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  • Home Loan Business

    Home loan business refers to providing home loans which are money based on the value of customers’ homes. In this case,

    Therefore, a home loan business has nothing to do with mortgages! In fact, it deals with home collateral loans.

    In our country, applying for another credit card, consumer credit or a “buy-now offer” is as easy as drinking a cup of coffee. South Africans are considered to be the most avid borrowers in the world. Statistics show that 7 out of 8 citizens are in debt (including small credit card debts).

    Business Model

    ●     Home collateral loans;

    ●     Business loans business;

    ●     Small business loans business;

    ●     Credit union business;

    ●     Bond origination.

    Tools & Equipment

    To start a bank or credit union in South Africa, you will have to obtain a license. This business requires significant upfront investments. You’ll have to find an office, hire financier, lawyer, accountant, purchase computers and office stationery.

    In most cases, this is a white-collar business.

    Video

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