Document requirements
What the banks will ask for, by purchaser type.
The paperwork behind a home loan changes completely depending on how you earn and what entity is buying. Each guide below lists the documents a South African bank will expect, plus the details that most often hold applications up.
Full-time employed applicants
The most straightforward application. Banks assess your payslips and account conduct, so consistency across the three months you submit matters more than anything else.
4 documentsBusiness owners and sole proprietorsSelf-employed applicants
Self-employed applications are declined far more often for presentation than for affordability. Your auditor's letters and financials must tell one consistent income story.
10 documentsProperty-owning companies and CCsApplications in a company name
When the buyer is a company, banks underwrite both the entity and the directors behind it. Expect to prove business cash flow and personal strength side by side.
10 documentsFamily and property trustsApplications in a trust name
Trust purchases hinge on authority: the bank needs to see who may bind the trust, and who benefits from it, before it looks at income at all.
6 documentsBuyers building from the ground upBuilding loan applications
A building loan is granted against approved plans and a compliant builder, not against a finished house. Getting the documentation right up front keeps your draws on schedule.
7 documents