Do I qualify?

• Within age to contract legally, must be 18 years or older
• You must possess a clear credit record
• The finance must be used to build or alter a residential property
• The building loan is only available to Individual or joint income must be a minimum of R25000, and the property purchase price must be a minimum of R600 000

• Individual or joint income must be a minimum of R25000, and the property purchase price must be a minimum of R600 000
• The builder, contractor or subcontractor must be registered with the NHBRC (National Home Builders Registration Council) for all new dwellings.

• An upfront deposit portion will be required by the bank from the customer to make up the deficit/ shortfall. This will be the difference between the cost of the project and the amount granted by the bank. A minimum deposit of 10% of the total package price (land + contract amount) is required in all instances. The deposit will be based on the lower of the total package price, or FNB's assessed market value on completion.