Housing Loans
Use your pension as surety to build or buy without withdrawing your cash. Exclusively for Provident Fund Employees.
1 How Surety Works
The Fund allows you to utilize a portion of your withdrawal credit as surety for a housing loan via NBC. You do not withdraw cash. The Fund guarantees the loan, keeping your money invested while you secure property.
Permitted Usage
- Buy an existing home or land (Offer to Purchase required).
- Renovate an existing home (Formal builder quote required).
- Settle a current bond (Bank settlement quote required).
Why this matters to you
Strategic advantages of pension-backed lending.
Home Ownership
Overcome strict bank lending criteria. This benefit makes the dream of buying or building a home a reality now, rather than waiting until retirement.
Smart Leverage
Your money stays invested and continues to earn interest. You are using your savings as collateral, allowing wealth to grow while acquiring property.
Favorable Rates
Because the loan is secured by your retirement savings, the risk to the bank is lower, securing interest rates better than unsecured loans.
Application Checklist
To ensure a smooth process, please gather the following documentation. Only high-quality PDF scans are accepted.
Standard Documents
Required for every applicant
Legal & Property Case
Specific to your transaction
COMPULSORY (If Renovating)
Proof of ownership is required. E.g., Certified copies of title deed, municipality statement, or letter from tribal chief.
Must have VAT and/or Registration number.
Signed offer to purchase OR bond/transfer invoices OR bond approval letter.
Bond settlement quote from the bank.
COP: Marriage Cert & Spouse ID copy.
ANC: Marriage contract.
Divorced: Divorce decree.
Submission Channel
Please ensure all documents are scanned clearly as PDFs. Cellphone photographs often lead to rejections or processing delays.
Centralized Email
homeloansjhb@nbc.co.za
Service Provider
NBC Pension Backed LendingSummary of Benefits
Access to Capital
Utilize up to 60% of your withdrawal benefit. This provides substantial borrowing power based on your service.
Wealth Creation
Build a property asset alongside retirement savings. This diversification strengthens your long-term financial position.
Convenience
Repayments are deducted directly from your salary, ensuring no missed payments and protecting your credit score.