Cashbuild does not lend money itself. Its Cashbuild Finance Options page offers credit of up to R500 000 at a discounted interest rate for home needs when you shop at Cashbuild, and the Apply Now link takes you to Capitec Bank’s own application.
To apply for a Cashbuild loan, Cashbuild lists a store quote, your ID and your recent salary slips. Capitec’s own credit criteria and terms are set by Capitec, so confirm them with Capitec before you apply.
Eligibility Requirements at a Glance
- Be 18 or older.
- Hold a valid South African ID or smart ID card.
- Have a standard Cashbuild quote from a store, not older than 30 days.
- Have your latest three salary slips.
- If your salary is not paid into a Capitec account, provide three consecutive months’ bank statements showing your salary deposits.
Capitec decides on the application and sets its own credit criteria. Meeting the list above does not mean you will be approved.
Income and Affordability Requirements
Cashbuild asks for your latest three salary slips, and bank statements if your salary is not paid into Capitec, so that the credit provider can see your income. The rate, term, fees and the amount you are offered are decided by Capitec and are not published on Cashbuild’s page, so get them in writing before you accept.
Budget the whole project, not only the materials. Labour, plans, municipal approvals and service connections are separate from what you spend in store.
Credit and Financial Requirements
Credit is regulated by the National Credit Regulator. Capitec’s credit checks and approval criteria are not published on the Cashbuild page, so ask Capitec what it will assess.
Cashbuild also has a Group payment card, which is not credit. Under its terms and conditions, you deposit funds first, no interest is earned on them, and you cannot transact until funds are deposited. Cashbuild may refuse to open an account or accept a deposit without giving reasons. Unused deposits are refundable by EFT into a local account in your name on written instruction, and refunds may take up to 72 hours.
Documents and Verification Required
- A standard Cashbuild quote obtained in store, not older than 30 days.
- A valid South African ID or smart ID card.
- Your latest three salary slips.
- Three consecutive months’ bank statements showing salary deposits, only if your salary is not paid into a Capitec account.
You do not need proof of address, but you may be asked for supporting documents to complete your application.
How to Apply and Improve Approval Readiness
- Get a standard quote from your nearest Cashbuild store. It must not be older than 30 days when you apply.
- Gather your ID and salary slips, and bank statements if your salary is not paid into Capitec.
- Apply through the Apply Now link on the Cashbuild Finance Options page, which leads to Capitec’s application.
- If you are building a house under the Zakhelikhaya programme, Cashbuild says you may apply for finance with Capitec or your preferred bank, the builder must be NHBRC qualified, and the plans must still be approved by the local municipality.
- Zakhelikhaya also says that if you earn between R3 501 and R22 000 you may qualify for an NHFC First Home Finance subsidy, and that spending over 60% of the building material cost earns a refund of the plan cost.
Frequently Asked Questions
Does Cashbuild lend the money itself?
No. The credit on its finance page is Capitec’s, applied for through Capitec’s own application.
How much can I borrow with a Cashbuild loan?
Cashbuild’s page offers credit of up to R500 000 at a discounted interest rate for home needs. What Capitec actually offers you depends on its assessment of your application.
What documents do I need for a Cashbuild loan?
A Cashbuild store quote under 30 days old, a valid SA ID or smart ID card, your latest three salary slips and, if your salary is not paid into Capitec, three months’ bank statements. Proof of address is not required, though you may be asked for supporting documents.
Do I need approved plans?
For the Zakhelikhaya building programme, Cashbuild says plans must be approved by the local municipality and the builder must be NHBRC qualified. Check what applies to your project with your municipality.
Is the Cashbuild payment card a loan?
No. It is a deposit-based card. You deposit funds and spend them, and no interest is earned on the balance.
Confirm current terms with Cashbuild and Capitec before you apply. See finance and funding requirements and browse all loan requirements.