Home loans · Free pre-approval
One application. Every major bank.
Buying a home? REI Mortgages sends your home loan application to South Africa's major banks and negotiates the rate for you. It costs you nothing, with no obligation.
- Home loans facilitated
- R1.8bn+
- By our home-loan partner's team
- Combined experience
- 150+
- Years in property finance
- Cost to you
- R0
- Free, with no obligation
Figures supplied by our home-loan partner.
Bond calculator
What half a percent is worth
Banks price every bond on the applicant. When several banks compete for yours, a lower rate becomes possible, and over 20 years a small difference adds up. For example, 0.5% off a R2 million bond over 20 years saves more than R130,000 in interest.
The calculator starts at today's prime lending rate, 10.75% (SARB · 3 Nov). Banks offer rates above or below prime, depending on your profile.
An estimate for illustration. Your rate and repayment depend on your credit profile and the bank's approval.
Monthly repayment
R20,305
- Bond amount
- R2,000,000
- Interest over 20 years
- R2,873,099
At 10.25%, 0.5% lower, you would pay R672 less a month, and R161,211 less over 20 years.
Ask us to negotiate your rateWhy a bond originator
Why not just go to your bank?
Your bank knows only its own offer. A bond originator applies to several banks for you, your own included, and puts the offers side by side.
On your own
- One application, to one bank, for one offer
- You negotiate the rate on your own
- A decline sends you back to the start
- You chase the paperwork yourself
Through REI Mortgages
- One application form, sent to several banks, including your own
- Quotes side by side on rate, terms and benefits
- A consultant who negotiates the deal on your behalf
- Help with zero-deposit (100%) bonds, if you need one
- Updates by phone, email or WhatsApp until registration
How it works
Three steps to your bond
- 1
Get pre-approved
Know your budget before you start looking. A pre-approval certificate shows sellers you are a serious buyer with the finance behind you.
- 2
Find a home
With the certificate in hand you know your price range, and you can make an offer with proof that you qualify.
- 3
Get the best bond
We gather quotes from several banks, including your own, so you can compare rates and choose. After approval we work with the attorneys through to registration.
What we do for you
Free pre-approval certificates
An affordability check and a certificate to strengthen your offer to purchase.
Applications to all major banks
Absa, FNB, Nedbank, Standard Bank and more, compared for you.
Buying off-plan
Developer package letters for new developments, for faster approvals.
Coaching and credit advice
Not quite there yet? Steps to improve your profile and qualify for more.
Your credit report
On request, with your pre-approval, so you see what the banks see.
Questions
Before you apply
Why use a bond originator instead of my bank?
Your bank can only offer you its own deal. A bond originator applies to several banks at once, including yours, so the banks compete for your bond and you choose the best offer. The banks pay the originator, so the service is free to you.
Can I get a home loan without a deposit?
Yes. All the major South African retail banks offer 100% home loans to buyers who qualify, subject to their credit assessment and criteria.
If I am pre-approved, is the money guaranteed?
No, pre-approval is not a legal guarantee. Our home-loan partner says more than 90% of the applications it submits with a pre-approval certificate are approved without issue.
What does a credit check include?
Your credit history, debt-to-income ratio, payment record and overall credit score across the major South African credit bureaus.
Free pre-approval
Get pre-approved with REI Mortgages
Leave your details and one of our home-loan consultants will contact you to start your free pre-approval. No obligation, and it costs you nothing.
REI Mortgages is an introduction service from Real Estate Investor. REI is not a bond originator, credit provider or financial services provider, and nothing on this page is financial advice. REI's bond-originator partner submits home loan applications to the banks; every bond is subject to the bank's credit assessment and approval. Figures and services as supplied by that partner. Calculator results are estimates.