When Do You Start Paying Your Bond?
At Secubond, we know this can be a bit confusing, so let’s break it down in simple terms.
As a homebuyer in South Africa, one of the most common questions is:
“When do I start paying my bond?”
At Secubond, we know this can be a bit confusing, so let’s break it down in simple terms:
Bond Payments Begin After Registration
You only start paying your home loan after the property has officially been registered in your name at the Deeds Office.
This registration process can take a few weeks after your bond has been approved and signed, depending on how quickly the attorneys process all documents.
What About the Time Before That?
Before registration, you won’t be paying your bond yet, but there may be other costs:
- Initiation fees
- Attorney fees
- Deposit (if applicable)
- Occupational rent (only if you move in before the property registers)
It’s important to plan for these upfront costs, as they are separate from your monthly bond repayment.
What Date Will My First Bond Payment Go Off?
Your first bond payment usually goes off at the end of the month following registration.
For example:
If your bond registers on 10 June, your first payment will be due by 31 July.
This gives you a little breathing room — but remember, interest starts accumulating from the day the bond is registered.
In Summary
You only start paying your bond after registration is complete.
Your first debit order usually goes off at month-end after registration.
Plan ahead for upfront costs like legal fees or a deposit.
Once registered, interest on the loan kicks in — even before your first payment is due.
Need help understanding your bond timeline or checking if you qualify for a home loan?
Secubond is here to guide you every step of the way.
Contact us today — we make home finance simple.
Disclaimer:
Payment timelines can vary slightly depending on your bank. Always confirm dates with your bond attorney or lender.