Builders
Builders offers efficient do it yourself loans with flexible payment terms of up to 48 months. These financing options are suitable for customers who're planning a home upgrade or renovation for approximately R120 000. Once all your details happen to be submitted as well as your loan continues to be approved, you can expect 24 hour results.
Ithala
Ithala traditionally offered mortgage loans and banking services to black areas (townships and rural areas of Kwa-Zulu Natal) throughout the apartheid era. Nowadays the institution focuses on lower income groups.
Ithala has 51 branches across South Africa, using the majority of them located in the KZN area. Ithala strives to supply people with finance so that you can get their own homes in order to make some improvements on existing property.
Home Improvement Loans offered by Ithala are secured by a Company Guarantee or pledge of pension/provident fund benefits.
The repayment term is 12 to 240 months.
To qualify, you have to:
- Be permanently employed
- Salary or wage earner
- Earn an income of R3500 and above
- Be a member of the Pension/Provident Fund listed underneath the Financial Services Board
Direct Axis
Home Improvement Loans from Direct Axis can be found from R4000 to R150 000. Repayment terms are offered from 24 to 72 months.
One of the benefits is that repayments are fixed and you also get money inside your account, fast. There are no penalties for early settlement from the loan.
Real People
Real People assists clients with the purchase of bricks and cement, roofing material, plumbing material, doors and window frames, fencing, burglar gates and paint, etc.
The institution has partnered with Mica, Buco, Builders Warehouse, Build It etc to supply clients with simplified home improvement solutions.
Loans are available at least quantity of R1000 to a more R100 000 while repayment terms are positioned at a comfortable 48 months.
The application is fast and simple. Begin by completing a web-based form to check if you qualify. Should you qualify, visit any participating retail stores in your area to complete the application process.
Once you are approved for the loan, the cash pays directly to the store to pay for building or renovations.
