Build or renovate your property

Finance the construction of your new home, or borrow money to renovate your existing property with an Absa building and renovation loan - it's hassle free.

What's included
Competitive interest rates

A capital relief (moratorium) for the first 12 months*

Convenient and flexible repayment terms up to 30 years

Up to 100% financing of the cost of your project

Your home or cash can be used as collateral

*Subject to assessment
What you need to know
The home loan is suitable for anyone who wants to build or renovate a home.

Your loan will be paid in instalments based on satisfactory progress of works.

Your home or cash can be used as collateral.
What to bring when you apply
Visit your nearest branch with the following documents:

National identity document or passport

Utility bill not older than 3 months

Last 3 months’ bank statements

Latest salary slip

If you earn other income (e.g. overtime/ commissions/ travel allowance), last 12 months' salary slips are required

Letter from your employer confirming permanent employment if you have been with your current employer 6 months or less

Contract of employment if you are working under contract

Marriage certificate (where applicable)

Title deed

Construction plan or breakdown of renovation costs

All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).