Terms & Conditions of Loan 2018-02-28T18:32:42+00:00

Terms & Conditions of Loan

  • Prospective homeowners must be permanent employees of the RBPlat Group.
  • RBPlat remains the registered owner of the property until 50% of the repayment obligations are met. At this time the homeowner can elect to take transfer of the property and RBRP will register a bond over the property. If not the transfer will happen, when the full amount due has been paid (term-/+18years).
  • No home owner is allowed to sell or rent the property without a written consent from RBRP.
  • The homeowners rights are endorsed over the property and RBRP cannot further trade with the property, except when a breach of contract has occurred.
  • If the employee wants to sell the property (once the property has been transferred) the company has the first option to buy back the property from the employee.