For a salaried first-home application, send your latest three months’ payslips and stamped personal bank statements. Include both applicants where applicable.
Match your income evidence to your work, then check the property limits
Caps are R5 million if permanently employed or R3.9 million if self-employed, subject to credit checks. Self-employed? Send an accountant’s drawings letter and list assets and debts.
For an investment purchase, finance is capped at 80% of the property’s value, subject to assessment. You must fund the rest and transaction costs.
What you pay beyond the price of your home
Your interest rate is variable and based on your profile, so repayments can rise. Buying also brings conveyancing fees based on property value and government transfer duty where applicable.
Capitec partners with SA Home Loans. You pay a monthly service fee and an initiation fee at bond registration; the latter is often added to your loan balance.
The requirements for your route to a home loan
A switch or refinance needs your latest rates, levy or utility bill.
- You must be permanently employed or self-employed.
- Payout needs active home or life insurance.
- For purchase loans over R2 500 000, list your assets and debts.
- To switch or refinance, send 3 months’ bond statements.
Start your new-home purchase application
- Estimate your buying budget with the calculator.
- Complete and submit the online purchase form.
- Then email the documents for each applicant.
Your questions answered
Which identity and property documents do I need for a new purchase?
Send ID, marriage certificate or antenuptial contract where applicable, and the offer to purchase. Include both applicants’ documents.
For a new purchase, which records do self-employed buyers need?
Send six months’ stamped personal and business bank statements, two years’ annual accounts and registration documents or a trust deed.
What if my business’s annual accounts are older?
If annual accounts are over six months old, add management accounts no older than two months, signed by you and your accountant.
When buying, how do I see my costs before signing?
Your Letter of Acceptance sets out costs and interest. Return it signed for valuation; a satisfactory result sends your file to an attorney.