SMC Loans are designed to deliver all the benefits their clients could need. You can apply for any amount, from R500 to R180 000. You can tailor your repayment term to suit your budget (from 3 months to 3 years) and payments are fixed for your full loan term, so that you can budget easily: payments will never increase!
What’s more, because they’re committed to responsible service, they’ll always take your current financial circumstances into consideration and never approve you for more than you can comfortably afford to pay.
You can use your SMC Loan as you choose, and it’s the ideal way to consolidate your accounts and improve your cash flow. For instance, if paying your monthly credit card and retail accounts is leaving you with less cash than you would like – just apply for a loan with SMC Loans and use it to pay off all your accounts.
Personal Loans – Loans between R500 to R180 000, with 1 – 48 months to pay.
The perfect option for those needing a personal loan, but have a bad credit record and/or are blacklisted. If you are 18 years or older, permanently employed for 3 months minimum, earning a minimum of R2,000 a month and are in the possession of a bank account and SA green bar coded ID, then you will qualify for this loan.
Consolidated Debts: Minimum loan of R10 000 with no maximum.
This option is ideal for those requiring a way to consolidate and clear all of their debts, with a single repayment rather than multiple payments to various financial institutes. If you are not under debt review or have any court orders or summons to your name, then this is an excellent way to pay off your debts under one roof. Self-employed and full-time employed are both catered to.