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Apply for a pre-qualified home loan

Being pre-qualified for a home loan is a vital step as it will confirm the bond amount for which you will be able to qualify.

A pre-qualified home loan will give first time home buyers a good indication of what house they can afford.


This amount is not a guarantee from a Bank but rather a guideline to be used when house hunting.

There are two ways in which to apply for a pre-qualified home loan. You can go to the Banks directly, or use a mortgage originator. A mortgage originator will help you apply for a bond at multiple lenders, giving you the freedom to compare quotes, whereas your private bank will evaluate your existing relationship with them to determine your loan rate.

When applying you should have all the relevant information at hand:

  • Latest payslip
  • 3 Months' bank statements
  • Proof of identification
  • Other relevant documentation (check the relevant Bank regarding additional information which might be required)

Once your application has been approved, the Bank will issue you with a quote stating information pertaining to the pre-qualified loan. Cited on your pre-qualification will be the bond amount, the interest rate and the instalment amount. It is important to note that the final bond approval is subject to various factors such as the Bank’s property valuation and a signed Offer to Purchase.

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