Housing loans suretyProvides security for housing loans provided to members.

What is Housing Loans Surety?

Did you know Old Mutual SuperFund (Pension and Provident) offers housing sureties to members. This benefit goes a long way to addressing the housing issues in South Africa. This is only applicable to employers that are participating in the housing loan surety arrangement and have entered into the respective agreements with the various Banks.
How does Housing Loans Surety work?

Important information that members should keep in mind when considering taking up a housing loan;

  • The member or his family/dependants must occupy the home
  • Old Mutual SuperFund (Pension and Provident) offer housing sureties to members (no direct home loans from funds and surety can only be granted for one property at a time).
  • The loan may not exceed an amount equal to 60% (in the case of Standard Bank this is 70% percent) of the members resignation benefit in terms of the Rules of the Fund at the time the housing loan is granted.
  • Fund members within ten (10) years of the Normal Retirement Date, may only take a loan of up to 25% of his/her benefit.
Lady in formal wear walkingObligations for fund members
  • Fund members within ten (10) years of the Normal Retirement Date, the members may only take a loan of up to 25 percent of his/her benefit.
  • On termination of membership of the Fund, the member will be given the opportunity to secure alternative finance before the Fund settles the guarantee out of his/her benefit;
  • The Management Board is mandated by the Old Mutual SuperFund Housing Loans Surety Policy, which must be read in conjunction with the Rules of the Funds.
Man fixing a bicycle wheelWant to know more about Housing Loan Surety?

If you need more information and clarity for Housing Loan Surety or just want to see if you qualify, give us a call, 0860 38 88 73.

    Call 0860 38 88 73 for help making decisions

    Call 0860 20 30 40 for service related queries

    Call 0860 INVEST (468 378) for financial advice

    Call your Area Consultant for New Investments or financial advice:

    Gauteng: (011) 217 1000/1210

    Pretoria: (012) 368 3540

    Western Cape: (021) 509 9111 / 0741

    KwaZulu-Natal: (031) 581 0600 / 0706

    Eastern Cape: (041) 391 6300 / 6304

    Bloemfontein: (051) 444 0831

    Call 0860 00 90 07 for Payroll Data assistance

    Call 0860 20 30 40 for Service related enquiries

    Call your Area Consultant for New Investments or accreditation

    Gauteng: (011) 217 1000/1104

    Pretoria: (012) 368 3540

    Western Cape: (021) 509 9111 / 0700

    KwaZulu-Natal: (031) 275 0600 / 0712

    Eastern Cape: (041) 391 6300 / 6321

    Bloemfontein: (051) 444 0831

    Call 0860 00 90 07 for Payroll Data assistance

    Call 0860 20 30 40 for service-related enquiries