Home loans
Owning and improving your home
in association with
Alexforbes has partnered with ooba to help you secure your dream home. Having helped more than one million people realise their dream of home ownership, ooba understands that buying and improving a home is daunting – especially if you are a first-time buyer.
Get the best deal on your home loan
Hundreds of homeowners have trusted ooba Home Loans with their dream of home ownership – that is why they are South Africa’s leading experts in home loans.
The service you get from ooba:
- assistance in completing one application form for multiple banks
- multiple home loan quotes from various banks to compare
- negotiate best interest rates and home loan terms on your behalf
- help secure a home loan without a deposit (where applicable)
Power your home with ooba solar
Transitioning to solar power is complicated. You know you need it. But where do you start?
What do you need? Who do you use? Can you trust them? Is it really that expensive? It’s confusing and overwhelming. We want to simplify that process for you.
That’s why we’ve partnered with ooba solar who appoints trusted, reliable, independent installers to make finding and funding your move to solar easy.
They handle the details, so you don’t have to. And they are with you every step of the way, answering your questions and helping you to make the right decision.
Let ooba solar help you…
- find the right solar system
- get vetted quotes
- secure finance for your solar project
Every step of the way until your lights are on.
Ranked #1 in financial services
Average rating of 4.82 from over 3 000 reviews
Simply the best
Simply the Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.
Tia J
Excellent Service
Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent, and they were professional and friendly.
Brice G
Bond Application
Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.
Brutana M
Great fast and easy process
Thanks Marlene & Jolandie @Montana office for a great service and a successful outcome.
Nandala M
Great Communication
Great service with quick responses and clear communication. Thanks to Patricia for the help!
Jon A
Talk to a home loan expert
The ooba team of experts has years of experience in helping South Africans to purchase their own homes. Speak to ooba today, they are here to help. We monitor service quality of all our providers and if you have any compliments or complaints about the experience with the service provider, please leave us your feedback.
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Log inBook a free solar assessment
We partnered with ooba to connect you with solar experts to help you assess your needs, source quotes and arrange finance.
Please verify that your data is correct and we will securely transfer your data to them in order to call you back.
You are under no obligation to accept any quote and there is no penalty for changing your mind.
We monitor service quality of all our providers and if you have any compliments or complaints about the experience with the service provider, please leave us your feedback.
Leave feedback
Please log in or create an account with Alexforbes to book a free solar assessment
Log inA bond originator can be very valuable to those looking to purchase their dream home, or invest in property, with a home loan. Their objective is to get you the best home loan deal by applying to multiple banks on your behalf, so you can compare which ones offer the best rates, terms and loan amount. Bond originators are paid a commission by the bank, so their service is free.
A prequalification gives you an accurate idea of what you can realistically afford, along with your credit score. This means you can shop for a home within the right price range, improving your chances of successfully qualifying for a home loan.
The key things to compare are the interest rate, loan term, and value of the loan compared to the value of the property.
If you are working on a tight monthly budget, you might want to consider fixing your interest rate to avoid fluctuating bond repayments. However, fixed rates are usually higher than variable rates, meaning you’ll have to pay more in interest over the term of the loan.
While there are a number of smaller costs to be aware of, your biggest expenses are transfer costs, transfer duties, and bond registration costs. Make sure to include these when calculating what you can afford.
Transfer costs are paid by the buyer of the property, to a conveyancing attorney who is appointed by the seller of the property. This is one of the additional costs incurred by the buyer, which also includes bond registration costs, rates and levies, and insurance.
Yes, the higher your deposit, the less risk you are for the bank. A higher deposit improves your chances of securing a more favourable interest rate on a home loan.
A home loan comparison service is completely free of charge to the home loan applicant. Once you’ve accepted the bank’s quote, and the bond has been registered, the bank pays the home loan comparison service, at no cost to you.
Yes, you can pay off your bond as quickly as you choose. If you have a bond of R1 million at a 10% interest rate over 20 years, making a once-off extra payment of R10 000 would reduce the term of the loan by close to seven months and reduce the total loan amount by just over R61 100.
Sales that fall through due to a bond not being approved generally do not see the deposit being lost. But the responsibility is on the buyer to read the offer to purchase carefully to make sure they’re familiar with the terms regarding their deposit.