Home ownership in South Africa stands at a high rate of 62 percent. The growing African middle-class is increasingly investing in real estate. This figure is an indication of the amount of people who possibly need finance to improve on aspects of their property. Real People Loans offers individuals simple finance solutions from R1000 to R100 000. Clients can use the loan to finance building materials for home renovations. Purchases of materials such as lighting fittings, carpets and blinds are made easier through Real People Loans.
An added benefit is Real People’s agreements with leading home improvement retail stores countrywide, so clients can choose where they want to purchase their homebuilding materials or goods for building, renovating or home improvements. Individuals who earn a minimum of R2000 per month are eligible for application. In addition, a valid South African I.D. or drivers licence and most recent payslip need to be presented upon application. Self-employed applicants are required to produce 3 months’ bank statements. Individuals need to get to a store to apply, or send an SMS to 44153 and a consultant will call back. Real People Loans give clients 48 months to repay the loan and credit life insurance is included.
If you qualify for the loan, the money is paid directly to the store to pay for your building or renovation materials or goods, and you pay your loan back to Real People.
For a loan to help build, renovate or improve your home the way you want, speak to one of Real People’s friendly, trained consultants.