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Overseas Mortgage Broker
Overseas Mortgage Broker

Overview of Overseas Mortgages in South Africa

South Africa Mortgage
Rates Available From:
12.75% depending on LTV
Currencies Available:
Minimum Loan Amount:
ZAR 100,000
Minimum Property Value:
ZAR 200,000
Maximum Term:
20 years
Maximum LTV (Loan-Value) Ratio:
Maximum DTI (Debt-Income) Ratio:
Repayment Methods Available:
Capital & Interest
Loan Purpose:
Type of Loan Available:
Holiday Home
Main Residence

What does all this mean?

Loans in South Africa are available from ZAR 100,000 and the minimum value of the property (or purchase price) should be ZAR 200,000.

Banks will lend over a maximum of 20 years and interest rates start from 11.5% p.a. although this varies depending on the application.

The maximum amount they would lend is 50% of the value or purchase price.

Lenders calculate affordability for the loan by stating that the maximum percentage of all loan repayments (including the new mortgage, current mortgage and other loans) should be 30% of your net income.

Please feel free to use our mortgage calculator to see what your monthly payments may be.

Important Note: This information is designed to only give you an indication of what you may borrow and under what terms. It does not constitute any form of advice, nor does it imply that you will be able to borrow the amounts required. In all cases you should carry out a full Fact Find and obtain an agreement in principle from the lender. Please choose to either request a quote for a mortgage in South Africa or complete the more comprehensive pre-qualification form to see if you already qualify for a South African mortgage.