Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Please select


For My Business

< R10m annual turnover

For My Business

> R10m annual turnover

Your access details have been entered incorrectly


Please note on your third failed attempt your profile will be blocked.

Username

Password

Have you forgotten your Username or Password?



Find a branch


Home Owners Comprehensive Cover


You are going to need Home Owner's Cover (HOC). Residential properties are prone to damage from fires, flooding, burst geysers, plumbing and natural disasters. HOC is therefore absolutely essential, as it covers these damages and losses to property.

In terms of our home loan agreement with you, HOC is a requirement. The property remains security of the bank, it is therefore a requirement that you take out adequate cover for the duration of the loan. A suitable HOC insurance is conditional and subject to the bank's approval, irrespective of the underwriting insurer, prior to registration of your bond; and has to be maintained for the duration of the loan agreement. Any insurer may be used as long as the bank's requirements are met within the terms of the policy.

Please note that, should you use an insurer other than the one recommended by the bank, you will be required to provide us with an updated policy following the renewal month of the policy on an annual basis.

Read more about FNB's Home Insurance

To calculate an estimated property replacement amount, visit OUTsurance and check out their building calculator for amounts on property replacement.

Life Assurance


Life is full of uncertainties, and no one plans to die and leave their loved ones with a financial burden. In the absence of knowing what the future may hold, you can prevent that your loved ones face additional financial troubles when dealing with your death, as this in itself will be distressing. You may be required to supply Life Cover prior to the registration.

You have the choice of either accepting FNB Life's competitive Life Assurance quote called Mortgage Protection Plan which will cover the outstanding balance of the loan, or you could insure the value of the home loan with an acceptable underwriter, subject to the policy having sufficient cover to pay off the outstanding balance, or registered bond amount, at the time of cession. Please note that FNB can reject any proposed credit insurance if it is not suitable.

Our conditions stipulate that the policy must

  • Be ceded to FNB with outright cession rights (if a policy is ceded, the right of the cessionary takes precedent and will be paid before any payments to nominated beneficiaries)
  • Contain the start date and total amount of cover
  • Ensure that, in the case of joint account holders, all bond applicants have Life Assurance to the value of the total registered bond amount

Mortgage Protection Plan (MPP)

Where the principle loan amount is equal to or less than R1 000 000, the maximum cover will be capped at R1 000 000 per property, per applicant, with a cumulative maximum of R2 000 000 per applicant. FNB Home Loans will require Life Cover as a condition of the loan being granted on new and further loans for joint or individual applicants.

A competitive quote for applicants aged 64 years or younger from FNB Life, called Mortgage Protection Plan (MPP) will be supplied. There are certain instances where this will not be a requirement, but this will be specified in your conditions of the loan being granted.

The MPP covers the outstanding home loan amount in the event of your untimely death or permanent disability. The premiums payable for MPP are dependent on the previous months average outstanding home loan balance and reduces as the home loan is paid off.

You are however entitled to provide your own policy to be ceded to the Bank, subject to the policy having sufficient cover to pay off the outstanding balance, or registered bond amount, at the time of cession.

Vacant land


Some people can see their future by simply looking at a bare piece of land.

If this is you - the vacant land loan can help you make your vision a reality.

You will need to meet the following criteria when applying for Vacant Land finance from FNB Home Loans:

The qualifying criteria on a Traditional Home Loan must be met and the vacant land must have existing municipal service connections.

Move Home, not your Home Loan


Once you're an FNB Home Loans customer, there's no reason to move! By staying with FNB you'll enjoy a number of fantastic benefits!

  • Save on attorney fees
  • Get an early termination fee rebate
  • Get a bond cancellation attorney fee subsidy

Terms and conditions apply.

Get a Will at no cost


A Will is probably one of the most important documents you will ever sign. It provides you with the opportunity to give clear instructions on how your assets and wishes are to be dealt with when you pass away.

A Will enables you to:

  • Choose who should benefit from your estate
  • Protect the interests of your heirs, including the nomination of a guardian for minor children and/or a professional trustee to administer their inheritance
  • Nominate an executor of your choice, thus avoiding the delays involved in the appointment of an executor
  • Earn 1000 eBucks reward level points

Get a professional Will today, at no cost by calling 087 736 3555 or emailing fiduciary@fnb.co.za

Monthly costs


A monthly service fee will be charged on all new registered loans. See Pricing Guide for details.

Other costs to consider

  • Municipal rates and fees
  • Monthly home loan repayments
  • Property Insurance
  • Life Assurance
  • Household content insurance

Once off costs


Expense Description Typical amount
Purchase price deposit (if necessary) This is a payment made to secure the property. The amount will be stated in the Offer to Purchase contract Varies according to property value
Registration costs A fee that is paid by you to the attorney View the rates .
Transferring costs A fee that is paid to the attorney nominated by the seller to transfer ownership of the property This fee also varies and is based on the purchase price of the property
Postage and sundries The cost of documents and certificates that the conveyancing attorney will need to submit to the Deeds Office, the bank, the estate agent and you Minimum R300
Deeds Office registry fee A fixed fee for the local registration of the loan Estimated cost between R70 and R3 000
Transfer duty This is a government tax, which you will need to pay based on the purchase price. View the rates .
Initiation fee A fee charged by FNB to process your building loan application Refer to Annual Pricing Guide
Service fee A monthly administration fee will be charged on all new registered loans.

Please note that the monthly service fee applicable to your home loan will be charged irrespective of the balance outstanding and will only cease when the bond Is cancelled.
Refer to Annual Pricing Guide
Existing bond cancellation fee A cancellation fee, if applicable, will be charged by the attorney to cancel your bond in the Deeds Office It varies by attorney
Early termination fees An early termination fee is charged when a home loan is cancelled without giving 90 days notice. The fee is calculated on the outstanding balance at your current interest rate.

Further Loan


Further Lending - Further Loan

A Further Loan allows you to apply for and register an additional loan over and above the existing home loan already registered.

  • Registration costs will be applicable and your Home Loan pricing and interest rate may be affected
  • Minimum new registration amount of R35000 permitted
  • It is a requirement to pay your home loan by debit order or salary stop order
  • Your loan will need to be on Variable rate option at the time of applying for a Further Loan
  • A credit assessment will be conducted and your Home Loan interest rate and pricing may be affected

Flexi Option


Electronic access to prepaid funds on your home loan.
Interest calculated daily and capitalised monthly.
24/7 electronic access to funds via FNB ATMs, Cellphone-, Telephone or Online Banking.

  • Applicants are required to have a bank account in the same name as that of the home loan
  • In the case of a joint home loan, the bank account must be in the name of one of the applicants
  • Applicants must ensure that repayments are made by debit order

Prepaid Option


Additional funds paid into your home loan, over and above your monthly payments.
Access to cash without having to apply for another loan.

  • Apply for a minimum prepaid amount of R1 000 as the minimum withdrawal amount is R1 000.

Future Use


Future Use enables you to register a bond greater than the home loan amount you require, creating a surplus amount that you can access at a later stage, without further registration, subject to credit approval.

Future Use takes into consideration the hectic pace of life today and the fact that your needs change from one moment to the next. By planning ahead, you can use the available value in your home to your best advantage.

Further Lending - Future Use Withdrawal

  • If your home value is not more than your current loan amount, the Future Use amount can only be used for home improvements that will increase the value of your home
  • The Future Use withdrawal amount may only be applied for 6 months after the bond has been registered
  • Your monthly repayments will be calculated on the total loan amount and will be recalculated with each subsequent Future Use pay out
  • Minimum application amount of R35 000 permitted
  • It is a requirement to pay your home loan by debit order or salary stop order
  • A credit assessment will be conducted and your Home Loan interest rate and pricing may be affected
  • If the Future Use portion has already been registered, there will be no registration costs.

Readvance


Further Lending - Readvance

Readvance allows you to withdraw funds from your existing home loan in an easy & convenient manner. A Readvance gives you access to the funds that make up the difference between the original registered home loan amount and the outstanding balance. It's simpler than registering an additional bond and the funds are readily available.

  • Minimum application amount of R35 000 permitted
  • You will need a transactional account in the name of one of the bondholders
  • It is a requirement to pay your home loan by debit order or salary stop order
  • Your loan will need to be on Variable rate option at the time of applying for a Further Loan
  • A credit assessment will be conducted and your Home Loan interest rate and pricing may be affected

Qualifying criteria


To qualify for a Home Loan you'll need to meet the following criteria:

Future Use takes into consideration the hectic pace of life today and the fact that your needs change from one moment to the next. By planning ahead, you can use the available value in your home to your best advantage.

  • 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
  • A property valued at R600 000 or higher
  • You need to be 18 years or older
  • Have a clear credit record
  • Meet the affordability criteria
  • Have the legal capacity to sign a contract

Registration Costs


Value of property or bond Recommended guideline of fees conveyance of immovable property or the registration of a mortgage bond
R100 000 or less R4 800,00
Over R100 000 up to and including R500 000 R4 800 plus R735 per R50 000 or part thereof above that
Over R500 000 up to and including R1 000 000 R10 680 for the first R500 000 plus R1470 per R100 000 or part thereof above that
Over R1 000 000 up to and including R5 000 000 R18 030 for the first R1 000 000 plus R735 per R100 000 or part thereof above that
Over R5 000 000 R47 430 for the first R5 000 000 plus R350 per R100 000 or part thereof above that

Transfer duty


Value of the property (R) Rate
0 - 900 000 0%
900 001 - 1 250 000 3% of the value above R900 000
1 250 001 - 1 750 000 R10 500 + 6% of the value above R1 250 000
1 750 001 - 2 250 000 R40 500 + 8% of the value above R1 750 000
2 250 001 - 10 000 000 R80 500 + 11% of the value above R2 250 000
10 000 001 and above R933 000 + 13% of the value above R10 000 000

Home loan


The right solutions for the right home

A home loan will offer you the finance you require to purchase an existing residential property. This loan may be combined with a range of facilities and options to personalise your home loan.

What's hot


Support, knowledge + guidance

We offer finance solutions and tools to guide you through the
entire home loan process - from start to finish. Although buying
a home can be stressful we aim to make the experience as
smooth as possible.

Make sure you're covered

Ensures that the property is covered from the first day you take ownership.

Read more

Move Home, not your Home Loan

There's no reason to move, stay with FNB and enjoy a number of fantastic benefits.

Read more

Buy Vacant land

Take the first step towards your dream home.

Read more

Get a Will at no cost

We will assist you in setting up a professional Will, at no cost, plus you can earn 1000 eBucks reward level points.

Read more

What it costs


Consider the options best suited to your needs

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.

Once off

Monthly

 

Accessing funds


FNB's Home Loan allows you flexibility and choice not just in the type of loan you choose but also how you choose to pay.

Further Loan

Read more

Flexi

Read more

Prepaid

Read more

Future use

Read more

Readvance

Read more

Getting it made easy


Home loans

Qualifying criteria

  1. Individual: min. income of R25 000 per month
  2. Joint application: at least one of the individuals must earn a min of R25 000 per month

View full qualifying criteria

How to get it

Call me back

Other ways to apply

Find a branch

Apply for a home loan via Property Leader

Documents needed