Two things, would you wait until you have saved enough money to build your dream home or build it on credit and start living it today?
The answer to the above question is not easy for many South Africans however if your answer is to build quickly on credit and pay a little extra on interest, then the Cashbuild Credit Account should be your next step.
Cashbuild in partnership with Nedbank and Capitec offers you access to funds up to R500,000 for your home renovation or completion quicker with quality materials.
Without wasting your time, let’s jump to how it all works.
Why Build On Credit?
Building a house from the ground up is no child’s play, it can be very frustrating and often people miscalculate the costs to complete the project.
Instead of running out of funds, which is often the case with most projects, the Cashbuild credit account offers you access to funds to complete your project in record time.
It’s not a personal but a building loan, whereby the funds can only be used for building materials and labor costs. With this unstable South African economy with the cost of living going up by the day, building materials have also become more expensive to just afford with little money.
Most importantly, the Cashbuild account allows you to focus on building the house of your dream and stress less about the project’s financial aspect.
Cashbuild together with Nedbank offer you credit up to R250,000 for your home project, to qualify based on your credit profile.
Cashbuild Finance Options
Cashbuild has partnered with two trusted banks in South Africa to offer customers access to finance for their home projects.
1. Capitec Bank
- Credit: R500,000
- Term: 84 months
- Interest: Personalised discount
- Credit: R250,000
- Term: 60 months
- Interest: Personalised
You’ll get a customized and discounted credit to purchase building materials from Cashbuild from the above banks.
Your credit application will go through various assessment checks to ensure you’ll afford the credit you’re applying for. The assessment results will determine how much Cashbuild credit you’ll qualify for and afford to repay within the agreed terms.
Cashbuild Loan Calculator
The Cashbuild loan calculator will help you estimate the fees and costs of taking R250,000 credit. You’ll get a close estimate of how much the Cashbuild credit costs, so that you can plan for your monthly budget in time.
Enter the loan amount you want, and get the cost breakdown of the loan in longer repayment terms.
How to Qualify for Building Credit?
To qualify for the Cashbuild credit, you’ll need the following:
- Must be 18 years and older with a valid SA ID
- Must be permanently employed earning a minimum of R3,500 per month
- Have a bank account in your name to which the salary is paid into
- A valid cell phone number that’s contactable on a landline
In addition to the above documents, if you’ll be applying directly at the bank, you’ll need a quotation from Cashbuild not older than 30 days.
How to Apply for the Cashbuild Credit
You have a couple of options to get started with your Cashbuild credit application.
At Cashbuild stores: Visit your nearest Cashbuild branch for a quotation and a consultant will assist you with submitting your credit application.
At the bank: Visit your nearest Nedbank or Capitec Bank branches for your Cashbuild credit account application. A consultant will assist you with the application.
Online: Lastly, apply for the credit online and get pre-qualified. If you have a good credit score and history, the respective bank’s consultant will contact you to finalize the credit application with you.
Get in touch with Cashbuild for more detailed information about their credit account facility by calling 0860 100 582 to speak to a consultant.
Alternatively, complete the contact form at cashbuild.co.za and a consultant will contact you back with more details.