard Bank, Nedbank, ABSA Bank and the rest. Each one of these has a sizeable division dedicated exclusively to home loans, and will have vast amounts of experience in dealing with this area of financing. You don't need to do all the legwork with them however, as there are plenty of home loan brokers who will do the shopping around and negotiating with the banks. This will not only save you a lot of time and effort, but given that they most likely will have more experience than you will in dealing with home loan banks (unless you're a seasoned property speculator), they are more likely to know the tricks of securing more advantageous deals than you would have. So it's not a bad idea to take advantage of these intermediaries.

South African Home Loan Banks

Absa Home Loans

ABSA is a South African Banking giant. It is responsible for providing 1000`s of bonds each year.

Standard Bank Home Loans

Standard Bank Home Loans offers 2 flexible products for people looking to purchase a home for the first time.

Nedbank Home Loans

Nedbank home loans have a variety of products that offer a great amount of flexibility.

Bond Choice

Bond Choice prides itself on its high-level and trustworthy relationships with the major South African banks. They are one of South Africa`s premier mortgage originators.

FNB Home Loans

FNB is South Africa`s oldest bank and one which offers a good selection of home loans.

Old Mutual Home Loans

Old Mutual Bank offers a range of home loans that are ideally suited to the South African market.

SecuBond

SecuBond offers it mortgage origination services to clients free of charge and has contacts in all of South Africa`s major banks