Housing Loans
Housing Loans through iMas Finance.
We provide Pension-Backed Loans through iMas. With competitive rates and flexible terms, now your dream home is within reach.
How it works
We provide Pension-Backed Loans through iMas. The loans are subject to approval by the credit provider and must be used for housing purposes.
What is a Pension-Backed Loan?
A Pension-Backed Loan is a Home Loan dependent on an agreement between both the employer and the Provident Fund.
A Pension Backed Loan is a loan where your Provident Fund is used as security to:
- Buy vacant land
- Build a new house
- Renovate your house
- Use as a deposit or bond registration fee
Housing Loans through iMas Finance
- The loans must be settled by normal retirement age, as per the Fund rules.
- Credit life insurance covers you for temporary and permanent disability, death, and retrenchment cover. Ensuring that your family is secure in the event of unforeseen circumstances.
- Offer to Purchase (OTP)
- Income tax statement/IRP5 document
- I.D or smart card copy
- Proof of residential address (e.g. Municipal or rates bill)
- The members latest 3 (three) months payslips or bank statement