FAQ

Q : Who is personal-loan-applications.co.za?

personal-loan-applications.co.za is a services company based in Durban, though through our call centre assist clients’ country-wide and deliver a premium loan finding service.

Q. Can I apply if I have a bad credit history?

We specialise in finding loans for people with bad credit records. We encourage you to apply and be honest with us when you do as this will help us find the most suitable partner for your needs.
We are here to help you so please try to complete the application as accurately as possible.

Q: What can personal-loan-applications.co.za offer me?

First we provide you free assistance in finding a loan that suits your particular needs. We assist you regardless whether you have poor credit history; have judgments against your name or defaults. Secondly, we can offer you pre-paid credit card facilities.
We want to get you the loan you want, if for any reason we can’t, then we can look at what best suits your needs and try to find the best solution available for you.

Q: What are personal-loan-applications.co.za criteria to assist my loan application?

In order for us to assist you in finding a loan we have to ensure that you are eligible for the potential money lenders/brokers and for our service.
You have to be a South African citizen, aged between 18- 65 years and not have had filed for bankruptcy.
Don’t worry though, we can assist people who already have bead credit records.

Q. Will you run a credit check on me?

No, we do not run credit checks on our applicants, though some money lenders / brokers may choose to do so.

Q. How long until I know the outcome of my loan application?

We will SMS your application outcome within minutes of receiving notification whether you’re application has been successful. If you are successful, we will forward your details to our panel of lenders/brokers to start finding the loan you are looking for.

Q. What is the amount I am able to borrow?

We are able to find you suitable money lenders who can lend from R2000 up to R250 000. The amount that is borrowed is dependent on your criteria, situation and subject to the lender/broker.

Q. When will I expect the payout?

Our lenders/brokers aim to payout same day your application is approved. Your money could be in your bank account within hours of your application!

Q. How can apply for a loan?

For your convenience you are can apply either online or by calling our call centre.

Q. I am married. Is it necessary that I include my spouse regarding the loan finding process?

No, it is not necessary to include your spouse but if you choose to, you can.

Q. How many times can I request a loan application?

You can contact us should you wish to extend the loan. We STRONGLY advise you not to complete multiple applications from different sites/brokers, as this will reduce your credit score and the chances of us securing your loan.

Q. How long until I have to repay the loan?

The terms of loan repayment is subject to the terms and conditions provided by the lender. Each application is unique and as such your money lender/broker would best be able to give advice. Generally, personal loans have a repayment period between 12 and 72 months and are subject to what you qualify for and can afford.

Q. APR for personal-loan-application.co.za

APR is a term that stands for Annual Percentage Rate per charge. EXAMPLE:

personal_loan_application_repayments

Loans are subject to the National Credit Act No. 34 of 2005. All loan applications are considered and are subject to credit approval. Your rate and initiation fee will be determined according to your personal risk profile. For illustration purposes, the figures in this table are calculated at an interest rate of 26% per annum.
*Rates and fees are current as at 2 August 2013 and are subject to change at the discretion of Personal Loans.