Absa Home Loans

Absa Home Loans

Absa Home Loans : Do you want to build your dream home recently? Do you need financial and technical help to build your home? If the answers of the questions are “YES” then Absa can help you by giving almost all solution for building your dream home. Absa offers their clients a flexible feature, Absa home loan. Absa offers the best mortgage and home loan in South Africa. Their Home loan package provides many conveniences than the other banks package including Absa Home Loan, Traditional Home Loan, Building Loan, First Time Home Loan, Pension Backed House Loan, etc.
About MyHome Loan
You can fulfill your dream of building a home by taking an Absa home loan. If you earn up to R15498 per month then you can access your home loan. You can take maximum R 500 000 as your Home Loan.

 Benefits of MyHome loan:

• Repayment terms will be up to 30 years.

• You can fix your interest rate considering the duration.

• No need of Deposit if you qualify for a loan.

• Get 100% loan covers of the full price of your property.

• You will be given free training about Home Loan Management.

What you need to qualify:

• Should be a South African citizen with the proper identification card.
• Should submit your regular income list.
• You should earn minimum R15489 per month.
• Your employment age should be 12 months old.

Absa Traditional Home Loan

As an Absa account holder you can get up to 100% of your purchasing price from Absa Home Loan. Just fix your interest rates while applying for a home loan. You can bond greater property than the loan amount as a result you can apply to increase your loan amount anytime without any extra cost. You can also apply for the extra amount if your property value increases at least R 100 000.

• Should be an African Citizen with identification Card.
• Minimum monthly income should be R 7500 per month.
• The maximum loan period is 30 years as a result you have to pay it within this period.
• You can apply only for purchasing your residential properties not for anything others.

Absa Building Loan

Absa offers their clients Absa building loans while the clients building is under construction. Clients have to take this loan step by step corresponding construction working progress. The benefit of Absa Building Loan is that you will only have to pay after completing your house building. You can have your first payment after your building foundation has been laid. While the work progress will be in window height then you can take your second payment. The third payment can be taken while your building height raises at roof height. You can get your last payment while the work is fully completed.

One major precondition of Absa Building Loan is that your hired builder should have registered with the NHBRC.

Absa First Time Home Loan

If you want to buy a property you will get help from Absa. Absa will provide you first time home loan. You can take a good decision while buying your property with the help of Absa Home Management Expert.

Absa Pension Backed House Loan

You can build your home with your pension or provident fund. Absa gives you an opportunity to take a loan against your provident fund or pension.

For more information about Absa Home Loan you can either visit a nearest local bank or call at: 0860 111 007.