Construction Loan

Diphasweng Financial Services offers trusted construction loan solutions with flexible repayment plans.

 

Prepare for your Construction Loan application
Proceed to apply for Construction Loan of Up to R20 000 000.

Construction loans and finance
Constructing a new building or re-developing an existing property to sell for a profit, use for your own needs, or rent out for income, can be a successful financial strategy. South African property is almost always in demand. However, building buildings is not cheap. Large upfront costs to cover land, materials and labour will be incurred, and meeting these costs can put a major dent in any business cashflow.

Fortunately, there's a solution to this problem - meet our construction loan - a purpose-built financial product that lets you fund the cost of building without demolishing your bank balance.

What is a construction loan?
Construction loans, (also known as development loans), are a type of bridging loan used to cover the costs of building new homes and commercial premises or re-developing existing residential and commercial properties. Construction loans may also be used to buy a plot of land to build on or purchase an existing property for re-development.

Fees, interest rates and the terms and conditions of construction loans are usually agreed on, so costs can vary considerably. Funds are usually released to the borrower as the project progresses. In all cases, the lender will take a legal charge over the property as security.