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Home Improvement Loan

Home Improvement Loan is specifically for the improvement of fixed property or buying a property. The loan is secured either by a Company Guarantee, or pledge of pension/provident fund benefits. The rate of interest is prime-linked and negotiated with the relevant Fund upfront on signing of the agreement.


  • Build, buy, improve, renovate or extend your house while you are employed
  • Repayment term from 12 months to 240 months
  • Loan is repaid before you retire
  • Competitive interest rates

Who qualifies for the Home Improvement Loan?

  • Permanently employed South African Citizens
  • Salary or Wage earner
  • Earn a salary of R3 500 and above.
  • Member of the Pension/Provident Fund listed under FSB.

Instalments and Fees

  • Monthly repayments are through salary deductions by the employer.

What Documents do I need?

  • South African Green Bar-coded identity document
  • Latest payslip;
  • 3 months bank statement
  • Proof of address ( Municipality utility bill, Letter from Ward Councillor, Letter from INkosi/Induna) not older than 3 months
  • Written quotation from Builder or Supplier
  • Benefit Statement from Pension/Provident Fund
  • SARS Information Letter

For Further Information

Submission of all of the above at the time of completing your application will assist in speeding up the application process.

The KZN Growth Fund Managers primary mandate is investment in infrastructure to promote economic development with in the Province. The Growth Fund endeavours to ensure an even spatial distribution of investment across the province. All the projects, furthermore, are undertaken with a view to broadening participation in the economy, with special emphasis on Black Economic Empowerment.

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Ithala is an Authorised Financial Services and Credit Provider
FSP License No. 17139 NCRCP No. 1559 Reg No. 2001/007427/30
Ithala SOC Limited is a wholly-owned subsidiary of Ithala Development Finance Corporation Limited