Tag Archives: personal loans

RCS Personal Loans

The RCS Group is an financial independent company which offers individuals a variety of loans including personal loans, home loans, insurance, private label and retail credit cards.

Who may apply for such a loan?

RCS personal loans range from between R1000 to R50 000 and individuals between the ages of 21 and 65, who is permanently employed, and earning at least R2000 per month can apply.

Back up and quality service guaranteed

The RCS Group was established during 1999 by two business giants namely, Standard Bank with 45% shares and Foschini Group with 55% shares, and therefore financial expertise and customer service backup is guaranteed for your RCS personal loans; RCS is also listed on the Johannesburg Stock Exchange (JSE).

How do I go about applying for such a loan?

It really is as simply as filling out an online application from the RCS main website. Simply fill in the form with accurate information and a customer service advisor will contact you within 48 hours to complete the transaction. A real time credit check facility is available which automatically provides information regarding your current credit ranking, and whether or not you qualify for the loan amount.

Because client’s interest is taken to heart, the service agent will need to discuss your current expenses and how much you can afford to pay on a new loan. With this information a feasible approved loan amount will be provided; individuals must be truthful as most of your current credit liabilities and info will appear on the credit bureau listing.

Loan period and interest rates

The repayment on your loan will vary from between 12 to 60 months and the interest will be charged accordingly. Being an independent financial credit provider, individuals should note that the interest rates charges will most probably be higher than the personal loans provided by conventional banks. RCS personal loans are unsecured loans which also mean that no collateral or securities from the individual is required, and therefore motivates the higher interest rates charged and smaller loan amounts offered compared to secured loans.

Other fees

Other fees, including initiation and service fees might be applicable and individuals need to be aware of this. Individuals may be subject to undertake a small insurance policy which will cover your loan amount in the case of dread disease, permanent disability or death.

RCS personal loans are usually must easier to obtain and the application process is simple. Friendly and knowledgeable customer agents will be able to assist with any queries, and whether or not the requested personal loan and repayments will suit your budget. RCS personal loans are ideal to obtain if you require funds relatively quickly. It can therefore not be stressed enough to keep your current debt payments up to date to ensure trouble free and easy access to a RSC personal loan.

Individuals interested in applying for a RSC personal loan or who simply require more information, simply apply at their website

Old Mutual Personal Loans

Funds are made available within minutes of your application for you to spend as you wish without needing to worry about providing spending plans and progress reports before approval is given.

Minimum term of 3 months.Maximum term of 36 months.Qualify for up to R50 000.Fixed interest rate at the time of the application.You need to be employed for at least 3 months at the same employer.The interest rate applied will be determined by your credit score.Only individuals can apply for a loan.You must be older than 18 years of age.

You need to be a resident of South Africa.You must have a valid South African ID document (Green, bar coded, 13 digit).You must provide a current payslip no older than 1 month.You need to provide a consecutive bank statement for the last 3 mont

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    Please Contact your Old mutual Financial Adviser/ Broker or Old mutual Direct in order to apply. Turnaround time is approx 10 working days

ATM loans

ATM loans (Recurring advance deposit): This is an electronic service allowing customers to apply for small loans and receive immediate payouts at an ATM. It is a South African first. Currently FNB and ABSA offer the service where a customer can check to whether he or she qualifies and withdraw the amount, all from the ATM.
It is more like an overdraft facility where the amount is offset against the next deposit.

ABSA Personal Loans

Whether you want to give your lifestyle a boost or have an unexpected expense to deal with, a Personal Loan from Absa is the cost-effective way of making it happen.

A Personal Loan is an excellent way of financing a planned or unplanned event. You enjoy immediate access to the entire loan amount and can negotiate repayment terms to suit your needs and budget.


A Personal Loan could be the right choice if you:

  • Need to access R3 000 to R150 000 quickly, with variable and fixed monthly repayment options and up to 84 months to pay
  • Are a South African citizen or permanent resident, 18 years or older, with a valid identity document
  • Receive a minimum income of R2 000 a month
  • Have a bank account into which your salary is deposited
  • Have proof of your current residential address, such as a municipality or rates bill
  • For personal loans below R 15,000: fixed monthly repayments and up to 60 months to pay.
  • For personal loans above R 15,000: variable monthly repayments, linked to prime and up to 84 months to pay.
  • For personal loans over R 30,000: you qualify for a longer repayment term of more than 60 months.

Rates & Fees

  • Competitive interest rates which are determined by your individual risk profile.
  • Initiation fee will be charged on all new personal loans based an individual risk profile.
  • Monthly service fee will be charged on all loans.

How do you qualify for Personal Loan from Absa?

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  1. To apply you must be either a South African citizen or permanent resident and be in possession of a valid Identity Document and 18 years or older.
  2. You must have minimum income of R2, 000 per month and hold a valid bank account into which your salary is deposited.
  3. Proof of current residential address, e.g. electricity or cell phone statement, etc.

 

Nedbank Personal Loans

Whether individuals require extra cash for a holiday or a larger amount as a deposit on a new vehicle,Nedbank personal loans is the answer for you.

Nedbank offers both secured and unsecured personal loans to individuals.

What is the difference between secured and unsecured loans?

Generally a secured loan means that you have signed over some form of security, such as a mortgage, which the financial institution may sell if individuals do not repay their personal Nedbank loans as agreed.

With Nedbank some pension or provident funds have established agreements with Nedbank where the money available in an individual’s pension fund can be used as collateral by the particular individual to obtain a Nedbank personal loan. These individuals need to comply with the following strict criteria before a secured Nedbank personal will be offered:

  • Must have permanent employment for at least 3 months by the same employer, or employed for 12 months with the same employer when earning weekly wages.
  • Provide the latest salary slip.
  • Must be able to proof a net salary or wage of at least R1500 per month which is electronically deposited into a bank account.
  • Must provide a green South African bar-coded identity document.
  • Provide proof of residence such as an electricity or rates and taxes bill.

Unsecured Nedbank personal loans are probably the most common form of loan given to consumers and can range anything from R2000 to R120 000. If approved the cash amount is deposited directly into the account in which you receive your salary; it doesn’t even have to be a Nedbank account! Payments are debited directly from your account over a repayment period of between 12 to 60 months.

The same criteria for secured loans exists with the exception that 3 months bank statements are required from the individual applying for the loan.

A unsecured loan usually is given at a higher interest rate because no collateral is required from the individual and therefore the risk to Nedbank is far greater. With unsecured Nedbank personal loans individuals are obliged to take out insurance on the loan amount which will pay off the loan in the unforeseen event of death, retrenchment or disability.

It is always good practice to pay your liabilities as agreed as your payment history is reflected at the credit bureau and influence your application process. In most cases interest rates charged is a direct result on how you manage your finances.

Why not step into a Nedbank branch to see if you would qualify for a Nedbank personal loan? Friendly and knowledgeable staff will guide and assist you through the application process, and will discuss the amount you can afford to repay on a monthly basis. Alternatively individuals may complete an online application.

Interested individuals seeking more information about Nedbank personal loans can enquire at their closest Nedbank branch.

RCS Personal Loans

RCS Group is an financial independent company which offers individuals a variety of loans including personal loans, home loans, insurance, private label and retail credit cards.

Who may apply for such a loan?

RCS personal loans range from between R1000 to R50 000 and individuals between the ages of 21 and 65, who is permanently employed, and earning at least R2000 per month can apply.

Back up and quality service guaranteed

The RCS Group was established during 1999 by two business giants namely,Standard Bank with 45% shares and Foschini Group with 55% shares, and therefore financial expertise and customer service backup is guaranteed for your RCS personal loans; RCS is also listed on the Johannesburg Stock Exchange (JSE).

How do I go about applying for such a loan?

It really is as simply as filling out an online application from the RCS main website. Simply fill in the form with accurate information and a customer service advisor will contact you within 48 hours to complete the transaction. A real time credit check facility is available which automatically provides information regarding your current credit ranking, and whether or not you qualify for the loan amount.

Because client’s interest is taken to heart, the service agent will need to discuss your current expenses and how much you can afford to pay on a new loan. With this information a feasible approved loan amount will be provided; individuals must be truthful as most of your current credit liabilities and info will appear on the credit bureau listing.

Loan period and interest rates

The repayment on your loan will vary from between 12 to 60 months and the interest will be charged accordingly. Being an independent financial credit provider, individuals should note that the interest rates charges will most probably be higher than the personal loans provided by conventional banks. RCS personal loans are unsecured loans which also mean that no collateral or securities from the individual is required, and therefore motivates the higher interest rates charged and smaller loan amounts offered compared to secured loans.

Other fees

Other fees, including initiation and service fees might be applicable and individuals need to be aware of this. Individuals may be subject to undertake a small insurance policy which will cover your loan amount in the case of dread disease, permanent disability or death.

RCS personal loans are usually must easier to obtain and the application process is simple. Friendly and knowledgeable customer agents will be able to assist with any queries, and whether or not the requested personal loan and repayments will suit your budget. RCS personal loans are ideal to obtain if you require funds relatively quickly. It can therefore not be stressed enough to keep your current debt payments up to date to ensure trouble free and easy access to a RSC personal loan.

Individuals interested in applying for a RSC personal loan or who simply require more information, simply apply at their websitE

Direct Axis Personal Loans

As an authorised Financial Services Provider with many years in the financial services industry,Direct axis offer a range of solutions and benefits that are designed to cater to our customers’ every need. This includes a choice of two loan solutions – with up to R150 000 cash available.
Choice
Choose a DirectAxis Personal Loan of up to R100 000 or a Direct Plus Loan of up toR150 000!

A DirectAxis Personal Loan of up to R100 000 could be yours within 48 hours!This is an unsecured loan that you can pay back over a repayment term of 2 to 6 years. You can choose the loan amount that suits you, from R4 000 up to R100 000 (in increments of R1000), and the money could be in your bank account within just 48 hours.

A Direct Plus Loan of up to R150 000 with fixed interest rates! For those larger needs and expenses, a Direct Plus Loan amount from R50 000 up to R150 000, could be the answer. This loan is secured against your immovable property. Opt for a repayment term from 4 to 10 years. A portion of the loan could be in your bank account within just 48 hours and the balance could be within 2 months. An added benefit is that DirectAxis pays for the full conveyancing fees.

Whichever loan solution you choose, you are free to use the money however you like – make those home renovations, pay for your child’s education, consolidate your retails accounts and more!

Fixed rates

Repayments are fixed at our current interest rate for the full term of your cash loan – they never go up, no matter how much interest rates do!

Easy access

Apply for a loan online or over the phone 7 days a week from 8am to 8pm.
No face-to-face interviews or unnecessary paperwork.
Cash deposited directly into your bank account.

Speed

Fast application and speedy processing gives you direct access to the money you need! Plus, get a decision in seconds on whether you qualify – no waiting around when you fill in our short online loan application form.

Peace of mind

You’re dealing with an authorised Financial Services Provider. DirectAxis has always promoted responsible lending and is compliant with the National Credit Act, No 34 of 2005. All of our loans include our Personal Protection Plan which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. This plan also includes limited cover in the event of temporary disability or retrenchment. You’re free to substitute the Personal Protection Plan with a policy of your choice, provided the cover offered is equivalent.

We try to accommodate all requests, but ultimately your final loan amount will be based on your personal financial profile and subject to credit approval.

Get an instant decision by filling in our quick loan application!

Loans are subject to the National Credit Act No. 34 of 2005. All loan applications are considered and are subject to credit approval by DirectAxis. This offer is subject to expiry at the discretion of DirectAxis

Woolworths Personal Loans

Get a Woolworths Personal Loan and get all the things you want, Woolworths offers two types of loans; a relvolving personal loan that gives you: a choice of 12, 24, 36, 48 or 60 month repayment periods each time you borrow, the opportunity to re-use money that has been paid back towards the loan, the convenience of being able to access cash through our easy interactive voice message system, the ability to withdraw a minimum loan of R1000, increasing in multiples of R500, no penalties for settling the loan earlier than the original term of the loan, low monthly service fees and no initiation fees

And they also offer a fixed term personal loan that gives you: a choice of 12, 24, 36, 48* or 60* month repayment periods each time you borrow, fixed repayments so you can plan and budget accordingly
an interest rate that is fixed until the loan has been paid in full, low monthly service and initiation fees the opportunity to re-apply once your loan is settled, no penalties for settling the loan earlier than the original term of the loan. *not available for loans under R10 000.

Woolworths Personal Loan contact details:

TELEPHONE: 0861 50 20 10
FAX: 0861 99 91 94
EMAIL: wwfs@woolworths.co.za

Sanlam Personal Loans

Sanlam Personal Loans is up to R 100 000 whether you need money for unexpected expenses, a medical crisis, to further your children’s education, renovate your home or consolidate your accounts – a *Sanlam Personal Loan of up to R100,000 could be the ideal solution. And of course, it makes perfect sense to turn to someone you already trust with your finances; someone with an established reputation and many years of experience in the financial services industry…

Plus, now you don’t have to wait any longer for the things you need! Apply online right now in 2 easy steps – start by completing our short application form. You’ll have a decision in seconds and a cash lump sum could be in your account within just 48 hours!

Contact details:

Call 0861 08 08 88 to apply – 8am to 8pm, any day of the week.