We’ve all had some tough months when we need to borrow some money. Friends and family can be helpful, but they can’t always help. The micro lending industry in South Africa has grown in leaps and bounds in the few years that significant changes have affected the industry. South Africans now have more options when they need access to finance. Traditional lending institutions such as banks aren’t the main options available anymore. An increasing number of people are choosing to use micro lenders for extra finance.
Clientele Loans are available from R3000 to a maximum amount of R120 000. The loans are available in increments of R1000 and you are able to repay the loan in 18 to 60 months.
Why choose Clientele Loans?
Interest rates are fixed, so the loan repayments are not affected by fluctuations. This will be beneficial for you in terms of budgeting.
The loans are unsecured, so there is no collateral required.
Once you have been approved for the loan, it will be paid directly into your bank account. You will also have the freedom to use the loan however you wish.
There are no face-to-face interviews that you have to deal with. You won’t have to wait in any long queues either, so you can save a lot of time.
The application process is quite simple. You can apply over the phone by calling 0861 354 354. The call centre is open 7 days a week from 8am-8pm. You can also choose to complete a Call Me Back form.
A Personal Protection Plan is included, which ensures that your debt is settled in the event of your death, permanent disability or if you contract a dread disease.
The institution is NCA compliant so loans are only granted to people who can afford repayments.
- Be 18 years or older
- Be a South African resident
- Earn a minimum of R5000 or more per month
- Have a good credit record
What do you need to apply?
- Clear ID copy
- Proof of income, such as 3 months’ payslips or bank statements
- Proof of residence
- Provide details of a bank account into which your salary is paid
For more about Clientele Loans, call: 011 320 3000 or send an email to firstname.lastname@example.org