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As the trusted financial partner to community schemes, Propell does business with transparency, simplicity and flexibility in mind - making us the better choice. Our two core products, Debtor Finance and Project Loans can assist HOA's and Community Schemes with reliable cash flow to cover levy default and complete maintenance projects.
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What financing options are available for community schemes?The key to running a successful body corporate or homeowner association lies in good financials and cashflow management. While this may be simple enough to say, the reality is that situations sometimes arise where a community scheme finds itself without enough funds. It's in these situations that a community scheme will need to borrow funds. A good cashflow is not always up to the community scheme, as other factors can lead to a shortage of funds, such as levies not being paid. In these instances, a body corporate will need to source the funds required to solve the issues at hand, in the form of a loan. 17 Aug 2021 Read more

How Arendsig Body Corporate used Project Loans for their lift replacementRoutine maintenance of your elevators is key in keeping down repair costs as well as proven to extend the overall lifespan of your elevator systems. An elevator is made up of hundreds of moving parts - many of which need to be checked regularly to remain in working order. Maintained lifts are also more reliable, work faster, and provide a better experience for your residents. You also want to make sure that you provide a safe service, especially when it is in regular use every day, and the only way you can guarantee that is if you keep up with your scheduled maintenance. 3 Jun 2021 Read more

Trustee duties in a sectional title schemeSectional title properties have become a popular way of living for many South Africans, and along with this type of living comes a body corporate and trustee setup. When you buy a sectional title property, you automatically become a part of the body corporate which is the collective name for the owners of the properties within the scheme. The role of the body corporate is to manage and maintain the property and the finances of the scheme. Trustees are elected at the Annual General Meeting (AGM) by way of nomination and then each trustee is responsible for a different portion of the overall duties. It's important that trustees understand the role that they should be playing in the body corporate, so we've outlined five key areas of responsibility for trustees below. 12 Apr 2021 Read more

Can body corporates and homeowners' associations borrow money?Good financial and cashflow management is crucial for well-run and efficiently operated community housing schemes, including sectional title schemes and home owners' associations (HOAs). However, there will always be scenarios where community housing schemes would need to borrow money. Can body corporates and homeowners' associations actually borrow money? Yes, they can! 15 Mar 2021 Read more

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