Buy a home in seven steps

1. Work out what you can afford

Use our bond calculators to get an idea of how much you can borrow, and what your monthly repayments will be over your agreed-upon terms.

It’s also worth seeing if you qualify for a government subsidy or one of our affordable housing options.

2. Decide how much you want to borrow

You can borrow up to 108% of the property’s purchase price. Registering a bond for a higher amount means you can borrow extra later without registering a second bond.

Are you or your spouse embarking on an exciting journey of buying your first home? You can get 50%* discount on your bond registration costs if your home loan amount does not exceed R3 million. Your bond should be successfully registered before 31 March 2025 to qualify. Plus, 5 lucky winners could stand a chance to win up to R1 million* paid towards their home loan. Entries close 31 December 2024. *T&Cs apply.

Click to view our January 2024 – March 2025 competition terms and conditions. 

3. Find your dream home

When viewing properties, check for signs of damp or structural damage, and anything else that you will have to spend more money on once you’ve moved in, such as kitchen or bathroom renovations.

You might also want to have a look at repossessed properties for sale through online auction as transfer duties don’t apply to these properties.

Have a look at Standard Bank houses for sale at MyRoof properties.

4. Do research on the home

You can make more informed decisions about buying a property when you know how old it is, what it last sold for, and how it compares to similar properties in the same or different areas.

With our free property guide to homes across South Africa, you can get relevant information and key insights on the estimated value of your dream home, so you can buy with confidence.

Explore our Home Services property guide.

5. Make an offer to purchase

Once you’ve found the home you want, you’ll need to put in an offer to buy it.

If your offer is accepted, you and the owner must sign your offer to purchase. You may submit a copy of the offer when applying for your home loan.
 

6. Apply for a home loan

You can apply for a home loan on your own, or as a trust or business, or make a joint application with your spouse or partner. 

• Apply online
• Call us on 0860 500 000 between 8am and 5pm during the week
• Or speak to us at your nearest branch

We’ll be in touch to confirm your home loan and personalised interest rate and arrange a time for you to come in and sign your home loan contract.

7. Insure your home

When you accept a home loan, it’s important to apply for building insurance for the duration of your home loan. We offer four types of insurance:

Building insurance
Covers the building structure damage caused by fire, storms, theft or burst geysers.
Home contents insurance
Covers the contents from loss or damage caused by theft, fire or storms.
Car and home insurance
Comprehensive insurance that covers your building and vehicle.
Home loan protection plan
Takes care of your bond repayments or pays off your bond in the event that you are unable to do so.

Click here  for more information and a quote.