ABSA's & FNB's Young Professionals Home Loan Campaigns

ARE YOU A YOUNG PROFESSIONAL & DO YOU WANT TO BUY A HOME OF YOUR OWN?

Then ABSA & FNB has just launched the right home loan products to achieve just that - without you having to save for a deposit and even 5% to 10% more to cover bond and transfer registration costs.

1. ABSA

ABSA has launched the Young Professionals Home Loan campaign. First Time Home buyers up to the age of 35 can apply for up to 105% bond with a maximum purchase price of R1 500 000. This is open to Young Professionals with any 4-year degree at NQF level 8 or higher.

How the Offer works:

• A Loan to Value (LTV) of up to 105%, or in other words 100% LTV to cover purchase price which is capped at R1.5million and up to an additional 5% to cover bond and transfer registration costs; 
   
• A 30% discount on attorney bond registration costs through an ABSA panel attorney - such as ESI Attorneys which are on ABSA's panel;
   
• The extra convenience of having the Attorney visit the customer to sign all home loan documents at a date, time and place which is convenient for the customer. 
   
• ABSA will also issue a digital Takealot voucher of R5000 for the first 415 registrations, delivered post registration of the mortgage bond and redeemed online on the Takealot website. 

Additional Benefits:

• The customer may download the Absa Homeowner app to help with finding a dream home, calculate affordability and / or get a Home Loan Estimator certificate before shopping for a home
   
• If the customer is an Absa Rewards member, they get even more benefits:
  
  - 10% cash back on MyTelnet home connectivity products and services;
  
  - 10% cash back on Fidelity ADT's monthly subscriptions; and,
  
  - 1% cash back at Hirsch's on any purchase.

2. FNB

FNB considers lending in excess of 100% up to a maximum of 110% loan to value (LTV). 
 
This offering of lending in excess of a 100%  LTV will be considered to the following customers:

1. Income bracket R12000 per month to R299 999 per annum

2. Young professionals below the age of 35. The list of professions below is what will be considered as young professionals

• Actuary
• Advocate
• Architect
• Attorney
• Chartered Accountant
• Engineer
• Medical Doctor

For more information, please contact one of our member agents so they can get you in contact with one of the home loans consultants / bond originators we have experience working with over the last few years.