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Retirement Housing Loans

Housing Loans through iMas Finance or FNB

We provide Pension-Backed Loans through iMas and FNB. The loans are subject to approval by the credit provider and must be used for housing purposes.

What is a Pension-Backed Loan?

A Pension-Backed Loan is a Home Loan dependent on an agreement between both the employer and the Provident Fund.

A Pension Backed Loan is a loan where your Provident Fund is used as security to:

  1. Buy Vacant Land
  2. Build a new house
  3. Renovate your house
  4. Use as a deposit or bond registration fee

Housing Loans through iMas Finance

  1. The loans must be settled by normal retirement age, as per the Fund rules.
  2. Credit life insurance covers you for temporary and permanent disability, death, and retrenchment cover. Ensuring that your family is secure in the event of unforeseen circumstances.

Documents Required

  1. Offer to Purchase (OTP)
  2. Income tax statement/IRP5 document
  3. I.D or smart card copy
  4. Proof of residential address (e.g. Municipal or rates bill)
  5. The members latest 3 (three) months payslips or bank statement

Contact Details

Housing Loans through FNB

The FNB Pension Backed Loans are secured against the member’s fund value. You may qualify for the loan if you are a member of the fund, as there is an agreement in place between FNB, the fund, the fund administrator, and the employer.

  1. The home must be the primary residence of the applicant or their dependent(s).
  2. The property must be within the borders of South Africa.
  3. You will also be required to declare your ‘Registration Tax number’ for SA or any other country where you hold citizenship or residency.

Pension Backed Loan rules

  1. You must be over the age of 18 years
  2. The minimum amount you can apply for is R5 000
  3. The maximum loan amount is ‘as per the fund rules’
  4. The minimum loan term is 12 months
  5. The maximum loan term is 240 months (20 years)
  6. All loans are governed by the National Credit Act and the FNB
  7. Credit Policy and therefore normal credit scoring and affordability rules apply

Risk Benefit Cover

Members receive cover in the following instances; the cover is for the full loan amount and excludes arrears (if applicable):

  1. Death – Settles outstanding balance at the time of death.
  2. Permanent disability – Settles outstanding balance at the time of permanent disability.
  3. Temporary disability – 12 months’ instalments paid.
  4. Unemployed or unable to earn an income – 12 months’ instalments paid.

Documents Required

  1. Certified South African green bar-coded Identity Document or Smart ID Card (front and back)
  2. Certified copy of Marriage Certificate
  3. Latest pay slips (12 consecutive for weekly paid, 6 consecutive fortnightly paid, 3 consecutive for monthly paid).
  4. Valid building quotation or Offer to Purchase (not older than 1 month)
  5. The latest proof of residence (not older than three months)
  6. Latest 3 months stamped bank statement (if not banking with FNB)
  7. A settlement letter if an existing pension backed housing loan with another institution is being switched or if you want to settle your bond.
  8. Latest fund benefit statement.

Application process:

  1. Member must check with HR if the company has signed the agreement. If not, HR must contact the fund.
  2. If the company has signed, members must request an application form from HR/FNB by calling 087 736 6000 or SMS “Home” to 30752 (free SMS).
  3. Request a benefit statement from the Fund.
  4. Complete the application form and attach all required supporting documents.
  5. Documents number must be emailed to
  6. Contact 087 736 6000 for application statuses or disputes.