SA Home Loans Bond Calculator
Work out your monthly SA Home Loans home-loan repayment at SA Home Loans's typical mid-market rate. The slider is pre-filled with 10.75% (prime + 0.5%) — adjust to model your own offer or compare scenarios. SA prime is 10.25% as of May 2026.
Purchase price of the property — what the deed of sale says.
10% of home price · 10–20% is the SA norm.
SA Home Loans typical offer ≈ 10.75% — Currently prime + 0.5% (SA prime is 10.25%, May 2026). Banks typically offer prime − 0.5% to prime + 1.5%.
20 years is the SA default. Longer term = lower monthly, far more interest paid over time.
Monthly bond repayment
R 13 706
on a R 1 350 000 bond over 20 years at 10.75%
Loan amount
R 1 350 000
R 1 500 000 − R 150 000 deposit
Total interest
R 1 939 342
144% of loan
Total repayment
R 3 289 342
over 240 months
Outstanding balance over time
Repayment uses the standard amortisation formula. Most SA bonds are variable-rate — your actual instalment will rise or fall when SARB changes the repo rate. This calculator does not include monthly bond admin fees (~R69/mo at most banks) or once-off bond initiation costs (~R6,000) — see the affordability calculator to find your maximum bond before you start house-hunting.
Ready to apply with SA Home Loans?
Get a real quote — your actual rate depends on income, deposit, and credit profile.
About SA Home Loans
SA Home Loans is a specialist non-bank home-loan lender — it doesn't take deposits or run current accounts, only originates and services home loans. It funds itself by securitising mortgages on the bond market, and occasionally that funding model lets it undercut the big four on rate for stronger applicants.
SAHL doesn't have branches; the application is done online or via phone with a dedicated home-loan specialist. It's been in the SA market since 1999 and currently services around R75bn of home loans, plus the loans it originates on Capitec's behalf.
What's specific to SA Home Loans
- ›Specialist non-bank lender — only does home loans, no other products.
- ›Funds via securitisation rather than deposits — sometimes more aggressive on rate.
- ›No branch network; application is online or by phone with a dedicated consultant.
- ›Also services Capitec's home-loan book under their joint venture.
Typical rate
10.75%
prime + 0.5%
Typical range
9.5–11.75%
By profile
Provider type
Specialist lender
Securitised lender
SA Home Loans bond costs at a glance
Four worked examples at SA Home Loans's typical 10.75% rate over a 20-year term. Type the same numbers into the calculator above to verify or change the term.
R1m home, 10% deposit
10.75% over 20 years
R1.5m home, 10% deposit
10.75% over 20 years
R2m home, 10% deposit
10.75% over 20 years
R2.5m home, 20% deposit
10.75% over 20 years
SA Home Loans home loans — frequently asked questions
Is SA Home Loans a real bank?
SA Home Loans is not a bank — it's a specialist non-bank home-loan lender, regulated by the SARB and the National Credit Regulator. It doesn't take deposits or offer transactional banking; it only originates and services home loans. SAHL has been in the SA market since 1999 and has a securitised mortgage book of around R75bn. Functionally a borrower can't tell the difference between a SAHL loan and a big-bank loan — same NCA protections, same bond-registration process, same rates structure.
What rate does SA Home Loans charge?
SAHL's typical rate runs prime − 0.75% to prime + 1.5% — a wider range than the big four because SAHL prices more aggressively at the strong-applicant end and more conservatively at the weak end. Strong applicants (20%+ deposit, high income, clean credit) often get prime − 0.5% or better here, which is hard to match at a big-four bank. The calculator defaults to prime + 0.5% (10.75%), the modal SAHL offer for an average buyer.
How does SA Home Loans get its funding?
SAHL funds itself by securitising the home loans it originates — packaging them into bonds and selling those bonds to institutional investors. This is structurally similar to how non-bank lenders work in the US, UK, and Australia. The funding model means SAHL's cost of capital tracks SA bond-market yields rather than retail deposit rates, which sometimes gives it a pricing edge over the big four when bond markets are favourable.
Can I switch my existing bond to SA Home Loans?
Yes — SAHL specialises in 'switching' (refinancing your existing bond to a new lender). The pitch: a slightly better rate, often ~0.25–0.50% lower than what you're currently paying at a big-four bank if your profile has improved. Switching costs typically R10,000–R20,000 in attorney fees. Worth doing if the rate saving × remaining bond term × bond balance exceeds the switching cost — usually true for bonds above R1m with 10+ years remaining and a 0.5% rate improvement.
Does SA Home Loans have access-bond facilities?
Yes — SAHL's home loans include the equivalent of an access-bond facility, branded 'Switch'. Extra capital payments above the monthly instalment reduce the bond balance and accrue interest savings, but remain available for withdrawal. Same logic as FNB/Absa/Nedbank/Standard Bank flexi-bonds — useful as a high-yield alternative to a money-market account for emergency savings.
Sources: Default rate of 10.75% reflects SA Home Loans's typical mid-market offer based on Ooba and BetterBond quarterly home-loan statistics through 2024–2025. SA prime rate (10.25%) and repo rate (6.75%) sourced from SARB. Calculator uses the standard amortisation formula. SA Home Loans does not publish home-loan margins; every offer is individualised. This page is informational only — get a real quote from SA Home Loans or a bond originator before making any decision. Not financial advice.