Pre-qualification tells you, and every estate agent and seller you deal with, exactly what a bank is likely to lend you — before you've put in a single offer.
Pre-qualification is a preliminary assessment of your income, expenses and credit profile against the National Credit Act affordability guidelines that every South African bank applies. It gives you a realistic price range to shop within, and a document you can show sellers and estate agents to prove you're a serious, bankable buyer.
It is not the same as a full bond approval — that only happens once you've found a property and the bank has valued it — but it removes most of the guesswork and speeds up everything that follows.
Guideline estimate only, based on standard affordability rules. Each bank applies its own final criteria.
Answer three quick questions for an instant, informal read on your pre-qualification chances.
Income, expenses, and existing debt — takes about 10 minutes.
With your consent, we review your credit profile against bank criteria.
We get an indicative view from our banking partners on what you'd likely qualify for.
You receive a pre-qualification confirmation to use when making offers.
No. Pre-qualification is an indicative assessment based on your income and credit profile. Final approval only happens once you've found a specific property and the bank has completed its valuation and full underwriting.
A soft credit check has minimal impact. We'll always tell you before running any check that could affect your record.
Typically around 90 days, though this can vary by bank. If your search takes longer, we can refresh your assessment.
No. Pre-qualification through Mackenzie Bonds is completely free — our fee is only paid by the bank once a bond successfully registers.
Tell us a bit about yourself and a consultant will confirm your position with our banking partners.