Are you looking for a way to finance your home building project but you are not quite sure where to start? Cashbuild and Nedbank building materials loan can help you turn your dreams into a reality.
In this article we are going to give you a much clearer knowledge about the Cashbuild and Nedbank building materials loan, how to apply, the documents required and the eligibility requirements for the loan.
About the Building Material Loan
Nedbank and Cashbuild have made it easier and more affordable for many people to start their own home building projects no matter how small or big it is, the in-store building material loan starts from minimum of R2000 up to maximum of R300 000 and the repayment period for the loan start from 6 months up to 72 months and all loan amounts have a minimum interest rate of 10% up to a maximum of 24,5%.
For Example, if you borrow a loan amount of R40 000, for 72 months with an Interest rate of 10%, you will have to repay R840.05 per month and in total you are going to repay R60 483.60
Eligibility Requirements of Cashbuild and Nedbank Building Materials Loan
In order to be eligible for the building material loan you must meet the following requirements.
- Must be 18 years or older
- Employed or self-employed
- Earning a salary of at least R3 500 monthly
- Salary must be paid electronically into your bank account
Required Documents for the Cashbuild and Nedbank Building Materials Loan
To apply for the building material loan you must have the needed documents:
- Valid SA ID document or Card
- Latest payslip
- 3 months recent stamped bank statement ( but if you bank with African Bank, Nedbank, ABSA or Standard bank that can be arranged)
Where to apply for the loan
When you meet the eligibility criteria and have the documents required and you want to apply for the building material loan you can simply visit your nearest Cashbuild store or Nedbank branch and if you wanna know how much you qualify for before paying them a visit you can give Nedbank a call on : 0860 300 400
When you apply and qualify you’ll stand a chance of winning R10 000 cashback.
Contact Details
Cashbuild Cell Number: 011 248 1500
Nedbank Cell Number: 0800 555 111
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