Are There Bidvest Bank Loans? Email Address and Phone Numbers
Are you searching for a loan with Bidvest Bank? Did you know this company has a wide array of loans available? Yes, there are plenty of them, and if you keep on reading this article, you will find more about them.
In this article, I will focus on their two main loans, which are Business Loans and Vehicle Loans. After that section, I will move on by focusing on the different means of communication through which you can contact the company, such as email addresses and phone numbers.
As said before, Bidvest has created two type of loans for its customers:
Regarding loans for starting a business or improving the one you are part of, there are 5 options available at the company:
1)Asset-based finance: this is a very reliable way through which you can easily finance a car for your company if you agree to pay fixed monthly installments. Even the lease of your car is very possible due to this loan. Take a look at different benefits you will be enjoying:
-Your monthly rentals will be very diminished, so as for you to save money
-You will not waste lots of money if you administer the car yourself
-Your car will not be for sale, so the value of it will not be lost
-Your cash flow can increase thanks to a loan
-All the rentals will be taken as operating charges
-The company has created a contract which is subject to changes, so it is quite flexible and accessible
-New assets can be acquired by you at any moment
-You are granted a Personal Insurance to protect you and your assets
2) Rental finance: this kind of loan has certain things in common with the first one mentioned, but with this one you are not allowed to receive protection when you need to make repairs to the car you own. The following are its characteristics:
-You are able to finance expenses created by your car´s usage, but not the fuel ones
-Interest rates are fixed, which means there will not be changes in the long term
-You will be requested to only pay for the portion of the depreciation you have used
-You are expected to pay only the portion of the Vat you have used
-The residual value of the loan is set by the company
-At the end of the loan, you are given the option to own the car, but that is not obligatory
3)Installment Sale Finance: if you would like to buy a car or any other means of transportation and you can pay monthly installments which will last for a year, let me tell you this loan is just for you. All the expenses generated by your car are included here and you are able to use the wear and tear service, which is 20%, not more than that. Furthermore, there exists a depreciation of 5%
4) Commercial Property Finance: if you want to finance a new house or make improvements to one you own, you can do it with this type of loan.
5) Medical Equipment Finance: the usage of this loan is to buy equipment, appliances and materials that are very useful for medical professionals.
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If you are looking for a sustainable way to finance a vehicle, those loans are right for you, take a look at the benefits they give you:
-Being able to finance less taxes
-Receiving assistance if you are with your vehicle on the road and something happens
-Getting a comprehensive cover whose insurer you can choose
-The opportunity of buying the car you always wanted to possess
Having said that, let focus on the options available when it comes to vehicle loans:
1-Instalment Sale Agreement: this is an agreement that lasts for about five years, period of which you have in order to complete the financing of your car. If you have received the car allowance you are more than welcome to apply for this loan, and you have lots of time to pay for it. What is more, you can choose between the usual payments or balloon ones, so as to save some money.
2-Finance Lease Agreement: take a look at this loan if you want a shorter period of time to complete the financing of your vehicle. However, you must have received the car allowance. By acquiring this loan, you re given access to balloon payments and you are able to possess the loan after paying the last installment.
3-Operating Rental: by acquiring such loan you have the chance of leasing the vehicle you want, if you agree to pay for it in about 60 months, no more than that. But, the period of time is usually determined by the usage you gave to your car. Moreover, the cash outflow will be lowered and also the risks you will be taking be diminish.
CONTACT BIDVEST BANK FOR A LOAN:
Take a look at Bidvest´s customer centre, which is a free phone number you can phone so as to ask for questions you have regarding the loans explained above:0860 11 11 77. By dialing up that number you will be transferred to an representative and then you will be asked about the two most important codes, which appear in the company´s webpage. But, if you are calling from another country, please take advantage of the following number, which is not free, but is a way of communication with the company effectively: 27 11 407 3103.
Another way of communicating with Bidvest is through its email address, which is really helpful for those customers that want more information about loans:email@example.com
One of the offices you can go to is located in Bloemfontein, at the shop 7A, located at 103 Henry Street, which can be found at the Loch Logan Waterfront
There is another office located in Cape Town, inside the Foreshore. The exact address is 33 Martin Hammerschlag Street, in the 6th floor of this building.
Questions and answers
Bidvest is offer a personal loan?
No, Bidvest Bank offers financial services for individuals, but personal loans are not one of these services. At this bank, you will find loans for corporations or smaller companies. Please, browse our web to find articles about the different options of companies that offer personal loans for individuals in South Africa.
Does Bidvest offer insurances?
Sure, there are plenty of them
How do I pay for a loan?
Will I be penalized?
If you do not comply with payments that is possible
Agents at the Cape Town office were really helpful
The customer service is great
Refinancing options are given to you