Tag Archive: first time home loan

ABSA First-time Home Loan

This uniquely structured facility assists first-time home buyers to fund the transfer and registration costs via their home loan.

Even though one home loan is granted, the account is set up in such a way that the cost portion is separate from the purchase price. By structuring costs over a shorter repayment period means you pay less interest, however, you can select any term as long as it doesn’t exceed the term of your primary loan.