All NHFC loans and facilities, offered through its Funding Programs, must eventually and indirectly enable homeownership, rental, and/or improvements of property to the low- and middle-income South African households earning between R1 500 and R15 000 per month.
The NHFC Credit Committee defines the terms and conditions and the required qualifying criteria that must be met for the granting of NHFC housing finance / loan facilities. The qualifying criteria and required supporting documents vary depending on the selected Funding Program option, but broadly, include the following conditions:
Qualifying Criteria |
Required Submissions: |
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In all cases, the NHFC will have to be satisfied that the institution is viable in the long-term. The size of the loan facility will be based on the potential market, the capacity of the institutions to manage growth and the project's ability of to generate sufficient revenue. |
How to Apply
When seeking an NHFC Projects and Commercial Loan Facilities, the applying entity must submit a formal letter of introduction accompanied by the Required Submissions as listed above; the Checklist offers further information needed to support the application.