What is FLISP ASSISTANCE?
Finance Linked Individual Subsidy Programme –FLISP
We are a private company and can provide information and assistance to the general public to help them with their FLISP applications.
FLISP is the drive by the Department of Human Settlements to provide a subsidy to allow aspiring home owners to purchase a home and improve their affordability, which subsidy is also extended to existing home owners.[terms and conditions apply]
To qualify for the FLISP subsidy, you must meet the criteria determined by the Department of each province.
To apply, you must either be an existing home owner with an approved home loan and apply within the time frame after registration of transfer as set by each province, or a new home buyer and meet the following requirements:
*Home loan must be approved
*First time home buyer
*Total gross household income be between R3501 - R15 000
*Be a South African citizen or in possession of a valid permit
*If you are single, have a dependent.
We charge a fee for our services and our fees are as follows:
*R500.00 - registration fee, which includes a short telephonic interview to check all the information submitted by the applicant.
*R750.00 when we submit the complete application and supporting documents.
*R1 250.00 - on approval of the subsidy. Terms for the last payment can be arranged.
When we provide you with our assistance, you will also receive, over and above our specialist service:
· An APP to calculate transfer and bond costs
· Many more calculations on how to save thousands on your home loan repayments
· A tool to assist you to create and track your budget expenses
· Regular home-ownership information
· Invites to attend workshops to stay credit healthy and an opportunity to refresh