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SA Home loans Review 2023

S.A Home loans

SA Home Loans offers home loans with repayment terms of up to 30 years. Home loans from SA home loans provide up to 100% financing for the purchase of a home with no deposit. Bond attorney fees can be cut by 50% when buying a home with SA Home loans finance.

SA Home Loans also provides building loans up to R300,000.00. Building loans have repayment period of up to 7 years. When paying by salary stop order, government employees get a lower interest rate on building loans.

SA Home Loans offers a variety of home loans to individuals; however, before we go through the company’s product offerings, we discuss the company’s history below.

About SA Home loans

SA home loans began as a small startup in 1999 and has since grown to become one of South Africa’s top 5 mortgage providers. The company is currently South Africa’s leading non-bank mortgage provider. Much of SA Home Loans’ success stems from the company’s singular focus on mortgage lending and nothing else, allowing them to become experts in their field.

Since then, the company has launched additional lending products related to mortgage lending and insurance. This was done to broaden the company’s business portfolio. The company now has 190 000 clients and had already issued mortgages worth R95 billion as of 2013. Proof that the company’s business model is more effective.

SA Home loans Offerings

SA Home Loans provides a variety of products and services, the most notable of which are the ‘standard home loan,’ ’30 year home loan,’ and ‘edge home loan’. Individuals who work for the government are eligible for a special home loan through the Government Employees Housing Scheme (GEHS), for which SA Home Loans is the home finance partner.

This section will provide an overview of 4 products offered by SA Home Loan. Home loan products, access products, protection products, and special home loan offers are among the products.

S.A Home loans products

Under the ‘home loan products’ category, the company has 3 mortgage offers. The variable home loan option provides you with a custom-made home loan with a flexible term of up to 20 years. During these 20 years, your interest rate will fluctuate based on your risk profile at various time intervals.

You can also switch from another bank or lender to SA Home Loan using the variable home loan option. Switching to SA Home Loans earns you up to R75,000.00 in cash. The second option is the ’30 year home loan,’ which provides home loans for 30 years. The interest rate on this option is variable and is determined by the client’s credit risk.

It is critical to understand that the 30 year home loan is only available to clients who are less than 45 years old at the time of application and are purchasing a new home. The final option is the ‘Edge Home Loan,’ which allows borrowers to pay only interest on a mortgage loan for the first three years. Borrowers can use this to buy time to buy the exact house they want without paying rent for the first 36 months.

It is important to note that the first 36 months of interest payments are not calculated during amortization; instead, the loan repayment period begins after 36 months of paying interest. The edge home loan is unlike any other mortgage lending option and is ideal for those who want to buy a home now while knowing that their income will grow to match their repayments in the future.

Special home loan offers

The Special home loan offer is a thoughtful line of offer from SA Home loans that makes owning homes possible to South Africans. With this offer, those that normally do not qualify for home loan products can to a certain degree qualify for a home loan. This category covers those that earn low wages, who cannot afford to put up a deposit and government employees. 

The first option from the special home loan offer category is the ‘Affordable housing Package’ which provides mortgage solutions to those that earn a minimum combined income of R8000.00 per month. This package can finance up to 100% of the purchase price. The package comes with a 50% discount on bond attorney fees and has a flexible term of up to 20 years. 

SA Home loans urge those that qualify for an Affordable housing package option to apply for the Finance Linked Individual Subsidy Program (FLISP). FLISP is a government subsidy that is designed to make first-time homeownership more affordable. Successful applicants can get a subsidy amount of up to R130,505.00 paid directly to their loan account. 

Government employees can get home loans from SA Home loans through the Government’s Employees Housing Scheme (GEHS). The loan term is 20 years and comes with a discounted interest rate when repaying by salary stop order. Switching to SA Home loans is allowed, and it permits existing homeowners to switch to the company at no additional cost. 

Protection Products

Homeowners insurance from SA Home loans covers against loss or damage of your property. The insurance is managed off your loan account meaning there won’t be multiple accounts active. 

Access Products 

The access products category is a personal lending category which has personal loans of up to R100,000.00. You can also get a transfer assist loan for transferring your new home into your name. Transfer assist loan is limited to R100,000.00. 

Advantages of SA Home Loans

  • There are a number of home loans to choose from. 
  • Home loans can be repaid for up to 30 years. 
  • Government workers discounted interest rates. 
  • Building loans are available. 
  • There are loans of up to 100%.
  • Discount on attorney fees of up to 50%.

Disadvantages of SA Home Loans 

  • There is no rewards program. 


SA Home loans have set a benchmark in the mortgage business by providing easy to access and affordable home loans. The company didn’t just take its time to understand the mortgage lending market but also took its time to understand South African mortgage lenders. With a partnership with GEHS, the company has unlocked homeownership opportunities to low-income earners in South Africa.



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