Frequently Asked Questions

We will try to answer your most burning questions about home loans and the process of applying for property finance on this page which will be updated regularly.

Criteria and Requirements

• Will I Qualify For A Home Loan?

• Can I apply for a home loan while I am under Debt Review?

• Do Lenders Consider Rental Income As An Additional Income Source?

• I am currently with XYZ Bank. Can SA Homeloans offer me a better rate?

• If I was placed under Administration, but the total amount is paid up and I am rehabilitated, can I apply for a Home Loan?

• How do I switch to SA Homeloans?

• If I am not a South-African citizen, but have a valid working permit, will I qualify for a home loan?

• If I am listed on ITC, will you be able to assist me?

• If I am a South African citizen, but am currently living and working abroad, will you be able to help me with a home loan?

Documents and Processes

• What Documents Are Required For A Home Loan?

• What is an Offer To Purchase?

• Where Can I Send My Documentation For A Home Loan?

• How long does it take for a loan to be approved?

Calculations

• What is the repayment amount on a home of about Rxxx?

• I need to apply for a home loan of Rxxx xxx,xx. How much do I have to earn and what will the repayments be?

• I will be receiving a significant increase within the next few months. If I have a letter to confirm my increase, will it be able to base my home loan amount on my increased salary?

Buying Property

• Do you have a list of bank repossessed properties?

• What does HOC Premium stand for on my statement?

Account Enquiries

• Please email me a statement of my bond account.

Additional Offers & Services

• Do you offer bond insurance for my new bond or should this be dealt with separately? 

• Would you be able to assist me with switching my bond to another bank?

• I have a loan with a bank and would like to increase my loan and move over to your company. Is it possible?

• Do you have an Offer to Purchase template that I could use?

• Will you be able to assist me with an agricultural / farm loan?