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If you are searching for a company to apply for a loan with, this article will for sure be useful. There’ll be information about 1Life, which is a company working in South Africa. The principal activity relates to insurance products; however, you can also take personal loans with it. That’s why I’ll discuss the application, online calculator they offer and, the features. Of course, you can also get the contact information in case you decide to apply with them.
Firstly, I want to provide you with 1Life contact details so, you can apply as soon as you make up your mind.
What are 1Life email addresses?
In case you have general enquiries, write to firstname.lastname@example.org but, there’s also an email address for client service and, it’s email@example.com.
What are the contact numbers to reach 1Llife?
There are 2 choices when it comes to call them on the phone. One of them, 08 60 10 5340, is Sales and, the other, 08 60 10 5194 is to talk to 1Life Client Services. In addition, there’s also a fax number, 08 60 10 5197 for you to send documents required for the application.
What are the opening times for 1Life?
If you need Client Service’ assistant, you can talk to them from Monday to Thursday - from 8 am to 6 pm, on Fridays – from 8 to 5 pm and, on Saturdays - from 9 to 1 pm.
What do I need to know about 1Life Consolidation loan?
To start, this loan can be of great help if you are currently repaying several debts at a time. If you consolidate your debts, you will put together all those monthly payments into just one. This is how it works: instead of paying each month for so many instalments with their interest charged, you will pay only one instalment, which means, there will only be one monthly debt. This is the perfect method to organize your liabilities and, save money on interest as, you will only work with a single creditor, 1Life.
What does 1Life request to go over the loan application
Provided that you enjoy a steady income thanks to a regular job and, you can prove your credit references are clear, you can be eligible for working with 1Life. Before you approach their branch, assure yourself you can present the following items to check the veracity of the information you stated:
Of course you’ll need to take your ID.
Also, 1Life needs a document to check your salary like, a proof of income or, bank statements in some cases.
Besides, you have to provide 1Life with precise and detailed information about the bank account through which you receive your monthly income.
Take into consideration the fact that there’s a minimum monthly income required to be eligible. So, make sure you earn high enough to cover the debt.
Once you are sure you meet the previous list, you can apply in the simplest way: going online and filling in the application form, which needs basic information about you. For those who don’t want to give up the face to face conversation, you can go to the branch and complete the form in person. No matter the method you choose, remember you can contact their client service and, 1Life consultants will be pleased to assist you on eliciting any query.
How does 1Life loan calculator work?
Whether you need the money to consolidate your debts or just to make a big purchase, it is advisable to know from the begging how much you need to cover the monthly debts. Because of this, you should take advantage of the online calculator they offer. The best part is that it works really simple and fast. By submitting the sum of money you need and, how many years or months you want to spend repaying it, you are shown an approximated monthly payment.
For instance, if you borrow R 55000 to cancel in 4 years, you will have to put aside R 2262 per month. Now, if you think you can afford higher monthly installments, you can change the term to see if you can finish repaying it early. Let’s say you borrow that amount but, for over 3 years, the money you’ll need to pay monthly will be of R3390. This is how; you can try different terms to get a possible scheme and, organize your finances better.
1Life Personal Loans main Features
1) Rates are competitive and fixed so; they won’t change while you are paying the loan. This characteristic makes borrowers feel confident when entering a contract.
2) You will be informed about your fees from the very start which means, you won’t suddenly get hidden fees on the way.
3) Online application to make everything faster and easier.
4) As the National Credit Act regulates 1Life loans, applicants will only be approved providing they can afford the cost of the loan. This means, your chances of failing to repay are minimal, as long as you respect the payment schedule.
5) There won’t be pointless paperwork to delay the process.
You ought to know that personal loans issued by 1Life are handled by Direct Axis, which depends on FirstRand Bank Limited. You may be interested in knowing there’s another insurance company working with Direct Axis to deal with the management of their personal loans. This company is Auto & General and, it works in a similar way than 1Life.
Getting a loan is usually a nerve-racking topic. It’s of paramount importance to know who we are working with in order to know if it’s convenient for us. As you can see, 1Life can provide their borrowers with many advantages: they have a great service at the hand of any applicant and, they are willing to help the borrower in any detail. In addition, there’s another company in the same category that can be seen as another probable option. So, if you want to take a loan, these entities may be the solution you need.