Helping you turn your house into a home with a pension-backed loan

Becoming a homeowner for the first time can be just as exciting as it is daunting, because it is one of the biggest financial commitments you will make in your life. So, isn’t it reassuring to know that you have a caring partner helping you every step of the way?

With Iemas’ Housing Solutions offer, you can choose a pension-backed loan for renovations to transform your current property into something that belongs inside a glossy home magazine. Or, use our bond origination service to buy a new property – dream it, then sit back and relax as we take over all the admin of applying for a home loan on your behalf.

Pension-backed Loan

Iemas is here to help you turn your hopes and dreams into bricks and beams. We know that you’ve been thinking about your perfect home for years, now you can finally lay those foundations for a garage or that extra bedroom or even spoiling the family with a pool, by using our pension-backed loan.

To qualify for pension backed loan you must currently be employed at an employer where Iemas has a contract with both the employer and the retirement fund to offer the pension-backed loan product.

The Iemas advantage: Iemas members share in the profits

As an Iemas member, you do not simply use our products, you benefit from the profits too. Every year during November we allocate a portion of our profits to you. These member reward allocations depend on the type and number of products you used throughout the year.

An example of the member rewards on an Iemas pension-backed loan is:

Financing Amount Reward % (based on the latest reward allocations) Annual reward payment in November
R200,000 2% R 409

To apply for a pension-backed loan you need the following:

  • Offer to purchase
  • Proof of home ownership
  • Quotation for home improvement (e.g. the building material)
  • Identity Document / Certified copy of Identity Document, Passport or Identity Card
  • Three latest payslips
  • Income tax statement/IRP5 document (for tax number verification)
  • Proof of residence (Not older than 3 months)

Bond Origination Service

Iemas puts the “pro” into property with a professional bond origination service that takes away the stress and frustration of applying for a home loan. In partnership with MortgageMax, an industry-leading bond originator service provider, we do all the application admin for you, throughout the entire process, until the keys to your new house are in your hand.

We believe in going the extra mile for our members, which is why you can rely on us to submit your home loan application to all the major banks and negotiate the best interest rate and terms on your behalf – completely free of charge!

For us to get the application process started on your behalf, the following is needed:

  • Signed offer to purchase
  • Identity Document / Certified copy of Identity Document, Passport or Identity Card
  • Proof of residence (Not older than 3 months)

One month’s payslip for fixed income (if you have been employed for more than three months) OR full employment contact (if you have been employed for less than three months) OR six months’ payslips for variable income.

Click here to access the bond affordability calculator.

The caring doesn’t stop here…

We know that your heart is where your home is and this is why Iemas – as your caring partner – also offers a range of additional products to cover and protect the things you love:

  • Home, vehicle and building insurance
  • Assistance with mortgage protection policies as insurance against a bond
  • A personal loan to cover the legal costs (and other fees) of a successful bond registration

All insurance products are offered through Iemas Insurance Brokers, an authorised financial service provider (FSP 47563) and wholly owned subsidiary of Iemas Financial Services.

Terms and Conditions apply.