Many people know that building a house can take a lot of time, money and some people can’t even afford to build a house. If you wish to start your own home building project but you can’t afford it, Nedbank Building Loan can help you with credit to finance your home building project.
Nedbank offers credit that can suit many people’s needs whether you are building a house ground-up, renovating or completing a delayed project Nedbank home finance will help you achieve your goal.
People who are purchasing a home for the first time can borrow a minimum credit of R100 000 up to maximum of R1,8 million but if you are a Nedbank Private Client you can qualify for a maximum credit of R2,5 million.
Requirements of Nedbank Building Loan
The following requirements will be needed by Nedbank when applying for home building finance online or at a local branch.
- Must be South African citizen, older than 18 years
- Must be earning a minimum of R10 000 either as a joint or single salary
- Must be employed, self employed or have a fixed-term or permanent contract
Required Documents for a Nedbank Building Loan
Your personal documents and contractors document will be needed when applying for the home building loan at Nedbank
- Recent Payslip or any proof of salary
- South African ID or Passport document
- Latest 3 months bank statement if not using Nedbank to receive your salary
- Municipality approved Building Plan
- A contract between you and your contractor that’s building the house
- Schedule for the building and applicable costs
- NHBRC Certificate for Builders
How to Apply for Nedbank Building Loan
Applying for the Nedbank home finance credit can be quick and easy, you can apply using various platforms, remember to know all the requirements and have all the required documents before applying for the credit.
- You can apply at any Nedbank branch
- Apply online using the Nedbank website
- Apply on the Call Centre
- Apply on the Nedbank Money App
Nedbank Contact Details
If you want to contact Nedbank regarding the building loan or home finance you can use the following details
- Nedbank Contact Centre: 0800 5551 11
- MFC Call Centre: 0841 964 473
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