Home to non-residents + foreign nationals
Foreign Choice is a product for non-residents and foreign nationals who want to purchase residential property in South Africa or for South Africans who are working and living in another country, looking to buy a property in South Africa.
How it works
Finance for properties in South Africa
What the Non-resident Home Loan offers
Home finance for non-residential individuals and joint applicants
Finance for non-residents of South Africa, Lesotho, Swaziland or Namibia, who are not living in the common monetary area
Finance for foreign nationals who are living in South Africa on a temporary basis and have a working permit to work in SA
What this allows you to do
Purchase property in South Africa
Access your Home Loan account at ATMs, through Telephone Banking, Cellphone Banking and Online Banking
Rules regarding accessing funds
What it costs
Needs, wants + expenses
When buying or selling property, costs pertaining to registration and transfers need to be considered. Select the applicable link below to have a better understanding of our cost structure and costs involved in finalising the process.
Applying made easy
Individual: min. income of R25 000 per month
Joint application: at least one of the individuals must earn a min. of R25 000 per month
View full qualifying criteria
You need to comply with the traditional home loan application documentation.
A completed application form.
An indication of the purpose for purchase (e.g. rental or holiday home).
Copy of passport.
Private entities must supply a current statement of assets and liabilities, as well as a banker's report from the customer's bank in their country of origin.
A valid temporary residence permit to take up employment in South Africa.
The details of when and how the 50% deposit originating from foreign funds will be made.
An undertaking to pay the R1 140 exchange control application fee.
First National Bank - a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider 1929/001225/06 (NCRCP20).