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My home loan was declined; when can I apply again?

It depends on whether you want to apply with the same bank or not.

  • If you want to apply with the same bank that declined your application, you should take time to improve your credit record by paying off debts. Improvements to your credit record usually show up after around three months, at which point you can apply again.
  • You can apply to a different bank right away. Some banks may be willing to approve home loan applications that others rejected.

You can apply to multiple banks with ooba Home Loans, which improves your chances of obtaining home loan approval as banks compete with each other to grant the best home loan packages.

If your application was rejected due to low income, you can apply for First Home Finance (formerly known as FLISP), a government subsidy aimed at homebuyers with an income ranging from R3 501 to R22 000 per month. The application process takes around 7 days.

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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

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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

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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

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