Get 0.65% off your Discovery Bank Home Loan interest

Buying a home is a big decision. And while finding the right property is important, so is finding a home loan that works for you.

From 1 October to 31 December 2026, qualifying Discovery Bank clients who apply for a new home can get an additional discount of 0.65% on their applicable bond interest rate for the first 12 months.

Remember, this is on top of Discovery Bank's existing home loan benefit, which offers a personalised interest rate and the opportunity to get a further discount of up to 1% when you manage your money well.

EXAMPLE: What could a guaranteed extra 0.65% mean (Plus up to 1% off)?

Say you take out a R2 million home loan and your applicable contract interest rate is 10%. An additional 0.65% discount would bring your rate down to 9.35% for the first 12 months. Plus, the further up to 1% you get could bring the rate down to 8.35%.

That could mean paying around R2133 less each month during your first year, or roughly R25,600 less over 12 months.

**This is an illustrative example based on a R2 million loan over 20 years, with repayments calculated monthly. Your actual rate, repayment and saving will depend on your individual circumstances and qualifying interest rate.

Who can qualify?

This special offer is available to qualifying Discovery Bank clients who are approved for a new home loan and meet the interest rate discount and campaign requirements. The main applicant must have an applicable Discovery Bank product, an active Vitality Money status and accounts in good standing. The usual home loan qualification criteria also apply.

Is this offer available for any home loan?

No, this campaign is specifically for new home purchases. Switch and refinance applications are excluded.

How do I apply?

You can apply for a home loan in the Discovery Bank app and get a preliminary offer in as little as five minutes. The normal home loan application process still applies, including credit assessment, loan-to-value requirements and supporting documentation.

When does the offer end?

The campaign runs until 31 December 2026. The qualifying home loan bond must be registered on or before 30 June 2027.

Ready to make your move?

If you're planning to buy a new home, don't just look at the property. Look at what your home loan could do for you, too. Read the terms and conditions for more information

Apply for a Discovery Bank Home Loan and see what you could qualify for.

This article is meant only as information and should not be taken as financial advice. For tailored advice, please contact your financial adviser.

Discovery Bank Ltd. Auth FSP 48657. Limits, Ts & Cs apply. Rewards based on your engagement in Vitality programmes, Discovery products, and monthly qualifying card spend. Credit initiation and service fees may apply. Subject to credit approval.

The additional interest-rate discount is subject to eligibility criteria and the full campaign terms and conditions.