Iemas Pension Backed Home Loan
Iemas Financial Services offers a variety of affordable financial solutions including pension-backed loans - this product is ideal for when you want to make ...
Can I sell my pension?
www.pensionloansscheme.co.uk Pension backed loans, Pension release under 50.
Pension Backed Loans
A pension-backed housing loan (as per the Pensions's Fund Act 19 (5) (a) and 37D) is an alternative form of housing finance where the loan is secured by your retirement fund savings instead of a mortgage bond.
What are pension-backed housing loans? A pension-backed housing loan (as per the Pensions's Fund Act 19 (5) (a) and 37D) is an alternative form of housing finance where the loan is secured by your retirement fund savings instead of a mortgage bond.
The existing pension-backed home loan product which is only available to members employed at those employers where Iemas has a contract with both the employer and the retirement fund to offer pension-backed home loans to its employees.
The two loans don’t have to be paid off at the same rate, but it’s advisable to prioritise paying off your pension-secured loan first to alleviate the additional pressure placed on your pension.
Pension Backed Housing Loans are offered to all members of Vodacom Group Pension Fund. All loans are granted by Standard Bank Limited, while Vodacom Group Pension Fund provides the suretyship for the loans.
The Fairheads Financial Services home loan administration service is our newest offering. As an independent administrator, we have partnered with retirement funds to provide loans directly to its members. Pension-backed home loans are designed to make property ownership more accessible and affordable for members of retirement funds.
Pension Backed Housing Loans is an alternative form of housing finance where the loan is secured by the member’s retirement fund savings instead of a mortgage bond.
Today many people are applying for pension loans. It can be seen as a fast and easy way to get money. People are choosing a pension loan for a number of reasons but before we look at those, let’s first consider what a pension backed loan really is. A pension loan is, in a way, a sort of a secured loan.
Pension Backed Loans Borrowing money against the value of your pension can be an excellent way of making your pension fund work better for your financial situation. A pension loan can be used for anything you want and is often used as an alternative way of funding a business.