An Informational Video for Employees: Home Loans Available through Diversified Umbrella Fund

# Tennant Group Home Loans for Diversified Umbrella Fund Members

In this informative video, Steve Tennant, Managing Director of the Tennant Group and a sponsored trustee on the Diversified Umbrella Funds, announces the exciting news that the NCAA has granted approval for the Diversified Umbrella Funds to provide in-fund home loans to its members.

Unlike other umbrella funds, Tennant Administration Services does not outsource home loans to another credit provider. Instead, the members can directly take the loan from their share of the fund and pay it back monthly. This method ensures that a member’s share of the fund is not affected by any investment drawdowns, providing a more secure and reliable option for home loans.

The specific criteria for members to be eligible for a home loan from the Diversified Umbrella Funds are clearly outlined, including ownership or rights to build on the property, residency requirements, and allowed usage of the loan amount.

This facility provides a convenient and affordable mechanism for staff to enhance their homes through their employer, with benefits such as creating a better working environment at home.

Watch the full video to understand the process and requirements for applying for a home loan from the Diversified Umbrella Funds. If you have any further questions, feel free to contact your broker or consultant directly.

For more information on the Diversified Umbrella Funds and Tennant Group, visit [Tennant Group](https://www.tennant.co.za/) and [Diversified Umbrella Funds](https://www.thesait.org.za/page/about-the-fund).