Elite Group is a leading credit provider that provides services to South Africans. It has operations based in five provinces across the country. The institution was established with the aim of providing credit services mainly to the historically unbanked masses in the country.
What loan services does the Elite Group provide?
Elite offers personal and incremental loans, among a range of other services.
These loans are provided on a short term basis and are tailor-made for individual needs. Loan amounts range from R300 to a maximum of R8000.
Loans are repayable from 1 to 6 months.
These loan solutions are designed to meet the needs of individuals who are able to contribute to housing costs financially, but who are not yet able to qualify for housing finance. This is just one of the ways by which Elite Group strives to revolutionise the credit industry.
The loans are offered to home owners who want to build their homes on an incremental basis by extending or improving their existing property. The loans will finance any improvements made on the house which will increase its value.
These loans are offered from R3000 up to a maximum or R20 000. Repayments are offered over a flexible period of 10 years.
What do you need to qualify for an incremental loan from Elite Group?
- Earn a minimum income of R2500- R7500 per month
- Have valid proof of employment for 2 years
- Show ability to service the loan
- Be older than 21 years old
- Be a South African citizen
The loan is then loaded onto an Elite Branded Card. This is a debit card linked to MasterCard, which can be used to purchase building supplies from pre-selected outlets.
To find out more about Elite Group Loans, simply call 011 475 7705 or visit the Elite Loans website here: www.elitegroup.co.za