100 Percent Home Loans – how to secure one

Mortgage News: 100% home loans and 110% home loans

Is it still possible to secure a 100 percent home loan in South Africa, and what do you need to secure a full 100% bond?

A safe place

The quick return of 100% mortgages has surprised many property finance experts. Although the return has been quick, it has also been very cautious. Banks such as ABSA and FNB are oth offering no deposit homeloans again. The only difference is the terms and conditions regarding these bonds.


ABSA Home Loans are offering 100% bonds with a very unique structure. The bank is willing to finance a major portion of your property finance and then use a Pension Supported House Loan (PSHL) to secure the rest for bond. PSHLs are loans offered to members of a pension or provident fund for the purpose of buying or building a house. read more here


FNB on the other hand, are offering full 100% bonds on any purchase of their Repossessed Properties. They banks are obviously trying to off load these properties, that are a becoming a serious financial burden, and are now willing to make the purchasing process much easier for potential buyers.

Extra Note:
There is a growing trend, among buyers who don’t fulfill above criteria, to secure their deposits using a credit card or personal loan. This is particularly true for clients who have low debt levels.

If you’d like more information about 100% Home Loans complete your contact details on this Short Form.

5 comments on “100 Percent Home Loans – how to secure one”

  1. What if you and your spouse joint salary is over R15000 and u still dont have a deposit??? Why are they so strict in first time buyers its crazy!!!!

  2. Nomthandazo Mncube

    Yes it surely is too good to be true…and you wont get that 100%home loan just like me,my children are starving whilst Im raising the deposit and registration fees…so it is better to save your own money.

  3. I want to disagree with your story since I recently applied to absa and they said sorry, you have to bring a deposit. this is so despite my good financial standing and worse off my wife works for them.

    Please prove me wrong. By making a success of my application at 100% and at my wife’s staff rate.

  4. Not happy – The banks are now saying they give 100% which is nonsense with one bank wanting to give us as low as a 85% bond. I don’t know how my husband and I are suppose to buy a house like this.

    1. While the banks are currently willing to offer 100% bonds, the key to qualifying for the full bond amount is whether you are able to afford the full monthly bond repayment. You may want to purchase a property for R1million, but are only be able to pay about R8500 per month – in this case the bank will only offer you an R850k bond (which is an 85% bond).

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