Home Loans

Get a New Home Loan

Buying a home is exciting! To make the best decisions, it's important to understand the process and what to expect. These are the steps that you will follow to apply for a Capitec home loan.

1. Calculate

Use our Affordability Calculator to get a detailed breakdown of what we may be able to offer you.

2. Choose an application option

Apply online and we will contact you once we get started with your application. Alternatively, call our Sales Contact Centre on 0861 200 300 to discuss your home loan solution needs.

3. Send us your documentation

Send us the required documentation. This is important as we must have all your up-to-date information in order to process your application.

4. Credit approval

Our credit team will now use the supplied documentation, as well as information obtained from a credit bureau regarding your current credit status, to complete the credit assessment. If this is all in order, you will receive notification of approval of your bond application. This approval is subject to the completion of the valuation. If there is a problem, you will be contacted by a consultant to discuss a possible solution.

5. Property valuation

An expert appraiser will arrange an appointment to value the property.

6. Evaluate & sign a Letter Of Acceptance (LOA)

Once the valuation has been completed and all is in order, your application will be approved. A Letter of Acceptance is sent to you, which details the costs, annual interest rate, indicative instalment and other important information for you to evaluate. Your acceptance of this offer is done by you signing and returning the letter to your consultant.

7. Conveyancing

Upon receipt of the LOA, an attorney from our panel is selected to attend to the registration of the bond. They will draft the bond registration documents and will make an appointment for you to sign. Bear in mind that the attorney attending to the transfer of ownership may be different to the bond registration attorneys as the seller has the right to appoint the transfer attorneys. The two firms of attorneys will however liaise so that the transfer of ownership and bond registration occurs simultaneously.

8. Lodgement

Lodging your bond registration is the next step. The attorney will do this and it happens immediately after you sign your documentation at the attorney.

9. Await registration

Registration of your bond at the Deeds Office will take approximately 12 weeks.

Switch your Home Loan

Switching your existing home loan to Capitec could provide you with many benefits - allowing you to get the most out of your investment.

1. Calculate

Use our Switch Calculator to get a detailed breakdown of what we may be able to offer you.

2. Choose an application option

Apply online and we will contact you once we get started with your application. Alternatively, call our Sales Contact Centre on 0861 200 300 to discuss your home loan solution needs.

3. Send us your documentation

Send us the required documentation. This is important as we must have all your up-to-date information in order to process your application.

4. Property valuation

An expert appraiser will arrange an appointment to value the property.

5. Evaluate & sign a Letter Of Acceptance (LOA)

Subject to the credit approval, we prepare a home loan proposal called a letter of acceptance (LOA). This document details the costs, annual interest rate, indicative instalment and other important information for you to evaluate and sign.

6. Quick Cash Payment

Remember, you have the option to apply for rapid bridging finance if there is equity in your home. If you choose this option, you may qualify for up to R75 000 Cash Up Front payment within 72 hours, the balance of up to R150 000 will be paid out once you have signed your legal documentation.

7. Conveyancing

Our national panel of attorneys will prepare all the necessary bond registration documents. They will contact you and make an appointment to sign them.

8. Lodgement

Lodging your bond registration is the next step. The attorney will do this and it happens immediately after you sign your documentation at the attorney.

9. Await registration

Registration of your bond at the Deeds Office will take approximately 12 weeks.

Refinance your Home

Refinancing your home could lower your monthly loan instalments and give you access to the equity (the difference between what you owe on your home, and the value of your home) that may have accumulated in your home's value, at a competitive annual interest rate.

1. Calculate

Use our Refinance Calculator to get a detailed breakdown of what we may be able to offer you.

2. Choose an application option

Apply online and we will contact you once we get started with your application. Alternatively, call our Sales Contact Centre on 0861 200 300 to discuss your home loan solution needs.

3. Send us your documentation

Send us the required documentation. This is important as we must have all your up-to-date information in order to process your application.

4. Property valuation

An expert appraiser will arrange an appointment to value the property.

5. Evaluate & sign a Letter Of Acceptance (LOA)

Subject to the credit approval, we prepare a home loan proposal called a letter of acceptance (LOA). This document details the costs, annual interest rate, indicative instalment and other important information for you to evaluate and sign.

6. Quick Cash Payment

Remember, you have the option to apply for rapid bridging finance if there is equity in your home. If you choose this option, you may qualify for up to R75 000 Cash Up Front payment within 72 hours, the balance of up to R150 000 will be paid out once you have signed your legal documentation.

7. Conveyancing

Our national panel of attorneys will prepare all the necessary bond registration documents. They will contact you and make an appointment to sign them.

8. Lodgement

Lodging your bond registration is the next step. The attorney will do this and it happens immediately after you sign your documentation at the attorney.

9. Await registration

Registration of your bond at the Deeds Office will take approximately 12 weeks.

Insurance Products by SA Home Loans

Protect your most valuable asset by ensuring you have bond protection and home insurance. We offer specialised and competitive insurance products through SA Home Loans that can be conveniently included into your home loan.

Bond Protection

Get peace of mind with our simple, affordable life insurance that ensures you won't lose your home if you can't pay off your home loan due to your death, disability or retrenchment.

What a Bond Protection Plan covers:
  • The plan will settle your bond entirely in the event of death or permanent occupational disability
  • The plan will pay your monthly bond instalments for up to 24 months in the event of temporary occupational disability
  • The plan covers your bond instalments for up to 12 months in the event of retrenchment (note this is available only where life cover is a condition of the loan)
  • No medical assessment is required
  • Easily and conveniently managed from your home loan account

Call 0861 888 777 and talk to a consultant who’ll explain the product you

Home Owner’s Cover

Home Owner's Insurance Cover through SA Home Loans will cover you against loss or damage to your property.

  • It's managed off your home loan account
  • Convenient and affordable
  • Easy and paperless process

Call 0861 888 777 and talk to a consultant who’ll explain the product to you.

Terms and conditions apply to all products. The availability of lending products is subject to our credit policy as amended from time to time.

ready to own your dream home?

We can help you unlock the door

Apply Now

ready to own your dream home?

We can help you unlock the door

Apply Now

ready to switch and get the most from your home loan?

Let us help you make the move hassle-free

Apply Now

ready to refinance and get the most from your home loan?

Make your home loan work for you

Apply Now

Home and Credit Insurance by SA Home Loans

Your home loan will only be paid out if you have an active home or life insurance policy. If you don’t, you can get the right cover for less. Allow SA Home Loans to protect your investment with a range of innovative and convenient products.

See an overview of the insurance products by SA Home Loans.

What is Interim Interest?

After your bond is approved, Capitec applies for cancellation figures from your current lender. These figures are estimated by adding the outstanding loan amount + 3 months' interest. We call this interim interest.

This interim provision is required in order to safeguard against a shortfall in the amount outstanding on registration. On registration, we pay the full cancellation fees to your lender who then refunds you with the interim interest in full, provided your account has been conducted normally.

What are these fees?

It’s important to understand the full cost implications of purchasing property. The estimated costs of buying a home include a number of once-off fees, many of which are legal or administrative costs, for which you need to be financially prepared.

Taxes and fees you can expect to pay when buying a property include:
Transfer duty

This is the government tax levied for transferring a property from a seller’s name to a buyer’s name. This fee is paid directly to a transferring attorney, who is then responsible for paying it across to the South African Revenue Services, on the buyer’s behalf, before the transfer of the property goes through. No property transfer will be recognised until this fee is paid to the state.

The transfer duty amount you’ll be expected to pay depends on the purchase price of the property. There’s no transfer duty paid on properties of R1 million or less, for example; different tax thresholds then apply to the transfer of properties of more than R1 million, calculated according to the price range of the property.

Conveyancing costs

Conveyancing attorneys are paid a fee for registering and transferring a title deed into a buyer’s name. This fee amount is determined on a sliding scale, based on the value of the property.

Bond registration

You can expect to pay a once-off fee to the Deeds Office for the legal registration of your home loan. This fee is a fixed amount based on the amount of your home loan and is paid to the Deeds Office before the registration of your bond. Your bond will have to be registered at the same time as the seller’s bond is cancelled and the transferred is registered with the Deeds Office.

Postage and sundries

The registering (bond) attorney will charge you a small fee for the postage of all necessary documents (i.e. to you, the Deeds Office, estate agent etc.) to register the property in your name.

Home loan initiation fees

There are some administrative setup fees involved in processing your home loan application. This amount is paid on registration of your bond and is often added to your outstanding home loan balance.

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