Construction finance
Construction Loans
Plan qualifying building, extension and renovation costs through a structured application.
Product overview
Standard applications from R10,000 to R500,000.
LENDTEL presents this product at a fixed annual interest rate of 5.19%. The approved amount and repayment period depend on identity, income, affordability, supporting documents and final approval.
Common uses
- Residential construction
- Approved improvements
- Contractor and material costs
- Property extensions
- Qualifying commercial construction
Need more than R500,000? Selected special requests up to R2,000,000 may be considered. Contact LENDTEL for enhanced requirements.
Common application requirements
- Applicant or company documents
- Building plans and quotations
- Contractor information
- Proof of income or cash flow
- Property and approval records
Additional documents may be requested based on the selected product and application circumstances.
Representative repayment illustration
| Loan amount | R250,000 |
| Interest rate | 6% per annum |
| Repayment period | 84 months |
| Estimated monthly instalment | R3,652.14 |
| Estimated total repayment | R306,779.64 |
| Estimated total interest | R56,779.64 |
Reducing-balance illustration based on the displayed loan amount, 6% annual interest rate and selected repayment period. It is an estimate and not a quotation or approval.
Important conditions: Same-day processing applies to complete applications. Same-day payout is available only after approval, signed agreements, successful verification and completion before applicable banking cut-off times. Neither approval nor payout is guaranteed.