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Home Loan

Ithala Home Loan offers you an oppertunity to buy, build, improve or renovate your own property in urban and rural areas. The loan is secured by registering mortgage bond against your property or registering cession in the case of rural title. This meas your property becomes a security and that entitles you to a martket competitive interest rates.


  • Build, buy, improve, renovate or extend your house while you are economically active
  • Use equity on your home loan for additional funding of needs you may have
  • Use equity on your existing property for managing your debts
  • Repayment terms are up to 360 months
  • Loan is repaid before your retirement
  • Competitive interest rate
  • Loan amounts are up to 100% of the property value

Who qualifies for the Home Loan?

  • Self-employed or permanently employed South African citizens
  • The Property should be with Kwa-Zulu Natal (KZN)
  • Earn a salary of R6 000 and above
  • Earn a salary of R3 500 and above for FLIP applications

Instalments and Fees

Monthly repayments are done through debit orders or employer deductions. This interest rate is prime-linked over the term of the loan

What Documents do I need?

  • SARS Information Letter Submission of all of the above at the time of completing your application will assist in speeding up the application process.
  • South African Green Bar-coded identity document
  • Latest payslip
  • 3 months bank statement
  • Proof of address not older than 3 months
  • Agreement of sale and/or approved building plans with builder's quotation

© Copyright 2017
Ithala is an Authorised Financial Services and Credit Provider
FSP License No. 17139 NCRCP No. 1559 Reg No. 2001/007427/30
Ithala SOC Limited is a wholly-owned subsidiary of Ithala Development Finance Corporation Limited