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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.
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Let your vision become reality
It's easy. We'll manage the money so that you can focus on getting things done.
Use our Home-buying Toolkit
For anytime, anywhere convenience, our Home-buying Toolkit is the perfect, all-in-one solution to help you search for properties, download free reports, get pre-approval and apply for a loan.
When is a building loan right for you?
Building a new home
If you're planning to build a new home, 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 loan might just help you stay on top of the costs.
Fix-and-flip projects
Are you buying a property to renovate, and resell for a 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 has been approved, we'll make sure that you have access to money in a timely manner so that you can complete your project or renovation without having to extend the construction period, which can be frustrating if you already live on the property.
No stressing about the admin
We'll take care of all the payments to the contractor (with your approval) for as long as the project takes. The final payment will be released only once we have your confirmation that the work is done.
Interest-only payments
To help lighten 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 under way. 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 start paying the full monthly instalment only 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
Tell us how much you earn and we'll give you an estimated loan amount.
Your monthly gross income
R
Total monthly expenses
R
- 60
- 120
- 180
- 240
- 300
- 360
R0
R0
R0
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.
Calculate how much you spend on your monthly expenses
Please add what you spend, where applicable.
Household expenses
R
Utilities
R
Credit and loan repayments
R
Health and insurance
R
Entertainment
R
Phone and data
R
Education
R
Travel
R
Additional expense
Remove 
Expense type
The amount you spend monthly
R
Add additional expense
R0
| 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
R
Deposit (optional)
R
- 60
- 120
- 180
- 240
- 300
- 360
R0.00
R0.00
R0.00
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 and transfer costs.
Purchase price
R
Deposit (optional)
R
R0.00
Deposit
R0.00
Disclaimer: Although we do our best to give you accurate calculations, they will not be binding on us. Our transfer and bond cost calculations are also estimates. If you are planning to buy property in a new development, some costs may be included in the price. Ask the seller or estate agent for the details of these costs, or check your sales agreement.
What to consider when looking for property or land
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 you take 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 make sure that everything goes smoothly with your project, it is a good idea 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 must make sure that the contractor you choose is registered with the National Home Builders Registration Council (NHBRC). This statutory body regulates the building of homes in South Africa to make sure that sound practices are used, and to protect consumers from untrustworthy builders. For more information, visit 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 homebuilder
You build your first house only once. That's why we've designed solutions to support you on this once-in-a-lifetime journey.
Renewable energy finance
Get up to 110% fianncing 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.
Learn more
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 attorney 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 your application
Submit application your online, 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 need.
6. Loan quotation and offer
After the credit and property assessment, we'll send you a building loan quotation with an offer that you must accept if you agree..
7. The legal stuff
After you have accepted the loan offer, we’ll appoint an attorney to help with the conveyancing process. You’ll sign the necessary loan documents, and pay the relevant attorney fees. The attorney will then complete the conveyancing process by lodging your bond with the deeds office.
8. Congratulations!
If the deeds office is satisfied, your bond will be registered and you'll become the legal owner of your land, and your builder may begin with your building project.