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South Africa – Property Financing

Mortgages for Foreign Nationals in South Africa

Local banks and other lenders in South Africa do issue mortgages to foreign nationals. However, the eligibility criteria and conditions may vary depending on the lender and the specific circumstances of the foreign national.

Local Lenders in South Africa

Some of the local lenders that provide mortgages in South Africa are:

  • ABSA
  • Standard Bank
  • FNB
  • Nedbank
  • Capitec

Deposit Requirements in South Africa

The deposit required when buying a property in South Africa varies depending on the property price and the lender’s requirements. Typically, a deposit of 10-20% of the property value is required.


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Outstanding Debts in South Africa

New property owners are responsible for outstanding debts on the property in South Africa. This includes any outstanding bond payments, property taxes, or utility bills. Before purchasing a property, it is important to conduct a thorough search of the property’s debts and liabilities to ensure that you are aware of all financial obligations that come with the property.


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