What are the Requirements to get approved for a loan?
You need to be over the age of 18 and a permanent SA resident with permanent address. We will also require and email address and cell phone number from you plus your current SA bank account details. In addition to this, we will also require you to be able to repay the loan amount in full on the specified date.
How Much Can I Borrow?
For first time customers, you can borrow anything between R100 – R2500. If you continue to meet the requirements and repay on time and in full, further applications can be considered up to R8000
What are the Charges?
When going through the application process, we will clearly display the charges associated with the amount you wish to borrow and the timeframe you wish to borrow it over. The charges are displayed in full before completing and submitting the application. There are no hidden or additional charges added
Do you do a Credit Check on Me?
Yes. We will use the information you submit in your application to conduct a credit check. However, it is worth noting that the requirements are more lenient and we do consider less than perfect credit history. All we need to know is if you are able to comfortably repay the loan.
I have Bad Credit – Will I still get accepted?
We take all situations and circumstances into consideration. In some cases, we may ask for further information to help support you application. We understand that you may have had credit issues in the past and will take into consideration your current situation and not necessarily your past.
What Personal Information Do you Need?
We need your Full Name, Address, Email and Phone Number as well as details regarding your income. We also require your current bank details in order to make the funds transfer to you.
Do I Need to be Employed?
You need to have a regular income so you can comfortably repay the loan on the due date. This doesn’t mean that you have to work a 9-5 and we do accept applications from the self-employed, freelancers and consultants
Is this related to my employer?
No, this type of loan does not have any direct affiliation with your employer. Some employers offer a similar service as part of employee benefits schemes however we operate as an independent lender and will not be able to collect re-payments directly from your employer.
Im not a Homeowner – can I still Apply?
Yes. We accept applications from tenants as well
Do I need to tell you why I want the Loan?
No. We don’t need to know what you require the payday loan for and provide cash for any purpose. We just need to know that you can repay on the date specified by you during the application process
How Long Will it Take to get the Money?
Very Fast! In most cases, we provide a same day payout. Certain smaller banks may take a little longer but we will notify you once the transfer is complete.
When Do I Have to Repay the Loan?
This is left up to you! We strongly suggest that you choose your next payday as the repayment date but longer terms can be arranged.