Building Loans
What to Expect
- 1We assess your situation and advise on the right loan structure for your build and budget.
- 2We prepare and submit your application with building plans and specifications to multiple banks.
- 3Once approved, we coordinate drawdown requests as each construction phase is completed and signed off.
- 4We liaise with the bank on your behalf until the final amount is advanced and your bond is fully in place.
Documents You May Need
- South African ID or passport
- Latest 3 months payslips (or 6 months if you have variable income)
- Latest 3 to 6 months' bank statements
- Approved building plans
- Detailed building specification and cost estimate from your contractor
- Builder's contract and NHBRC registration certificate
- Proof of land ownership or signed offer to purchase for the land
Why ooba Bloemfontein
- Building loans are more complex than standard home loans and require specialist structuring to avoid cash flow problems mid-build.
- We guide you through the building loan process and liaise with the bank on your behalf to keep things moving as smoothly as possible.
- By submitting to multiple banks we secure the best available rate for your construction finance.
Free Tool
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