Funding initiatives that aim to ease the financial strain on our Community Scheme clients.
Amid challenging and uncertain financial times, there is a great need for businesses to deliver value.
Times have been tough for many in South Africa, even before COVID-19 hit the country hard. Most people’s finances have been negatively impacted by the pandemic in some way or another. Salary cuts, job losses and unexpected expenses are common experiences. Community Schemes, as a result, are feeling the strain.
With this in mind, Sectional Title Solutions is pleased to announce two initiatives that are aimed at helping our clients and industry.
We have reduced our interest rates
We care, and we exist to help our clients, so we decided to review and then revise our term funding model. We have made it possible to offer our valued clients cheaper lending rates without any additional T’s & C’s.
It is a growing concern in the industry that many Community Schemes will suffer the effects of the current economic downturn and as such we are committed to doing our part by making our funding more affordable and accessible. Our ethical business practice and market-leading solutions make us the perfect partner in providing a sustainable financial solution for the future.
We are rewarding our clients for good repayment behaviour
STS is passionate about building long-term relationships with our valued clients. A key element of this is supporting and promoting good financial management. We want to build loyalty by putting money back into our clients’ pockets with our interest rate reduction incentive. It’s simple: we reward our clients for repaying the funding provided.
As the loan is paid off, and certain benchmarks are reached, the Community Scheme will pay less interest and enjoy a lower interest rate for the duration of the loan.
What's the big deal?
We are helping our clients and this community! The revised costing model and interest rate reduction incentive both reduce costs and improve cashflow. This ensures the financial sustainability of our valued clients.
These initiatives are yet another significant development and bolt-on benefit of our Funding and Treasury solutions, which ensures that we remain at the forefront of innovation in the Community Scheme funding space.
*Terms and Conditions apply
Why choose our funding and treasury solution?
We’ve helped Community Schemes go from surviving to thriving by assisting them with funding options that meet unique needs.