Government Employee Bond Calculator
Calculate your bond repayment factoring in the GEHS Housing Allowance and Persal deductions.
Government Housing Glossary
- GEHS (Housing Scheme)
- The Government Employees Housing Scheme is a benefit program designed to help public service employees (G EPF members) access affordable home finance and housing subsidies.
- Housing Allowance
- A monthly non-pensionable allowance. For homeowners, this is mandatory to be used towards your bond. For tenants, it is paid into a savings facility (ILSF) until you buy a home.
- Persal Stop Order
- A deduction code that takes the bond repayment directly from your government salary before it is paid to you. Banks prefer this security and may offer rate discounts for it.
- Enrolment
- You must be officially enrolled in GEHS to receive the allowance. If you resign, the allowance stops immediately, increasing your "out of pocket" bond repayment.
GEHS & Bond Questions
How does the GEHS Housing Allowance work?
If you own the property and live in it, the Housing Allowance (approx. R1,600+ monthly, adjusted annually) is paid directly to you or into your bond. This effectively reduces your 'out of pocket' monthly repayment.
Do government employees get better interest rates?
Often, yes. Because your bond repayment is deducted directly from your salary via Persal (Stop Order) before it hits your bank account, the risk to the bank is lower. This can help you negotiate a lower interest rate.
Can I use my GEHS allowance to qualify for a bigger bond?
Yes. Banks include the Housing Allowance as part of your gross income when calculating affordability, which boosts the maximum loan amount you qualify for.
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- Official Amortization Schedule
- Tax Certificate Format