frogs on mushroom


You have access to a pension-backed home loan scheme. You may use up to 60% of your member share value as surety for a home loan at preferential rates from FNB.

The loan granted can only be used to buy a house or pay for alterations to a house you already own. Approval of the loan rests with FNB and is subject to the requirements of the National Credit Act. If you qualify, the loan amount is paid directly into your bank account and then the monthly loan instalments will be deducted from your salary until the loan is fully paid.

If you withdraw from the Fund, any outstanding balance will be settled by deducting the amount you still owe on the housing loan.
You will find a pension-backed housing loan application form Here

Pension-backed housing loan fees

The following fees are deducted from your member share value:
    • A once-off administration fee of R100 paid to the Fund administrator
    • A once-off initiation fee of R200 (incl VAT) paid to FNB – effective 1 July 2020 in respect of any new and top-up loans from this date
    • A monthly administration fee of R11.50 (incl VAT) paid to FNB. The previous monthly administration fee of R6.96 (incl VAT) is still applicable in respect of any loans concluded with FNB before 31 October 2018 (excluding any top-up loans)
Click Here for more information.

You must be in it to win

On page 3 of the December 2022 Member Newsletter, we announced a competition, where you could win a prize.

All you need to do is have your photo taken next to the Fund’s calendar and/or poster and send it to us. The competition closes on Tuesday, 31 January 2023.

Please send the photo to:

Email: [email protected]

WhatsApp: 081 778 0923

When sending in the photo, please tell us your name, your pension number or identity number and which municipality you work at. Please note that subject to the discretion of the Fund, all or some of the pictures submitted, may be published on the Funds’ website and/or on the Funds’ Facebook page.

Hurry to enter the competition, your photo could win the prize!