We have developed a differentiated set of products and services to penetrate “broader and deeper” into the urban and rural housing market.
Non Bondable Housing Related Loans
Because of the culture diversity of the people of South Africa, the majority of people live in rural areas. These so-called homes are usually on traditional tribal land, and can therefore not be bonded. The cost of the ground is negligibly low, and through careful planning and cost effective building methods, a structure can be put in place or an existing structure improved for R30 000 or less.
Norufin will finance these housing related loans to the value of R30 000, payable over a period of up to 24 months, and through the program initiated by RHLF, assist the client in these building related issues i.e. building plans etc.