Home Loan Switch Calculator
Find out exactly how much you save by switching your bond to a different South African bank. Enter your current loan details, pick a target bank, and get an instant switch verdict.
🏦 Your Current Home Loan
Standard Bank: ± Prime
20 years remaining
🏠 Target Bank (Switch To)
Tyme Bank: Prime − 0.5%
20 years
💸 Estimated Switching Costs
Pre-filled with typical SA figures. Edit if you have real quotes.
Charged by current bank + 90-day interest notice
NCA max R6,090 incl. VAT
Attorney + deeds fees (auto-estimated if blank)
Results update automatically as you type
Should You Switch?
YES
Strong case to switch. Break-even is month 96 and total net saving is R 59 629.
Monthly Saving
R 413,41
/month
Interest Saved
R 99 219
total
Switching Cost
R 39 590
one-off
Break-even
Month 96
Aug 2034
Net Saving After All Costs
R 59 629
Interest saved minus total switching cost
Rate Comparison
11.75%
Standard Bank
save
−0.50%
p.a.
11.25%
Tyme Bank
Get this switch done — free assistance
Finance EzyFind connects you with accredited bond originators who manage the switch at no cost to you. They negotiate directly with all 7 banks.
Current vs New Bank — Full Comparison
| Metric | 🔵 Standard Bank (Current) | 🟡 Tyme Bank (New) | Saving / Difference |
|---|---|---|---|
| Interest Rate | 11.75% | 11.25% | −0.50% |
| Monthly Payment | R 13 004,48 | R 12 591,07 | −R 413,41/mo |
| Outstanding Balance | R 1 200 000 | R 1 200 000 | — |
| Remaining Term | 240 months | 240 months | 0 months |
| Total Interest | R 1 921 076 | R 1 821 857 | R 99 219 |
| Total Repayment | R 3 121 076 | R 3 021 857 | R 99 219 |
| Debt-Free Date | Aug 2046 | Aug 2046 | — |
| Switching Cost | — | R 39 590 | Break-even: Month 96 |
| Net Saving (after costs) | — | — | R 59 629 |
SA Home Loan Rates — Bank Comparison 2026
Indicative base rates. Your actual rate depends on credit score, deposit (LTV), and income. SA Prime = 11.75%.
| Bank | Indicative Rate | Prime Spread | Monthly on R1M / 20yr | Key Features |
|---|---|---|---|---|
| 🔵 Standard Bank | 11.75% | ± Prime | R 10 837,07 | HomeOwners ProtectionAccessBond facilityFlexi Reserve |
| 🟢 FNB | 11.75% | ± Prime | R 10 837,07 | eBucks rewards on bondSmart BondFlexi option |
| 🟩 Nedbank | 11.75% | ± Prime | R 10 837,07 | NedRevolve access bondHomeSaveGreenbacks rewards |
| 🔴 ABSA | 11.75% | ± Prime | R 10 837,07 | MyHomeFlexiReserveABSA Rewards integration |
| 🟡 Tyme Bank | 11.25% | Prime − 0.5% | R 10 492,56 | Digital-firstCompetitive pricingGrowing home loan book |
| 💜 Capitec | 12.00% | Prime + 0.25% | R 11 010,86 | Simple structureLinked to Capitec accountGrowing home loan offering |
| ⚫ Bank Zero | 11.50% | Prime − 0.25% | R 10 664,30 | No monthly fees on accountCompetitive ratesDigital bank |
* Rates are indicative as at August 2026 and change with SARB repo rate decisions. Actual rate is subject to credit assessment. Submit an RFQ for a current binding offer.
How to Switch Your Home Loan in South Africa
Step-by-step process. A bond originator manages steps 2–7 at no cost to you.
Calculate Your Saving
Use this calculator to confirm switching makes financial sense. Identify the rate saving, monthly saving, break-even month, and net saving over your remaining term.
Negotiate With Current Bank
Contact your bank's retention team with a competing offer. Banks often reduce your rate by 0.25–0.5% to keep your business — with zero switching costs.
Apply at the New Bank
Submit your application (ID, payslips, 3 months bank statements, property details). The new bank conducts an affordability assessment and property valuation.
Receive Approval & Accept
Once approved, review the formal offer (rate, term, fees). Accept in writing. The new bank's attorney will manage the bond registration process.
Conveyancing Process
A conveyancing attorney registers the new bond and cancels the old one at the Deeds Office. This takes 2–6 weeks. Give your current bank 90-day cancellation notice.
Sign & Register
Sign the new bond documents. Registration at the Deeds Office is confirmed and the new bank pays out to settle the old bond. Your new repayment starts.
Start Saving
Your new, lower monthly payment begins. Consider paying the old (higher) amount to pay off the bond faster and save even more interest.
Fast Track: Use Finance EzyFind
Finance EzyFind submits your switch application to all major SA banks simultaneously and negotiates on your behalf — free of charge. One form, multiple offers.
When Should You Switch Your Home Loan?
✅ Switch Is Worth It When...
- ✔Rate saving is 0.5% or more
- ✔You have at least 7–10 years remaining on your bond
- ✔Break-even month is less than 40% of your remaining term
- ✔Net saving after all costs is positive by a meaningful margin
- ✔Your credit score has improved since you took the bond
- ✔Property value has increased significantly (lower LTV improves your rate)
- ✔You want to restructure the term (shorten or extend)
- ✔New bank offers a better access bond or flexi-reserve facility
❌ Don't Switch When...
- ✗Less than 3–5 years remaining on your bond
- ✗Rate saving is less than 0.25%
- ✗Break-even month is beyond 60% of your remaining term
- ✗Your credit score has worsened — you may not get a better rate
- ✗You are planning to sell within 2 years
- ✗You are in debt review or have recent adverse listings
- ✗Your income has decreased significantly since taking the bond
- ✗The new bank extends your term significantly (costs more long-term)
Understanding Home Loan Switching Costs
Bond Cancellation Fee
R1,500 – R5,000
Charged by your current bank when you cancel the bond. Also note the 90-day notice requirement — if you don't give 90 days notice, the bank charges interest for the full 90 days on the outstanding balance (this can be thousands of rands on a large bond).
New Bond Initiation Fee
Up to R6,090 incl. VAT
Charged by the new bank to register the new bond. The NCA caps this at R1,207.50 × LTV ratio, with a maximum of R6,090 incl. VAT. Some banks waive this fee as part of a switching promotion.
Bond Registration Attorney Fees
R18,000 – R45,000
The conveyancing attorney charges fees to register the new bond and cancel the old one at the Deeds Office. These are government-regulated on a sliding scale based on the bond amount. This is typically the largest switching cost.
Property Valuation
R2,000 – R5,000
The new bank requires an independent property valuation to confirm the LTV ratio. Many banks cover this cost during switch promotions. Confirm whether the new bank charges for this.
Deeds Office Transfer Fees
R500 – R2,000
Government charges for updating the Deeds Registry. Included in the attorney's registration fee estimate. No additional payment is usually required by the borrower.
How to Reduce Costs
Negotiate
Ask the new bank to cover initiation fees, the valuation, and part of the attorney fees as a switching incentive. In a competitive market, banks often absorb R8,000–R15,000 in costs to win your account. A bond originator negotiates this on your behalf.
Home Loan Switch FAQ
How do I switch my home loan to another bank in South Africa?
What does it cost to switch my home loan?
Which SA bank has the lowest home loan rate in 2026?
Should I negotiate with my current bank before switching?
What happens to my access bond if I switch?
Can I extend my bond term when switching?
What does Finance EzyFind charge to assist with a bond switch?
Related Calculators
Use these alongside the switch calculator to plan your full home loan strategy
Ready to Switch Your Home Loan?
Finance EzyFind connects you with NCR-registered bond originators who submit to all 7 major SA banks and negotiate the best rate on your behalf.
Free service · No obligation · Covers Standard Bank, FNB, Nedbank, ABSA, Tyme Bank, Capitec & Bank Zero
Regulated by the NCR · POPIA compliant · No credit check to enquire
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