When it comes to building or renovating your dream home in South Africa, financing can often be the biggest hurdle.
Whether you’re just getting started or are midway through your project, the Built It Credit Account offers a solution tailored to meet your construction needs.
This credit facility is not just about providing funds – it’s about empowering you to create the living space you’ve always envisioned without the stress of upfront costs.
Why Choose the Built It Credit Account?
The Built It Credit Account is specifically designed for those looking to finance their building materials and construction projects.
Unlike traditional loans, this account ensures that the funds you receive are directed solely towards purchasing materials from Build It stores, giving you the peace of mind that your loan is being used exactly where it’s needed.
The best part?
You have the flexibility to repay the loan over a period of up to 72 months. This means you can spread out your payments, making your monthly budget more manageable while still moving forward with your project.
Who Can Apply?
To qualify for the Built It Credit Account, there are a few basic requirements you need to meet:
- Employment Status: You must be permanently employed or self-employed, with a minimum net income of R3,500 per month.
- Documentation: A valid South African ID and your last three months’ bank statements showing salary deposits are required.
- Affordability: The affordability assessment will determine how much credit you can qualify for based on your income and expenses.
What’s cool about this is that the application process is straightforward and can be done either in-store or online.
Once you have all your documents in order, a Build It consultant will assist you in completing the application, ensuring that you understand every step of the process.
Repayment Terms
One of the standout features of the Built It Credit Account is its flexible repayment terms.
You can choose a period that best suits your financial situation, up to a maximum of 72 months.
This extended repayment period is the cherry on top, allowing you to focus on your project without the pressure of hefty monthly repayments.
Picture this: You’re building your dream home, and instead of worrying about large, upfront costs, you can focus on selecting the best materials, knowing that your payments are spread out over several years. This approach not only eases financial strain but also helps you stay on track with your building schedule.
How to Apply
Applying for the Built It Credit Account is simple and can be done through multiple channels:
- In-Store: Visit any Build It branch with your required documents. A consultant will assist you with the application and provide guidance on the materials you’ll need.
- Online: You can also apply online through Build It’s partner lenders like Nedbank, Kanga Finance, or RCS. The online process is quick, and you can expect a response within hours.
Guess what?
Once your application is approved, you’ll receive a Build It Credit card, which you can use at any Build It store to purchase the materials needed for your project.