23/05/2022
16h14
The FNB Home Loan for home building is designed specifically to help those customers that want to build their homes from the beginning. Now that we have covered the main advantages, let’s talk about some of its requirements.
Qualifying Criteria for the FNB Home loan for home building
- Above 18 years old
- Individual min. income of R25 000 per month or where a joint application, at least one of the individuals must earn a min. of R25 000 per month
- Must have a clear credit record
- Loan can only be used to build
The FNB Home Loan for building has the following exclusions:
- Real right portions in any development
- Share blocks properties
- Non-residential buildings
- Fractional ownership
- FNB Home Loans will NOT finance owner-builders
- Future Use Building Loans on vacant land
That means that you will not be guaranteed a loan if you apply in any of the exclusion criterias.
I Want To Apply for The FNB Home Loan for building
If you think that FNB Home Loan is a great fit for you, start your application process right away!
Click on the button below to be redirected to the FNB website to start your process!