A GUIDE ON HOW TO GET R370 APPROVED
How to finally submit and get approved easily?
To get approved for payment, you need to meet the requirements of being a South African, having a legal permit to stay in the country, being of age, and not taking any income from the government.
Apply for Sassa R370 Grant for 2025This is for people who are above 18 years but less than 60 years, who have no jobs and are unemployed with no source of income. Applicants are reminded to keep their reference numbers generated for them safe for a later date.
Apply For Social Grants for 2025This is for people interested in any of the following social grants such as child grant, old persons grant, disability grant, care dependency grants and do not qualify for the Srd grant due to age.
Apply for Sassa R370 for Asylum SeekerThis is for seekers registered on the Home Affairs database/ a holder of a special permit under; the Special Angolan Dispensation/ the Lesotho Exemption Permit dispensation / the Zimbabwe Exemption Permit Dispensation
Apply for Sassa R370 for Foreign ResidentsThis is for people from other countries such as Zimbabwe, Lesotho, Angola and Other Coutnries who have become legal permanent residents and registered with the department of Home Affairs as such.
Why was the Sassa R350 changed to R370 Grant for 2025 ?
President Cyril Ramaphosa decided to increase the R350 by R20 due to the increasing cost of living in the country. Although the R20 added was not the best, it was what the government could afford at the time. To get your application approved quickly and easily, you must check if your submitted application has satisfied all the requirements.
How to get approved for a home loan in South Africa?
A credit score above 600 gives you a solid chance of home loan approval. The size of your deposit: Purchasing a home may require you to pay a percentage of the purchase price up front. The more money you put into this deposit, the higher your chance of home loan approval.
How much must I earn to qualify for a home loan in South Africa?
Average required salary = R54 000 per month. KwaZulu Natal: Average property price = R1 482 625. Average required salary = R45 000 per month. Gauteng: Average property price = R1 500 000.
How to qualify for 100% home loan in South Africa?
Your chances of obtaining a 100% home loan
Your credit record. Banks are taking a higher risk so a good credit record is important. 610+ is the minimum required, and 661+ is considered good.
Your ability to afford monthly repayments (which will be higher with a 100% home loan).
The value of the property.
How long does it take for a home loan to be approved in South Africa?
This will usually take around one week, although it can be delayed if applicants fail to meet certain requirements. Factors that play a role in whether your home loan will get approved include: Your credit score: The single most important factor.
What benefits do first time home buyers get in South Africa?
The First Home Finance programme is a housing subsidy for first-time home buyers to assist with purchasing a home. If your household income is between R3 501 to R22 000 per month, and you meet all the qualifying criteria, you may use this subsidy to purchase your first home.
How much deposit is needed to buy a house in South Africa?
In most cases, buying a home will require you to put down a deposit that amounts to between 10% and 20% of the home price. The remainder will then be covered by the lender once you’ve successfully applied for a home loan.
What is a good credit score to buy a house in South Africa?
The minimum credit score for a home loan in South Africa is around 640. A score of 600+ will give you a fair chance of home loan approval – although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval.
How old do you have to be to get a housing loan in South Africa?
You need to be 18 years or older, permanently employed for six consecutive months or self-employed for the past two years. In terms of the documentary requirements for the application itself, here’s our handy top 6 to guide you: Proof of income: you must supply your latest salary slip.
Should I buy a house now or wait until the next year in South Africa?
However, 2025 looks poised to be a successful year of positive investments and hopeful ventures. While there are many socioeconomic factors to consider, with wise financial planning and solid support from your trusted Seeff property practitioner, you can begin to set your sights on countless homes within your reach.
Is it cheaper to buy land and build a house in South Africa?
Ultimately, it’s currently cheaper to buy, Smee said. Due to slow House Price Inflation (HPI), buying a home, be it off-plan or from an existing owner, is ultimately more cost-effective than building one in the current climate.
Where can I borrow money instantly in South Africa?
Nirafinance offers the best instant online loans in South Africa without the need for documents or credit check. All you have to do is fill out their quick online form to get approval for a quick cash loan in just 3 minutes.
What credit score is needed to buy a house in South Africa?
The minimum credit score for a home loan in South Africa is around 640. A score of 600+ will give you a fair chance of home loan approval – although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval.
Can I buy a house with bad credit in South Africa?
A credit score of at least 610+ is required for home loan approval, but the First Home Finance subsidy makes home loan approval attainable for people below this number. The subsidy strengthens the bank’s confidence in your ability to repay the home loan, making them more likely to approve a lower credit score.
Is it possible to get a loan with bad credit in South Africa?
Any South African citizen with a low credit score or bad credit who requires a consolidation loan or personal loan can rely on our lending providers for low credit scores service.
How to get a loan when no one will approve you?
Use Collateral To Secure The Loan. If your credit score is lower than you need it to be, you could consider a secured loan. The inclusion of collateral makes secured loans easier to get approved for, as it assures the lender they’ll get their money back one way or another – even if you default on the loan.
How to check if you are blacklisted online for loans?
To view your free yearly credit report through Transunion, go to their website. Transunion additionally has an SMS system for those to check their credit status and if they have potentially been blacklisted. Use and dial the following SMS USSD code 1208801# from your cellphone.
How long does blacklisting last in SA?
In South Africa, negative information can remain on an individual’s credit report for up to five years, which means that a person can potentially stay blacklisted for this duration.
Does debt expire in South Africa?
A prescribed debt is, to put it simply, an obligation that has essentially “expired.” Usually, debt is said to have been prescribed when after three years have passed and the creditor or debt collector has not filed any legal action or requested payment of the outstanding balance.
What is the fastest way to get out of debt in South Africa?
Tips for paying off your debt faster
Pay more than the minimum amount.
The Snowball method.
The Debt Avalanche Method.
Debt consolidation loan.
Debt review (debt counselling)
How to remove loans from a credit report?
If you do notice such an error on your credit report, you should write to the credit rating agency as soon as possible pointing out the error and asking for a rectification. If the error is from the credit rating agency’s side, rectification will be a quick process.
