When most people think about a home loan, they only think about debt — a long-term commitment to repay the bank. But what if we told you that your home loan could be your most powerful savings tool and also your cheapest source of credit?
Welcome to the world of access bonds (also known as access facilities). If you have a home loan in South Africa — or plan to get one — understanding how an access facility works can put you in a far better financial position in the long run.
What Is an Access Facility?
An access facility allows you to deposit extra money into your home loan and then withdraw it later when you need it. In essence, you’re saving money into your bond — and reducing your interest in the process — but still have the flexibility to access those funds later.
This is different from just paying off your loan faster. With an access facility, you’re in control: pay more when you can, withdraw when you need
Why It’s the Smartest Way to Save
You Earn More by Paying Less
You’re Still Liquid
Tax-Free ‘Returns’
Why It’s the Best & Cheapest Credit Option
Borrow from Yourself, Not the Bank
Lowest Interest Rate
No Additional Fees
Long-Term Financial Flexibility
How to Get an Access Facility
Not all lenders can offer an access facility for your home loan, but most of the retails banks can – ABSA, FNB, Nedbank, Std Bank, Investec and RMB. Not all bonds come with one by default — you usually need to request it at application, or apply for it later. Some banks may charge a small admin fee to activate the feature, but it’s well worth the long-term benefits.
Speak to your bond originator or banker to find out if you have one — or how to activate it.
Access Facility as the Savings Norm
An access facility turns your home loan from a passive debt into a dynamic financial tool. You save more. You pay less. You gain flexibility. It’s a smart strategy for savvy homeowners who want to take control of their finances.
So next time you have extra cash, think twice before putting it in a savings account. Your bond might just be the best “bank” you’ve got.
Use a reputable mortgage broker
By using a broker, you can access multiple offers simultaneously and negotiate on fees and interest rates so you can have the confidence knowing you received the best deal in the market at the time.
Phoenix Bonds is a premium mortgage broker in South Africa, with a proven track record (check out the reviews on Google). For expert advice and personalised service, fill in your details HERE and one of our experienced Consultants will be in touch.
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