Absa Home Loans Call Centre
How to apply for Absa Home Loans:
Check that you fully understand the costs. When buying a home, there are a number of costs involved, such as registration costs, transfer costs and insurance costs.
Make sure that you have all the necessary documents. This includes documents such as your valid South African ID, proof of income, a copy of your building contract/ quote as well as a signed offer to purchase if you are buying a home.
Absa, a wholly-owned subsidiary of the Barclays Africa group, is one of the foremost banking institutions in South Africa. The bank offers a range of products and services. The Home Loans product is designed to help South Africans buy or build a home of their dreams.
Absa Home Loans may be ideal for:
- Purchasing a home
- Building a home
- Improving your existing home
- Using your home equity to manage your debt
- Using equity on your home to access additional funds
What to expect:
- Identity, income and employment information authenticated.
- Property details will be validated by Absa.
- The application will be processed.
- Your creditworthiness will be assessed to determine whether you can or can’t afford to repay the loan.
- You’ll be informed of approval or if you’ve been declined.
- If approved, you’ll receive an “approval in principle” notice.
- If you accept the Terms and Conditions, the next step is a property valuation.
- The final grant stage is when your home loan is finalised.
- Registration attorneys will register your bond.
- Absa will keep you updated on the progress until your bond is registered.
If you are declined, you can query the decision with Absa by calling the Absa Call Centre on 0860 111 007. An Absa consultant will be able to provide you with possible reasons why your application was declined.
Visit www.absa.co.za
