South Africans turn to 30-year home loans

Chante Ho Hip

Chante Ho Hip

8 December 2025 | 11:15

Bond originator Gerrie Vorster explains that, because most South Africans sell their homes within seven to 10 years, the 30-year deal may not be as daunting as it seems.

South Africans turn to 30-year home loans

Home owner, insurance, property. Image: Tumisu on Pixabay

Thirty-year home loans are gaining momentum, making homeownership and property investments more accessible, says real estate agent Cobus du Preez. 

“That means your tenant is paying off all or more than a majority of that repayment to the bank, you are cashflow positive much quicker, and also, over time, get a better return on equity."

Vorster highlights the advantage of homeowners paying more when their financial situation improves.

“Doing that allows you to repay the bond much faster than the 30-year term that you initially signed up for,” he says.

Once your home loan is paid up, don’t rush to close the account, Vorster recommends.

“Keeping a bond account open is always a good idea for emergencies. You have an accident, and there is a major excess, and you now need an extra R20,000 that is not lying around. You can access that through your facility on your home loan and over time repay that."

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