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Can you get a home loan for more than the purchase price for renovations?

You can apply for a home loan higher than the value of the property, although in the case where the loan is intended to cover the cost of home renovations, you may be required by the bank to provide proof of building plans.

Another example of a home loan at more than the value of the property is the 105% home loan, which covers the cost of transfer of property, and bond registration.

At ooba Home Loans, South Africa’s largest home loan comparison service, we can help you secure a 105% home loan, which is aimed primarily at first-time buyers looking to buy properties valued at less than R1.8 million.

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Average rating of 4.82 from over 3 000 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