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What happens after you pay off your house?

When you finish paying off your home loan, you can choose to cancel the home loan account (requires a cancellation fee of around R4 000) or keep it open as a source of credit. Many homeowners prefer the latter option, as interest rates on home loans are lower than other types of loans.

If you do decide to cancel the account, the bank will release the title deed to you following your final repayment.

Ranked #1 in Financial Services on Hellopeter

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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