Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our calculations are only examples of how interest rates and fees can affect your repayments. The 30-year bond term option is subject to credit approval and available only to qualifying clients in line with our lending policies. Our transfer and bond cost calculations are also estimates.
Welcome to our new digital experience. For more services please go to
Welcome to our new digital experience. For more services please go to nedbank.co.za
- Learn
- Calculate
- Find
- Finance
Let your vision become reality
It's simple. We'll manage the funds, so that you can focus on getting things done.
For your convenience
Use our Home-buying Toolkit online or on the Money app to get pre-approval, apply for a loan, search for land and download property reports. It's like having your very own project manager, in your pocket.
When is a building loan right for you?
Building a new home
If you're planning to build a new home from the ground up, you may need to apply for a building loan to finance the construction costs.
Major renovations
If you're undertaking extensive renovations (for example, enlarging your kitchen, or adding a new bedroom or office), a building home might just help you stay on top of the costs.
Fix-and-flip projects
Are you purchasing a property with the intention of renovating and reselling for profit? A building loan can help you speed up the process.
What's in it for me?
A building loan can benefit you in the following ways - best of all, being the peace of mind of knowing that you have the support you need to bring your dream home to life.
Quick financing
Once your loan is approved, we'll ensure that you have access to funds in a timely manner, so that you can complete your project or renovation without having to extend the period of construction, which can be frustrating if you already live on the property.
No stressing about the admin
We'll take care of all payments to the contractor (subject to your approval) for the duration of the project. The final payment will only be released once we have your confirmation that the work is done.
Interest-only payments
To help reduce the financial burden while the construction is taking place, you'll only need to pay off the interest on your building loan until the work is done.
How building loans work
With your permission, we’ll pay the contractors directly on your behalf once they have started working.
You pay only the interest while the construction is taking place. If you have an existing loan and are renovating, you’ll continue to pay your existing loan plus interest on the building loan.
You’ll only start paying the full monthly instalment once the construction has been completed and final payment has been made to the builder.
Learn more about buying property
See allReady to apply? See how much you can afford
Use calculatorBefore you apply, use our calculator to see if you can afford the repayments.
- Affordability
- Bond repayment
- Bond and transfer costs
Your final approved home loan will be based on your monthly income and expenses
Total monthly gross income
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Calculate how much you spend on your monthly expenses.
Please add what you spend, where applicable.
Household expenses
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Utilities
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Credit and loan repayments
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Health and insurance
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Phone and data
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Education
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The amount you spend monthly
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| cond | condValue | debtBuffer | expenseBuffer | debtStress | expenseStress | surplusBuffer |
|---|---|---|---|---|---|---|
| LESS_THAN_EQUAL_TO | 10000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 15000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 20000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 25000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 30000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 40000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 45000 | 0 | 0 | 0 | 0 | 0.7 |
| LESS_THAN_EQUAL_TO | 50000 | 0 | 0 | 0 | 0 | 0.7 |
| GREATER_THAN | 50000 | 0 | 0 | 0 | 0 | 0.7 |
| cond | condValue | minMFixedAmount | minPercentage | bandMMinimum |
|---|---|---|---|---|
| LESS_THAN_EQUAL_TO | 800 | 0 | 1 | 0 |
| LESS_THAN_EQUAL_TO | 6250 | 800 | 0.0675 | 800.01 |
| LESS_THAN_EQUAL_TO | 25000 | 1541.67 | 0.09 | 6250.01 |
| LESS_THAN_EQUAL_TO | 50000 | 3375 | 0.082 | 25000.01 |
| GREATER_THAN | 50000 | 5425 | 0.0675 | 50000.01 |
Your monthly repayments will be based on your home loan amount and repayment term
Purchase price*
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Deposit (optional)*
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The interest rate is based on the current prime lending rate in South Africa. Please note that your interest rate will be based on factors such as your credit score and the size of your deposit.
Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our calculations are only examples of how interest rates and fees can affect your repayments. The 30-year bond term option is subject to credit approval and available only to qualifying clients in line with our lending policies. Our transfer and bond cost calculations are also estimates.
Calculate your bond registration fees and transfer costs
Purchase price*
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Deposit (optional)*
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R0.00
Deposit
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Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our calculations are only examples of how interest rates and fees can affect your repayments. The 30-year bond term option is subject to credit approval and available only to qualifying clients in line with our lending policies. Our transfer and bond cost calculations are also estimates.
What to consider when looking for a property
Explore our guideFind it. Fix it. Or build it from scratch?
No matter the size of your dream, your search for that perfect property for your needs, ends here.
Use our Home-Buying Toolkit
You have the option to search for vacant land, or a development in which an accredited builder will design your dream home for you from the ground up. Our Home-buying Toolkit also gives you easy access to property reports and pre-approval within minutes.
Factors to consider when taking up a building loan
The financing
Before you consider building, we recommend that you look at your monthly finances. You can use our affordability calculator or pre-approval tool to see how much you can afford to spend. This information will help you decide on a budget and the loan amount you’ll need to finance the project.
Architectural design
To ensure that everything goes smoothly with your project, it is advisable to complete your architectural designs and get approval from your municipality for the building of your new home or renovations to your existing home.
An accredited contractor
For your safety, you will need to ensure that your chosen contractor is registered with the National Home Builders Registration Council (NHBRC). This statutory body regulates the building of homes in South Africa to ensure sound practices and to protect consumers from unscrupulous builders. For more information, visit www.nhbrc.org.za.
The paperwork
To qualify for a building loan, you and the builder must have a written contract explaining what the builder is responsible for. Your application must also include a quote for the cost of construction, as well as the approved building plans. Your application will most likely include a sales agreement for the land where you plan to build your home.
Ready to start?
Explore solutionsBuilding or renovating?
We’ll make sure things go as planned. From getting finance to paying contractors − leave it all to us.
For the first-time home builder
You only build your first house once. That's why we've put together custom solutions to support you on this once in a lifetime journey.
Renewable energy finance
Get up to 110% on your building loan and use the extra 10% to cover the cost of your solar or other alternative energy solution.
Why choose Nedbank?
Preferential interest rates
Enjoy a preferential interest rate on your home loan if you bank with us, or switch your main bank account to Nedbank.
50% off your bond registration
We offer a special discount to clients who take up their home loan with us: pay only 50% of your bond registration fee.
Find out moreWhat your building loan process will look like
1. Check your affordability
Use our affordability calculator or pre-approval tool to see how much you can afford to spend.
2. Architectural designs
Complete your architectural designs and get approval from the municipality for your new building, or renovations to your existing home.
3. Hire builders
Hire an NHBRC approved building contractor and finalise the building plans and contract with your builder.
4. Submit application
Submit your online application and if anything is missing, we’ll let you know.
5. Application outcome
We’ll look at your affordability to see if you’ll be able to cover the monthly repayments on the loan amount you require.
6. Loan quotation and offer
After the credit and property assessment, we'll send you a building loan quotation, with an offer that you will need to accept if in agreement.
7. The legal stuff
After accepting the loan offer, we’ll appoint an attorney to assist with the conveyancing process. You’ll sign the necessary loan documents, pay the relevant attorney fees and thereafter the attorney will complete the conveyancing process by lodging your bond with the Deeds Office.
8. Congratulations!
The Deeds Office will complete the conveyancing process once they are satisfied. Once your bond has been registered at the Deeds Office, you become the official and legal owner of your land or home.
