Who qualifies for Flisp?
You are a South African citizen or have a permanent residency permit. You are over 18 years and competent to contract. You are married or cohabiting OR single with financial dependents. You haven’t received a government housing subsidy before.
How much does Flisp pay?
Article summary. The FLISP subsidy ranges from R30 001 to R130 000. The subsidy is based on your income; the lower your income, the higher your subsidy. The subsidy can increase your chances of home loan approval by being used as a deposit, or paid into your home loan to reduce interest rates.
Do you pay back Flisp?
FLISP is a subsidy, not a loan. Of course, the subsidy is intended to help you acquire a home loan, which will need to be repaid. Are you interested in applying for FLISP? Get all your questions answered, such as whether you qualify, how to apply and how FLISP can be used to acquire your first home.
What is the waiting period for Flisp?
Bear in mind that you no longer require home loan approval before applying for FLISP. You can now use other sources of funding to apply, such as an unsecured loan. You can then submit your FLISP application, along with the necessary documentation. This process usually takes 7 days.
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