Further Lending Products

Apply for further lending to access the equity in your home loan.

Re-Advance

A re-advance is done when you wish to re-borrow any portion of the total capital amount that you have pre-paid (ie paid by you in excess of the required instalments and not re-advanced before that time).

If you would like to apply for a re-advance, the following process needs to be followed:

The above process usually takes 24-48 hours subject to all documentation being received.

NOTE:  The amounts must be equal to or greater than R10 000 each and shall be made no more than six times during any 12 month period.

Further Advance

A further advance is an amount available to you up to the existing registered bond amount. If you would like to apply for a further advance, the following process needs to be followed:

  • Contact the Client Services Help Desk on Admin@sahomeloans.com or complete an online request for a Further Lending application.
  • Client Services will review the application, together with all supporting documents and forward it through to Credit for a decision.
  • If the application is approved, you will be required to sign a Schedule to Loan Agreement, Loan Agreement and Quotation.
  • Upon receipt, the funds will be transferred into your account.

The above process usually takes 5 working days subject to all documentation being received.

NOTE:  The amounts must be equal to or greater than R 10 000 each and shall be made no more than six times during any 12 month period.

Further Loan

A further loan is processed when the amount requested by you exceeds the current registered bond amount. The further loan is registered at the Deeds office. If you would like to apply for a further loan, the following process needs to be followed:

  • Contact the Client Services Help Desk on Admin@sahomeloans.com or complete an online request for a Further Lending application.
  • Client Services will review the application, together with all supporting documents and forward it through to Credit for a decision.
  • If the application is approved, the client will need to wait until the loan has been registered in the Deeds Office before the funds are paid out. This can take up to 6 weeks. If you have applied for Quick Cash and this has been approved, then a portion of your monies can be paid out earlier.

Call 0861 888 777 and talk to a consultant who’ll explain the options for you.

Terms and conditions apply to all products. The availability of lending products is subject to our credit policy as amended from time to time.