Capitec Home Loans

Many home buyers wonder if there is a Capitec Home Loans product, but unfortunately at the moment there is not.  There are 5 primary home loan providers in South Africa. Nedbank, Absa Bank, FNB, Standard Bank and SA Home Loans are the 5 primary lenders. The following will contain an overview of these loan providers to give you a basic idea of how each one works and any philosophies or unique loan options they provide.

The Top 5 Home Loan Providers in South Africa

1. Nedbank – This bank offers home loans for buying a new home, home improvements and investment homes. They offer options like variable or fixed interest rates, repayment turns of up to thirty years, 108% home loans for first time home buyers options to fit your financing needs and the option to request a loan of up to 108% of a property value. They also provide homeowner’s insurance and life cover. Tools to help manage your home loan are also available.
2. Absa Bank – This bank offers various plans including fixed and variable rate and options for using your home loan account to structure your bond to fit your needs. They also offer standard banking like other banks and services to protect your home loan like insurance and cover.
3. FNB – This is First National Bank and they believe in providing home loans that are viable solutions for those who want to buy a home. They offer cost-effective, convenient, affordable and progressive home loan solutions.
4. Standard Bank – This is South Africa’s 2nd largest mortgage lender. Their motto is “Simpler Better Faster” as far as their retail banking solutions. They offer 4 different mortgage packages as well as some flexible options in case of changes in your circumstances.
5. SA Home Loans – This is the largest non-bank home loan provider in South Africa. They provide unique and flexible loan options while cutting out the middleman. They also offer equity access options like quick cash and further loan and risk management products like home owner’s cover and bond protection.

While there is no Capitec Home Loans product at the moment, these home loan providers in South Africa offer plenty of options for today’s first time buyer or homeowner. You can choose a provider that offers refinancing, home improvement, investment properties and other options that help you get financing and protect your financing.

The home loan provider you choose from all the home loan providers in South Africa will be determined by your home loan needs. Each provider has experts you can consult with in order to help you determine just the right home loan solution for your needs.