Deposit Calculator
Plan your deposit savings timeline and required upfront costs.
Deposit Calculator
Results update automatically as you type.
Your estimate
Deposit required
R 200 000
Still need to save
R 120 000
Transfer duty
R 33 786
Transfer costs (estimate)
R 27 650
Total upfront costs
Deposit + transfer duty + transfer costs
R 261 436
Planning your property deposit
Most South African banks require a deposit when financing a property, especially for higher loan-to-value ratios. A larger deposit reduces your loan amount, monthly repayment, and total interest.
First-time buyers may qualify for 100% bonds in some cases, but saving a deposit improves approval chances and negotiating power on interest rates.
Beyond the deposit, budget for transfer duty, bond registration, legal fees, and moving costs — typically 8–12% of the purchase price in total upfront costs.
Frequently asked questions
How much deposit do I need?+
Requirements vary by bank and profile. Many buyers aim for 10–20% of the purchase price, though 100% bonds are sometimes available.
Can I use my pension to fund a deposit?+
Generally no for residential purchases. Some retirement products allow limited access under specific conditions — consult a financial adviser.
Do I need cash for transfer costs too?+
Yes. Transfer duty, attorney fees, and bond registration are usually paid in cash and cannot be added to the home loan.
Related calculators
Explore other tools that may help with your decision.
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Estimate SARS transfer duty on your property purchase based on current brackets.
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