• What you get

    How it works
    • Get up to 105% finance if you are a first time home owner who is purchasing or building a residential property
    • Purchase a property or plot
    • Build or renovate a house of your choice
    • Release equity based on the value of your property
    • Switch your existing bond to Absa at competitive terms
    • Maximum repayment period of 25 years (linked to retirement age)
    • Value added services available at various merchant partners
       

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  • Multi-residential property loan

    Multi-residential property

    Multi-residential property finance offers you the opportunity to apply for a home loan tailored to your unique needs, whether it's buying a new home, building, refinancing, or expanding your investment. This is a classification of housing where multiple separate self-contained units for residents are contained within one building or several buildings within one complex. The bank will assess the applicant based on salary and existing rental income only. The financing options that are available under the product are Equity Release, Refinance, Purchase and Construction.

    What you need to know
    • Maximum loan amount P5,000,000.00
    • Maximum loan tenor 240 months/ 20 years
    • Minimum of 3 units will qualify for assessment
    • Rentals to be collected in Absa current/savings account
    • Multi-residential land use to be clearly indicated on the title deed
    • 2 valuation reports will be considered
    • Loan to value(LTV) ratio: 75% for Purchase, 70% Construction and 60% Equity Release/Refinance
    • Minimum of 3 rent collecting units will qualify for assessments
    The areas financed are limited to the following locations
    • Southern Area: Gaborone, Tlokweng, Gaborone-North, Phakalane, Mogoditshane, Mmopane Block 1, Gabane Block 1, Oodi, Mokolodi, Ruretse, Notwane and Modipane
    • North: Francistown and Tati
    • Central Area: Palapye and Mahalapye
       

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  • Requirements

    What is required to apply
    • Arrangement fee is applied
    • A minimum occupancy level of 70% is expected
    • Structural report will be required for all applications
    • For purchases loan, customers should provide 3 months rental collection evidence from seller
    • Mandatory insurance policies: homeowners, credit life and retrenchment cover (retrenchment cover is optional for government employees only)
    • Scheme lending letter (issued by HR department)

  • What to bring when you apply

    Documents to bring to the branch when you apply
    • Copy of title deed
    • Approved plans, bill of quantities and quotation (building loan)
    • Offer letter from seller
    • Valuation report
    • Completed application form
    • Current payslip
    • Salary account with Absa Bank or three months bank statements from your current bank
    • Valid Omang
    • For non – citizens; passport, valid work and residence permit
    • Confirmation of employment
    • Confirmation of physical address
    • Copy of your contract if you are employed on a contract basis
    • Marriage certificate if you are married, and consent from your spouse where it applies
    • Form A if you are married out of community of property
    • Credit Life is compulsory
    • Balances of all loans and credit cards

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Home maintenance and repair

We are always looking for ways to help you get things done. Subscribe to our home repair and maintenance solution in partnership with Home Assist Botswana and be rest assured that your property maintenance is always taken care of.

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Calculate what your loan repayment would be

With our easy-to-use online calculator, you can work out what your monthly repayment would be and the amount you can afford to borrow without breaking the bank. You will also be able to choose what repayment option would be best for your budget.

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This interest rate is for demonstration purposes only.
It is not a reflection of the actual rate you will receive on your loan.
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Gross Monthly Income is computed by adding your Basic Salary to 70% of your other average monthly income earned over the last 12 months

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Your monthly mortgage repayment will be:

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You can afford a home loan of:

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Facility Fee:

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Valuation Fees (aprox):

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Disclaimer: The instalment amount shown is based on the loan product and term selected by you and is provided for illustration purposes only. Absa does not guarantee approval of any loan product or warrants in any way that the illustration and calculation is accurate or complete. Absa will not be liable in any way or form for reliance on or use of this calculator. The monthly instalment shown includes interest, initiation fees, service fees and credit life insurance (calculated as a portion of the principal debt at inception).

Need more help?

Call our mortgage advisors on: 
+267 3633978
+267 3634023

Call us on:
+2673159575 (Contact centre)
0800 600 444 (BTC Toll Free)
150 (Mascom Toll Free)

Chat to Abby on WhatsApp:
+267 76 644 404

Email us:
Botswana.CustomerService@absa.africa