Introducing the first and only shared-value home loan from Discovery Bank. Whether you're a first-time buyer or looking to upgrade, you'll enjoy a full ecosystem of benefits and tailor-made service that starts in minutes in your banking app. Plus, pay up to 1% less on your Discovery Bank Home Loan interest rate, when you manage your money well.
Ready to go home sweet home?
Unlock the Future of Home Loans. Now.
A personalised application process
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Get a dedicated consultant to manage your application and guide you through the process.
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Save up to 60% on bond attorney fees.
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Plus, until 30 June 2026, we'll cover 100% of your bond registration fee on the first R10 million of your home loan and get up to Ð5,000 if we can't beat your current rate.
Apply, Switch, Refinance - all in the app
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Get a preliminary offer in 5 minutes.
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Enjoy up to 100% financing for your home.
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Select repayments terms up to 30 years.
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Apply with up to 3 co-applicants.
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All in the Discovery Bank app.
Pay even less on your home loan
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Pay up to 1% less when you manage your money well and include your other Discovery products.
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Take comfort with home loan protection and protect your home with building and contents insurance, seamlessly activated as part of your home loan application.
Financial flexibility in a few taps
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Get flexible access to your prepaid home loan funds with a built-in access facility.
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Enjoy access to additional credit of R20,000 to R1,000,000 with a Revolving Credit Facility. Enjoy affordable repayments from as little as 2.5% of the outstanding balance, with flexible terms and only pay fees when you use it - directly in your banking app.
Read more about Discovery Bank Home Loans
Home loans 101
Discover more
Welcome Home with SA's first and only shared-value home loan
Whether you're a first-time buyer or looking to upgrade, enjoy a full home loan ecosystem of benefits and tailored services. Start in minutes in your Discovery Bank app, get a personalised interest rate, plus a further discount of up to 1%.
A guide to finding your dream home
Buying property is a big step. By defining your requirements, researching well, and carefully evaluating each option, you'll set yourself up for a satisfying investment. Here are tips from Discovery Bank on how to approach a property purchase.
What to look out for: the costs of buying a home in South Africa
Becoming a homeowner is fulfilling, but it requires diligent financial planning. This can help ensure that the property you buy is an investment that increases in value rather than a financial burden. Get pointers from Discovery Bank here.
Understanding property types and choosing the right fit for you
Do you know the difference between freehold, sectional title, and share-block properties? Each property type may impact decisions like whether you can have a pet, plant a garden, or run a business from home. Get the lowdown from Discovery Bank here.
Fees guide
| Account fees | |
|---|---|
| Once-off initiation fee | R6,037.50 |
| Monthly servicing fee | R69.00 |
| Transfer fees (New loan) |
|---|
| Payable to the transferring attorney (chosen by seller) for registering the property in client's name, calculated on a sliding scale related to the purchase price. |
| Transfer duties (New loan) |
| Paid to SARS, based on the property value. Properties under R1 million in value and properties purchased from a developer are exempt. |
| Bond registration fees (New loan, switch, refinance) |
| This is payable to the bond attorney who is responsible for registering the bond with the Deeds Office. |
| VAT for developers (New loan) |
| VAT is payable instead of transfer duty if purchasing from a developer. |
| Bond cancellation fees (Switch) |
| Payable to the bond cancellation attorney for cancelling an existing bond at the Deeds Office and arranging for client's title deeds to be delivered. |
| Additional attorney costs (New loan, switch, refinance) |
| Smaller variable costs including FICA fees, electronic instruction fees, and postage. |
| Initiation fees (New loan, switch, refinance) |
| Fee charged by a credit provider for processing a bond application. |
| Monthly fees (New loan, switch, refinance) |
| Credit providers charge a monthly fee for managing and administering the credit facility. Fees are defined in the NCA. |
Purchase. Protect. Power.
An ecosystem built to go beyond home loans.
Get a personalised interest rate, plus a further discount of up to 1% on your home loan
Join Discovery Bank with a transaction account, credit card or full banking suite, then simply apply for a home loan in the banking app.