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My home loan was declined; what next?

So the bank declined your home loan. Fear not, you have several options available to you:

  • Improve your credit record: You can do this by paying off debts, paying bills on time, and spending less than a third of your credit limit. Improvements usually start showing up after around three months.
  • Apply to a different bank: There is competition between banks to grant home loans and some may be willing to approve applications that others reject. You can apply to multiple banks with ooba Home Loans, improving your chances.
  • Apply for First Home Finance (formerly known as FLISP): If your application got rejected because your income is too low, First Home Finance subsidises homebuyers with an income ranging from R3 501 to R22 000 per month. If you receive the subsidy, the bank will know you have funds available and will more likely approve your application.

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Ranked #1 in Banking on Hellopeter


Average rating of 4.86 from over 4 550 reviews

Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M