Home loan know-how

Private Property South Africa
Private Property Reporter

Find out how to apply for a home loan and how to give yourself the best chance of getting your home loan approved.


You will need these documents in order to get your home loan application processed.

If you’re employed:
• your latest payslip
• copy of your identity document
• if you’re married, a copy of marriage certificate or ante nuptial contract
• copy of sales agreement
• last 3 month’s bank statements
• If the loan is over R1,5 million, a statement of your personal assets and liabilities

If you’re self-employed:
• proof of income
• copy of your id
• if you’re married, a copy of your marriage certificate or ante nuptial contract
• copy of sales agreement
• last 6 month’s personal bank statements
• last 6 month’s bank statements for your business
• financial statements for the last 2 years
• copy of registration documents or trust deed
• statement of personal assets and liabilities


The home loan application process

Step 1 - Submit your application

Apply for a home loan through a bank or bond originator.

Step 2 - Assessment

Once your application has been assessed, you will receive an approval in principle, subject to valuation

Step 3 - Property valuation

Bank valuates the property to determine its true worth

Step 4 - Loan is approved

Once approved you receive a quotation showing approved home loan amount, interest rate and key terms and conditions.

Step 5 - Home loan registration

Once the quote has been accepted and signed by you, the bank will formally grant the loan and instruct the bond attorney to register the bond.

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