Need quick cash? Elite Group offers an Incremental loans that is between R3000 and R20000 with a repayment period of between 10 and 36 months. Incremental loans aim to address housing finance needs of the housing market that have an ability to contribute financially to housing costs but to whom bank-funded housing finance is not readily available.
The lives of more than one million people have been improved through these loans but it is believed that there is an endless demand for assistance.
Incremental loans are offered to home owners who wish to build homes on an incremental basis by extending or improving existing property. These loans are for instance extended to add a room, install a geyser, enhance security or to effect any improvement that increase the value of the house.
These loans are targeted to the low- to moderate-income housing market. Loan amounts range
The minimum condition for an applicant is:
income between R 2 500.00 and R 7 500.00 per month able to prove two years of continuous employment ability to service the loan older than 21 years of age and a South African citizen