For millions of South Africans, owning their dream homes is now just a few taps away. Whether stepping onto the property ladder for the first time or seeking the best home loan deal, a new MTN MoMo App offers instant access to competitive rates and pre-approved home loans, making buying a home smarter and faster than ever.
“At MTN, we have always believed that MoMo, which focuses on driving financial inclusion by addressing the lack of traditional banking services, particularly in underserved areas, could play a greater role in people’s lives. The development of the MTN MoMo offering, powered by Mortgage Market, is a step towards achieving this objective,” says Kagiso Mothibi, CEO of MTN Fintech South Africa.
MoMo is now a game-changer for homebuyers. With just a few taps on a mobile phone, seven banks and their home loan offerings are displayed, giving potential homebuyers an instant view of what is available and what they are pre-approved for, making the home-buying process faster.
What this means, says Mothibi, is that MTN’s MoMo cuts through the red tape and the days of anxious waiting previously needed to secure a home loan. Buyers can now:
- Get approved for a home loan in less than two minutes.
- Receive and compare home loan offers.
- Select the offer that fits your budget.
- Qualify for an up to R5,000 cash boost in your bank account, as soon as your bond is registered.
“Now is the right time to enter the property market,” says Mothibi.
“With interest rates expected to come down and house prices rising slowly – just 2.2% year-on-year, it’s a smart time to buy, and more first-time buyers are entering the market than ever before.”
According to Mortgage Market’s latest homebuyer statistics, 55% of all home loans in early 2025 were taken out by first-time buyers. Bond applications have increased by 23%, indicating renewed confidence in the property market.
“MoMo is now about more than payments; it’s about creating opportunities, personal control, and the chance to play its role in beginning your journey to home ownership and building a future legacy,” concludes Mothibi.
For more information, visit www.mtnmomo.co.za/
