What is the lending criteria for Non-Residents?

Non-residents purchasing property in South Africa and planning to finance a property are subject to all normal lending criteria and in addition to that the following Reserve Bank rules must be met:

Specific Requirements for Non-resident:

  • The home loan amount may not exceed 50% of the purchase price of the property.
  • The buyer must obtain consent from the Reserve Bank prior to the transaction being finalised. The application to the Reserve Bank can only be handled by an appointed dealer which includes the commercial banks.
  • Proof must be provided that the funds for the deposit emanate from the country of origin, which can be done by the attorneys involved in the property transfer.
  • A statement of foreign assets & liabilities must be made available.


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