Start of global snippet: Please do not remove Place this snippet between the head and head tags on every page of your site. Global site tag (gtag.js) - Google Marketing Platform Affordable Housing Package | SA Home Loans

Affordable Housing Package

A home loan that makes home ownership more accessible.

Calculate Affordability


Variable interest rate tailored to your risk profile.
Flexible payment term up to 20 years.
Available for a combined household income of R8 000 or more per month.
Finance up to 100% of your purchase price without a deposit.
Step-by-step guidance from your SA Home Loans consultant.

In-house insurance cover to protect your investment.

Bond attorney costs discounted by 50% unless covered by a developer.

Personal Support

At SA Home Loans, we believe in close client relationships. We walk you through the entire journey to make sure you understand every detail. Our goal is your peace of mind.

One of our consultants will become your personal guide, available whenever you need help. They’re home loan specialists, here to help you complete application forms and collect documents for your credit assessment. Your consultant will keep you up to date on the status of your home loan application.

FLISP Subsidy

A government housing subsidy designed to make owning your first home more affordable.

The Finance Linked Individual Subsidy Program, better known as FLISP, offered by the Department of Human Settlements grants affordable first-time housing subsidies to qualifying applicants. FLISP gives successful applicants a subsidy amount of up to R 121 626. This can be used as a deposit on a home or as a lump sum payment into the bond account to reduce monthly instalments. 

To qualify for FLISP, you must be:

  • A first-time home buyer, with a household income between R 3 501 and R 22 000 per month.
  • The applicant must have a financial dependent.
  • Approved for a home loan by a lender like SA Home Loans and have a letter confirming your approval.
  • A South African citizen with a valid ID or a permanent resident with a valid permit.
  • Over the age of 18 years and legally competent to enter into a contract.
  • A first-time applicant that has not benefited from a Government Housing Subsidy Scheme before.

Steps to apply

  1. Apply for a home loan with SA Home Loans.
  2. Once approved, a letter of acceptance will be issued to you.
  3. Submit your FLISP grant paperwork together with your
    SA Home Loans approval to the NHFC (National Housing Finance Corporation) or Provincial Department of Human Settlements.
  4. After your FLISP application is approved, funds are paid to transferring attorneys or SA Home Loans.

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