Affordable housing options

Finance Linked Individual Subsidy Programme (FLISP)

If you qualify, the government may grant you a housing subsidy through the Finance Linked Individual Subsidy Programme (FLISP). This subsidy is a once-off lump sum payment towards the cost of your house.  In order to qualify you must:

• Earn a joint income of between R3,500 - R22,000 per month and be a first time home buyer.
• The once-off FLISP subsidy amount ranges between R27,960 - R121, 626, depending on your monthly income. The maximum price of a property that can be financed through FLISP depends on what you can afford.
• Once the bond amount is approved, you will have to approach the National Housing Finance Corporation for the subsidy, or the nearest Local Municipality.

FLISP Information Centres FLISP OFFICES NHFC  0860 011 011 The Isle of Houghton, Old Trafford 3, 11 Boundary Road, Houghton, 2193 [email protected] www.nhfc.co.za

GAUTENG    011 335 4901 0800 046 873 Lisbon Building, 9th Floor, 37 Sauer St, Johannesburg

KWAZULU-NATAL        031 336 5300 031 336 5289 031 336 5249 031 336 5398 Tolaram House, 1 Aliwal St, Durban

NORTH WEST 018 391 0420 018 387 6002 018 387 6069 3366 Bessemer St, Mafikeng

NORTHERN CAPE 053 830 9492 053 830 9401 Building 9, Cecil Sussman Rd, Kimberly

FREE STATE 051 403 3883 082 491 4517 051 405 4690 97 Henry Street, Westdene, Bloemfontein

EASTERN CAPE 044 711 9777/8 043 711 9601 043 711 9595 043 711 9598 Steven Tshwete Bldg, Chiselhurst, 31 Phillip Frame Rd, East London

MPUMALANGA 031 757 0792 031 766 6676 7 Government Boulevard, Riverside Park Bldg, No 6&7, Nelspruit

 

The Affordable Housing Loan

Standard Bank offers this home loan to individuals earning a single or joint gross monthly income of between
R 3,500 - R24,300.

Benefits include:

• 100% Finance and no deposit required
• The choice between a fixed or variable interest rate
• An AccessBond facility should you require additional funds
• A free home ownership course

Pension Backed Lending

Standard Bank's Pension Backed Home Loan (PBL) is an affordable home loan, guaranteed by your pension fund, which offers the following benefits:

• There are no bond registration costs or delays and no property assessment fees
• You can use a PBL loan to buy vacant land, build a house or improve your current home
• The repayments are conveniently deducted from your salary or wages and paid to the bank
• You may apply for a second loan after paying the first loan for at least three months

Your dreams can come true!

Talk to your bank about the various affordable housing options available and take the first step towards owning the home of your dreams!