Home Loan Refinancing in South Africa
If your rate no longer reflects your credit profile, or your property has grown in value, refinancing can lower your repayment or unlock cash. Gateway compares refinancing and equity-release options across participating South African banks.
Switch to a Better Interest Rate
A rate switch can save a meaningful amount over a 20-year bond. Gateway re-presents your current profile to participating lenders so you can see whether a better rate is available before you commit to switching costs.
- Compare your current rate against fresh bank offers
- Weigh new bond registration costs against monthly savings
- Shorten your term instead of reducing the instalment
- Consolidate expensive short-term debt where it makes sense
Release the Equity in Your Property
Equity is the difference between your property's market value and your outstanding bond. A further advance or refinance can release that equity for renovations, a deposit on the next property or other financial goals — without selling.
- Access equity without selling your property
- Fund renovations, investment deposits or other goals
- Refinance investment properties as well as your home
- Property valuation and affordability reassessment required
When Refinancing Makes Sense
Refinancing works best when the interest saving or the use of released equity outweighs the switching costs. Your specialist runs the numbers with you before you apply.
Get Your Free Home Loan Pre-Approval
One online application, compared across leading South African banks, with an experienced mortgage specialist guiding you from pre-approval to registration.
Start my free pre-approvalHome Loan Refinancing FAQs
Can I refinance my existing home loan?
Yes. You can refinance with your current bank or move your bond to another lender. Gateway compares offers so you can see whether switching is worth the registration costs.
How do I access the equity in my property?
Through a further advance on your existing bond or a refinance to a higher loan amount, subject to a valuation and an affordability assessment.
What does it cost to switch my bond?
Expect new bond registration and attorney fees, and possibly a cancellation penalty if you do not give your existing bank 90 days' notice. Your specialist quantifies these up front.