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 up to 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.

First Home Finance A government housing programme designed to make owning your first home more affordable.

First Home Finance, formerly known as FLISP, offered by the Department of Human Settlements, enables sustainable and affordable first-time homeownership opportunities to qualifying applicants. First Home Finance gives successful applicants a subsidy of up to R 130 505. This can be used as a deposit on a home or as a lump sum payment into the bond account to reduce monthly instalments or for home loan-related costs and fees.

To qualify for First Home Finance, you must be:

  • A first-time home buyer with a monthly household income between R 3 501 and R 22 000.
  • The applicant must have a financial dependent.
  • Approved for a secured or unsecured 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 or an unsecured loan with SA Home Loans.
  2. Once approved, a letter of acceptance will be issued to you.
  3. Submit your First Home Finance grant paperwork together with your SA Home Loans approval to the NHFC (National Housing Finance Corporation) via the application portal or Provincial Department of Human Settlements, or speak to your SA Home Loans Sales Consultant to assist by facilitating the First Home Finance application process on your behalf.
  4. After your First Home Finance application is approved, funds are paid to transferring attorneys or SA Home Loans.

Speak to a consultant

0860 2 4 6 8 1 0

Your stories

Get started