How long does it take for the bank to approve a home loan in South Africa?

Home loan approval usually takes around one week, although it can take longer if certain requirements haven’t been met.

You can use our Bond Calculator to determine what home loan you would qualify for. This way, you can look for homes within your price range, thereby improving your chance of home loan approval. While our Bond Calculator does not provide 100% accuracy, it will give you a solid estimate so you can budget effectively.

Other ways to make the process smoother include:

• Having a good credit record.
• Putting down a large deposit.