SA Home loans Review 2022

Published by
Lethabo Ntsoane

SA Home loans is a South African non-bank home loans provider. The company was founded in 1999 to create a more diverse financial infrastructure in South Africa. 


SA Home Loans is one of the few companies to allow home buyers to repay their home loans within 30 years. By allowing a 30 years repayment period, SA Home loans have enabled many South Africans to afford to buy homes through the company’ affordable home loans. This is mainly because of their low monthly instalments, as compared to the 20 years standard period in the property industry. 


About SA Home loans

Starting as a modest startup in 1999, SA home loans managed to grow big enough to be later recognized as one of the top 5 mortgage providers in South Africa. The company is currently the number 1 non-bank mortgage provider in South Africa. Much of SA Home loans success came from the company’s fixed focus on mortgage lending and nothing else, thus, becoming specialists in what they do. 

The company has since launched other lending products connected with mortgage lending and insurance. This was done to further diversify its business portfolio. The company now has 190 000 clients and as of 2013, the company had already issued mortgages worth R95 Billion. Proof that the company’s business model works to a greater extent.

Products and Services from SA Home loans

SA Home loans offer a number of products and services, the company’s most notable products are the ‘variable home loan’, ‘30 year home loan’ and the ‘edge home loan’. Individuals who work for the government have a special home loan which is issued under the umbrella of the Government Employees Housing Scheme (GEHS) for which SA Home loans is the home finance partner. 

In this section, we will have an overview of four categories on the SA Home loan’s products and services. Categories include home loan products, access products, protection products and special home loan offers. 

S.A Home loans products

The company has three mortgage offers under its‘ home loan products’ category. The offer you choose will depend on the type of house you want for you and your family, your budget and the interest rate you are willing to pay. With the variable home loan option, you receive a tailor-made home loan that has a flexible term of up to 20 years. During these 20 years, your interest rate will vary depending on your risk profile at different time intervals.

The variable home loan option also allows you to switch from another bank or lender to SA Home loan. Those who switch to SA Home loans get up to R75,000.00 in cash. The second option is the ’30 year home loan’ which grants home loans for a period of 30 years. The interest rate on this option is variable and is tailored according to client credit risk.

It is important to know that the 30 year home loan is available to clients purchasing a new home and who are less than 45 years old at the time of application. The last option is the  ‘Edge Home Loan’ which allows borrowers to only pay interest on a mortgage loan for the first 3 years of the loan. This allows borrowers to buy time to purchase the exact house they want without paying rent for the first 36 months.

Note that the first 36 months of interest payments are not calculated at amortization, instead, the loan repayment period will commence after 36 months of paying interest. The edge home loan is like no other mortgage lending option and works better for those who want to buy a home now knowing that their income will grow to match their repayments. 

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 R121 626.00 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. 


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. This is a demographic that was not much catered for in the past yet the company managed to seriously consider them in their line of business.

SA Home loans Review 2022
Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at

Published by
Lethabo Ntsoane