Owning a home is a great achievement by any standards. It is a challenge that has been made simpler by Absa, a leading financial service provider in South Africa. Now forming part of the Barclays group, the bank continues to provide convenient services for the South African market.
The Absa Home Loans product is essentially a flexible solution that is 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
In addition, Absa is able to secure finance for your property and includes vacant land.
The loans are offered to clients with 30 years to pay, giving them a comfortable repayment period. Clients are also able to save considerably on interest by making additional payments, while interest rates offered vary.
As an Absa client using this service, you can also get easy access to make use of available funds immediately with FlexiReserve.
The bank also offers to finance a major portion of your property and to use a Pension Supported House Plan (PSHL) to secure the rest of the bond. This option is specifically provided to members of a pension or provident fund for the purpose of building a house.
If you are a low-incomer earner don’t despair. Absa’s Home Loan product is comprehensive and makes provisions for individuals earning a minimum of R3510 per month. As a first-time home buyer you are able to purchase a home without a deposit.
To help you keep track, Absa also sends free eStatements to clients.
Contact Absa on 0860 111 007 or visit www.absa.co.za to find out if you qualify.