The fund understands its members' need for housing finance and therefore provides housing loan guarantees based on a maximum percentage of a member's fund credit. The loan is subject to approval by the relevant credit provider and must be used for housing purposes i.e. renovating of property, purchasing of property and/or a plot and/or for the settlement or partial settlement of an existing bond.
Great news! Improved benefits and a reduction in risk cover costs with effect from 1 July 2019.
The fund understands the impact that high cost can have on a member's retirement savings and therefore always endeavours to keep it to a minimum.