How It Works

Are you building, extending, renovating or improving your home? The Real People Home Improvement Loan offers you the chance to finance your building or home renovation requirements. This could be anything from adding an extra room, new kitchen fittings, paving your driveway or even painting your home. Let’s make your dream home a reality – get started by following the simple steps below:

Loan Criteria

Step 1 Loan Criteria

Real People offer a Home Improvement Loan giving you access to:

  • Loans from R 1 000 – R 120 000* to finance your building or home renovation material
  • Flexible repayment periods from 6 – 48 months
  • Our Loan Interest Rate ranges from 14.9% – 34% (max) per annum
  • Credit life insurance which covers you in case of death, disability and retrenchment
  • Representative example: Credit amount of R7 500 borrowed for 24 months. Annual Interest Rate: 14.9%. Initiation fee (charged upfront): R800. Monthly service fee: R60. Monthly Credit Life fee: R62.50. Total Amount payable: R12 589. All prices Ex. VAT.

You can apply if you:

  • Are permanently employed, self-employed or employed under contract
  • Earn a salary of at least R 2 000 per month & have your salary electronically deposited into a bank account
  • Are between 18 & 64 years old

*All loan applications are subject to final credit approval. Terms and conditions apply.

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Applying for a Home Improvement Loan

Step 2 Applying for a Home Improvement Loan

To apply, visit one of our participating home improvement retail stores to complete the application process. Click here to see store list

*All loan applications are subject to final credit approval. Terms and conditions apply.

What you need to apply in store:

  • Valid SA ID (permanent or temporary) or driver’s license
  • Payslips and bank statements:
    • Your most recent pay slip and bank statement showing latest 3 salary deposits; OR
    • Latest 3 payslips; OR
    • 3 months bank statements (if you are self-employed)

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At The Store

Step 3 At The Store

  • When you get to the store, ask for a store credit consultant and inquire about the Real People Home Improvement or Building loan
  • Provide the credit consultant with required documents. Click here for a list of documents required at the store.
  • The credit consultant will assist you to complete the application form online
  • After completing the application form, the credit consultant will scan and send your documents to Real People for final assessment and checks*
  • You will get an sms from Real People notifying you of your loan application outcome and the store where you completed you application with also notify you of the outcome by telephone
  • Once your loan is approved, the money is paid directly to the home improvement store in order to pay for the building material or home improvement goods that you have selected.
  • The store will make arrangements with you to deliver your material to your home

*All loan applications are subject to final credit approval. Terms and conditions apply.