TSRF Pension Back Home Loan : Transport Sector Retirement Fund

Organisation : Transport Sector Retirement Fund (TSRF)
Service Name : Pension Back Home Loan
Country : South Africa
Website : https://tsrf.co.za/benefits/pension-back-home-loans

What is TSRF Pension Back Home Loan?

The pension-backed loan enables you to utilise a portion of your Member Share in the Fund as surety on your loan (in terms of Section 19(5) of the Pension Funds Act). The loan can be used to purchase a home, do renovations on your existing home or build your dream home, as long as you or one of your dependants live in the house and it is your primary residence.

Related / Similar Facility : TSRF Two-Pot System

The above mentioned funds allow members to use up to 60% of their resignation benefits for the following purposes:
** Buy a new home
** Buy land
** Building a new house
** Improving an existing home (i.e. renovations and maintenance)

As with any loan, the loan needs to be repaid. The loan amount granted, depends on the monthly repayments you can afford and the amount you have accumulated in the provident Fund. Loan repayments will be done via deduction from your salary by the employer. If the employer does not sign the agreement with FNB, you will be unable to access a loan from FNB.

The Process:
** On request, an employer payroll agreement is sent and signed by the employer (without this FNB cannot assist the members).
** The application is sent to employer to sign off confirming employment.
** Application is sent back to FNB to finalise.
** Once the payroll agreement is signed you then approach FNB to complete application form for the home loan.

Important:
Home loans need to be settled before you reach normal retirement age. When you exit the Fund, the total outstanding loan is deducted from your exit benefit. In this way your loan is settled in full.

Qualifying Criteria of TSRF Pension Back Home Loan

** Client must be a member of TSRF.
** Have a bar-coded RSA ID document.
** Permanently employed for 12 months.
** Be 18 years or older.
** Credit checks will be done.

How To Apply For TSRF Pension Back Home Loan?

To apply or for more information, please contact FNB:
Tel: 0860 762 278
SMS: SMS the word “Home” to 30752
Email: shp [at] fnb.co.za

Download Form Here : https://www.southafricain.com/uploads/pdf2025/33109-form.pdf

Kindly send your completed application form together with the following documents:
Please note if married in community of property (COP) all documentation is required for both parties

** Certified South African green bar coded identity document or Smart ID Card (front and back)* / Copy of Marriage Certificate
** Latest payslips (12 consecutive for weekly paid, 6 consecutively for fortnightly paid and 3 consecutive for monthly paid)*
** Valid Building quotation or Offer to Purchase (not older than 1 month)
** Latest proof of residence (not older than three months)
** Latest 3 months stamped bank statement (if not banking with FNB)*
** A settlement letter if an existing pension backed housing loan with another institution is being switched or if you want to settle your bond
** Latest fund benefit statement

Note:
Kindly email the completed form and above-mentioned supporting documents to .smart.housing.plandocs.@.fnb.co.za. For any queries please contact our Help Desk on 087 736 6000.