Loan Assist

Any applicant who meets the following requirements can apply

Applicants are required:

• To be 18 years or older
• To be earning a minimum gross monthly salary of R2 000 per month (for long term) & R1 000 (for short term)
• To have a bank account against which a debit order can be loaded (SA Major Banks)
• To be a South African green bar coded ID holder/ Temp ID nor less than 2 months old
  

Applicants must also be able to provide us with copies of the following documents:

• SA ID document (Green bar coded ID)
• The most recent 2 months’ bank statements into which his / her salary is deposited
• Their latest pay slip (For commission earners or overtime, the past 3 months’ pay slips)
  

Should the applicant be self-employed, the following additional documents are required:

• Most recent 2 months personal bank statements
• 6 months business financial statements
• Proof that the business has been registered (CK-documentation, VAT Registration). If the business has not been registered, a copy of the rental contract of their business premises
  
  Note: The Agreement will be conducted in the applicant’s personal capacity. The business statements are required to calculate an accurate affordability assessment
  

How can a client be excluded:

• Applicants that are currently under administration, sequestration or liquidation
• Applicants that have applied for or who are currently undergoing debt counselling
• Temporary employed applicants
• Applicants that can not afford the monthly installment