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Take your first step with our home buying guide
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Buy a home in seven steps

As the leading home loan provider in South Africa, we strongly believe in fulfilling our purpose of helping South Africans own a home. Let us help you get closer to your dream with our easy-to-follow guide.

1. Work out what you can afford

Use our bond calculators to get an idea of how much you can borrow, and what your monthly repayments will be over your agreed-upon terms.

It’s also worth seeing if you qualify for a government subsidy or one of our affordable housing options.

2. Decide how much you want to borrow

You can borrow up to 100% of the property’s purchase price. Registering a bond for a higher amount means you can borrow extra later, without registering a second bond.

If you are a first-time buyer, you can get up to 105% up to a maximum loan amount of R1.8 million or less (inclusive of purchase price and costs), and use the extra 5% towards transfer and bond registration costs.

3. Find your dream home

When viewing properties, check for signs of damp or structural damage, and anything else that you will have to spend more money on once you’ve moved in, such as kitchen or bathroom renovations.

You might also want to have a look at repossessed properties for sale through online auction as transfer duties don’t apply to these properties.

Have a look at Standard Bank houses for sale at MyRoof properties.

4. Do research on the home

You can make more informed decisions about buying a property when you know how old it is, what it last sold for, and how it compares to similar properties in the same or different areas.

With our free property guide to homes across South Africa, you can get relevant information and key insights on the estimated value of your dream home, so you can buy with confidence.

Explore our Home Services property guide.

5. Make an offer to purchase

Once you’ve found the home you want, you’ll need to put in an offer to buy it.

If your offer is accepted, you and the owner must sign your offer to purchase. You may submit a copy of the offer when applying for your home loan.

6. Apply for a home loan

You can apply for a home loan on your own, or as a trust or business, or make a joint application with your spouse or partner. 

We’ll be in touch to confirm your home loan and personalised interest rate and arrange a time for you to come in and sign your home loan contract.

7. Insure your home

When you accept a home loan, it’s important to apply for building insurance for the duration of your home loan. We offer four types of insurance:

Building insurance
Covers the building structure damage caused by fire, storms, theft or burst geysers.
Home contents insurance
Covers the contents from loss or damage caused by theft, fire or storms.
Car and home insurance
Comprehensive insurance that covers your building and vehicle.
Home loan protection plan
Takes care of your bond repayments or pays off your bond in the event that you are unable to do so.

Click here  for more information and a quote.

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Home buying tips for first-timers

Buying your first home is exciting, but it can also be a little scary. Make sure your joy is not overshadowed by concerns about debt with our home buying tips.

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We also offer
The Lowdown on counselling

We can help you sell your property, settle your bond get your credit record back on track with EasySell

PER Insurance Building Insurance Product Detail
Building insurance

Get cover for structural damage caused by fire, storms, theft or burst geysers.

PER Insurance Home Loan Protection Plan Product Detail
Home loan protection plan

If something happens and you can’t keep paying your bond, you can still protect your home and family with the right cover.

PER Insurance Household Contents Insurance Product Details
Home contents insurance

It takes years to furnish your home, and just seconds for your hard work to be undone. With the right cover, it won’t take as long the second-time round.