TUSK F.A.Q

Q. What are the requirements to qualify for a loan?
A. An applicant must be the main contractor appointed by the supplier. He/ She must have an appointment letter stipulating the value of a contract or project including the duration of the project

Q. What are the requirements to apply for a loan
A. - Must be a registered contractor as a CC / Pty Ltd
- Have a CIDB certificate/ grading
- Must be registered with NHBRC if building houses
- Must be registered for VAT with SARS
- Must have a Tax Clearance Certificate
- Must have Raft design and Plans if building houses
- Must provide actual BOQ (Bill of quantities)

Q. What is the interest rate on borrowed capital?
A. The interest rate is charged at Prime + 1 %

Q. Are there other fees charged over the above interest
A. Tusk charges additional fees for professional service rendered in terms of administration, legal, financial management and material purchases.

Q. Does Tusk provide performance guarantee?
A. Yes based on the agreement between the contractor and Tusk and the value of the project.

Q. Which projects does Tusk and Nurcha assist with funding?
A. Infrastructure and Community facilities projects ( roads, drainage, water reticulation , building of clinics, schools, libraries, the refurbishment of buildings building of subsidy houses or RDP houses.