Our Product Offering
Kanga Finance offers 2 building finance products:
- Standard Building Loan
- Up to R75,000
- 36-months to pay
- SASSA Pensioner Building Loan
- Up to R5,500
- 24-months to pay
On approval of a Building Loan, the money is paid directly into the merchant's business account, with up to 30% being paid directly to the customer to cover labour and other associated building expenses.
Permanently Employed Sector
| Total loan amount | R10 000 | R30 000 | R50 000 | R75 000 |
|---|---|---|---|---|
| Repayment Term | 18 Months | 24 Months | 36 Months | 36 Months |
| What You Pay (monthly) | R910 | R1 995 | R2 458 | R3 586 |
| Fixed Interest Rate | 34.75% | 34.75% | 34.75% | 34.75% |
| Initiation Fee (Incl VAT) | R1 668 | R2 990 | R2 990 | R2 990 |
| Monthly Service Fee (Incl VAT) | R69 | R69 | R69 | R69 |
SASSA Pensioner
| Total loan amount | R4 000 | R4 500 | R5 000 | R5 500 |
|---|---|---|---|---|
| Repayment Term | 18 Months | 18 Months | 24 Months | 24 Months |
| What You Pay (monthly) | R384 | R424 | R384 | R416 |
| Fixed Interest Rate | 27.50% | 27.50% | 27.50% | 27.50% |
| Initiation Fee (Incl VAT) | R690 | R776 | R863 | R949 |
| Monthly Service Fee (Incl VAT) | R63.25 | R63.25 | R63.25 | R63.25 |
Disclaimers: All figures listed are within the NCR prescribed rates. Examples are based on prime interest rates at the time of printing 8 December 2023
3 Easy Ways To Apply For A Kanga Building Loan
- Ask for a Kanga Building Loan at your favourite hardware store.
- Call 086 000 3030 and speak to a consultant
- SMS ‘HOME and your NAME’ to 30633 and we’ll call you back!