THERE IS ALWAYS ROOM FOR IMPROVEMENT WITH RISIMA HOUSING FINANACE CORPORATION
INCREMENTAL HOUSING LOAN
OUR PRODUCTS
RURAL HOUSING LOAN
THERE IS ALWAYS ROOM FOR IMPROVEMENT WITH RISIMA HOUSING FINANACE CORPORATION
A home loan charged at prime plus 1% interest rate across the board.
Benefits of an interest linked to prime lending rate home loan:
- Use Permission to Occupy (PTO)
- Personalised application process
- Interest rate is interest linked to prime lending rate throughout the term of the loan.
- Flexible term up to 30 years.
- Switch to Risima Housing Finance and benefit from low interest rate.
- Access surplus funds on the value of your property through property equity funding.
- In-house insurance options available through AON Limpopo and New Era.
Terms and conditions apply to all products. The availability of lending products is subject to our credit policy as amended from time to time.
Are you a full time employee of the Limpopo Provincial government? Risima have special home finance options for you.
Risima has entered into a partnership with DPSA to provide tageted home finance opportunities to goverment employees who fall within the GAP market.
This product is offered through Government Emplyees Housing Scheme(GEHS) for which Risima Housing Finance is home loan finance partner.
To use the GEHS services, government employees must enroll here: (GEHS link)
Risima Housing offers targeted home loan package to government employees who would like to obtain a mortgage loan -or switch their current bond -On residential properties that have a little deed registered at the Deeds office. For more information please call us on (015) 633 4700 Terms and conditions apply to all products. The availability of lending products is subject to our credit policy as amended from time to time.
Risima is appointed as an Implementing Agent for the GEHS in Limpopo Province. Government employees, who would like to build or buy a home but cannot register a bond over the property, may qualify for a GEHS Housing Access Loan. The Housing Access Loan offers greater flexibility and a shorter term than a standard mortgage loan.
Here are some of the advantages for the GEHS Housing Access Loan:
- A flexible loan term to suit your needs.
- Finance for the purchase of land with no title deeds using Permission to Occupy (PTO).
- Finance for renovations or extensions to property on PTO land.
- Finance for buying properties where a mortgage loan be registered.
To calculate if you qualify for GEHS Housing Access Loan, enrol on the GEHS website and select the Housing Access Loan link.
All Risima Housing Finance Corporation clients who have paid their accounts in advance can apply for amount of not less than R12 500.00 and not exceeding 80% of that advance and should be capped at R 50 000.00.
Affordability assessment will be done for any amount above R50 000.00.
The new recalculated instalment after excess bond granted must not exceed the current instalment and the remaining terms should not be amended
Are you earning between (single or jointly) R3500 and R15 000? Are you a first home loan buyer? You haven’t benefited from a government subsidy before? You may qualify for a FLISP subsidy from the Department of Corporative Governance, Human Settlements and Traditional affairs (COGHSTA).
FLISP is aimed at individuals that earn too much to qualify for an RDP house and too little to qualify for a Bond. The FLISP subsidy is used as a deposit to enable clients to qualify for a bond.
Risima has been appointed by COGHSTA to administer FLISP in the province. A client who has been approved by any of the major banks mayor apply for the subsidy portion by contacting Risima on (015) 633 4700.
On registration of the Bond, Risima will pay the FLISP subsidy directly into the client’s home loan account.
Get in touch!
- glad.mamabolo@lieda.co.za
- Tel: (015) 633 4900
- 23 Rabe St, Polokwane Central, Polokwane, 0700