What is FLISP?
FLISP is Finance Linked Individual Subsidy Programme which provides a subsidy to qualifying beneficiaries who have secured mortgage finance to acquire an existing house or a vacant residential serviced stand linked to a house construction contract. The subsidy is paid to your bank or financial institution in order to reduce the initial mortgage loan amount to render the monthly loan repayment installments affordable over the loan repayment term and to make good on any shortfall between the qualifying loan amount and the total product price.
The FLISP subsidy can assist you to:
- Purchase an existing residential property for the first time.
- Purchase a vacant serviced residential stand(ie. plot) which is linked to a house-building contract via the department.
- Build a new house with the assistance of a builder registered with the NHBRC, on a serviced residential stand(ie. plot) that you already own.
What is the qualification criteria to apply for a FLISP subsidy?
- The applicant must be a South African citizen or must hold a permanent residence permit.
- The applicant must be 18 years of age or older or legally married or legally divorced and of sound mind.
- The applicant’s current total household income must be between R3 501 and R22 000 per month, excluding overtime and commission but includes allowances.
- The applicant or his/her spouse must not have previously derived benefits from the housing subsidy scheme or any other state funded or assisted housing subsidy scheme which conferred benefits of ownership, leasehold or deed of grant.
- The applicant must not be owning any other residential property nor previously owned fixed residential property.
- Where the application is made for a subsidy on the basis of a legal marriage or cohabitation arrangement, it is required that the property must be registered in the name of both spouses in the Deeds Office.
- The applicant may be single but with proven financial dependents.
Any individual who has already purchased a property which has already been transferred into his or her name with effect from 01 April 2012, 01 April 2014 or 28 July 2018 will also be eligible to apply for the subsidy provided that they meet the requirements, of the respective policy revisions.
What is the subsidy amount that one can qualify for?
The subsidy amount depends on the income of the applicant.The range is between R27 960 – R121 626. To view your possible subsidy amount CLICK HERE.
How do I apply for the Finance Linked Individual Subsidy Programme?
Once your home loan is approved, a FLISP application can be discussed with your bank, financial institution, the Department of Human Settlements or your nearest municipality.
Interested applicants can also visit the Department of Human Settlements Helpdesk at 11 floor Eagle Building (munchies passage), 353–356 Dr Pixley KaSeme (former West street), Durban.
For enquiries please contact the KZN Department of Human Settlements on the following numbers:
031 336 5396 / 031 336 5262 / 031 336 5277 / 031 336 5285 / 031 336 5418 or visit our offices on the 11th floor, Eagle Building, 353–356 Dr Pixley KaSeme (former West street), Durban.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.
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