Compare the best loans of South Africa and find the lowest rate
If you need to take a payday loan, you should have Cash Converters in your mind when deciding the lending company to apply for it. As they have branches all over the country, including in Randburg, South Africans have great chances to find branches in their area. We’ll explain how to apply for the different loans alternatives along with the requirements needed and, we’ll also go over some addresses in Gauteng.
To begin with, we recommend you to have this chart at hand to take advantage of its content.
Cash Converters Important Information
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South African ID, payslip, bank statement
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Age majority, monthly income, South African
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As low as R400 up to R20000
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Honey Crest Shopping Centre, Randpark Ridge
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011 79 46 241
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From 3% up to 5%
How to apply?
As Cash Converters offers 3 different types of payday loans, your loan application procedure will manly depend on the loan you choose. But, don’t worry as any of the alternatives is really simple to follow and efficient. Besides, there are just slight differences between them. The characteristic they all share is that, you must apply in person, that is to say, you should start by looking for the nearest branch, which will be very simple as, they have several branches in South Africa.
We want to start with the loans with the lowest quotes. We’re talking about Payday Advance mini loans and, 1/ 2/ 3 mini loans. These options have the characteristic to lend a rather short amount of money to repay between 1 and 3 months.
As we mentioned, once you find a branch, you visit Cash Converters to discuss what you need. Second, you’ll be given the application form to complete with information about you and, about the loan. Third, you give in the form together with documentation proving the information in it is valid. Fourth, you’ll have to wait for Cash Converters response about your request. For PayDay Advance, you’ll wait between 20 and 30 minutes but, for a 1/2/· mini loan, you’ll have to wait between 1 and 2 days to get the answer. In any of the cases, if you’re approved, you get the money immediately in cash or, onto a Cashies Card.
As final step, you return the money borrowed according to the term of your loan. On the next day you’re paid in your job if you take a Payday Advance or, in three different payments if you go for a 1 / 2 / 3 mini loan.
Now, we’ll explain what Cash Advance application is about. In this case, the amount borrowed can reach R20000 but, Cash Converters needs to take a valuable object of your possession as security. So, the application goes in a different way.
When you reach Cash Converters’ branch, you must remember to take the item with you. There, you’ll have a conversation with their consultants about the terms of the loan you want. Following, they’ll test the quality of the item to verify it works properly and the condition of it. Having that testing on mind, Cash Converters will make you an offer and, you’ll have to decide if it’s good enough for you. In the case you agree on that offer, you’ll take the money with you leaving the item to be properly kept by the company.
Finally, after a month, you should go back to the branch to repay the loan and, to have your item back.
Cash Converters Requirements
There are some basic requirements for any loan you take but, of course there’s a slight difference with each loan.
If you intend to have one of the normal payday loans, pay attention to this list:
a) they require applicants to be from South Africa, and be at least 18
b) they also need applicants to have a regular job and,
c) their salary must be paid electronically.
d) Cash Converters’ applicants are also requested to have a mobile number..
But, if you’re thinking a Cash Advance loan is what you need, these are the points you must pay attention to:
a) you must be the owner of the object, with no exception.
b) you ought to repay the money within a month, and no more time than that.
c) you should be old enough to be legal for you to get a loan.
d) you must take your ID document, Passport, Smart ID Card or, Driver’s licence to prove your identity.
e) being South African it’s not a requirement for this loan.
Cash Converters Contact Details
We’ll now go on expanding on the different ways clients have to contact Cash Converters. First, we’ll start with the telephone number and email address from their Customer Care. These can be used from any part of the country. The contact number is 878 20 40 10 and, the email, email@example.com. You can reach them on weekdays, from 8:00 up to 17:00 or, on Saturdays, from 9:00 to 12:30.
Let’s see the offices you can approach to in order to apply.
We’ll refer specifically to the province of Gauteng but, always keep in mind; they have branches in other areas and provinces. In Midrand, you can go to the Head Office located at Road 22 Mac-Mac in Vorna Valley. This office’s contact number is 878 20 40 60 and, it functions on weekdays, from 8:00 to 17:00.
Let’s move on directly to Randburg. We’ll detail three branches in this area. One of them can be seen at Heathway Square, in shop number 40B of Beyers Naude Drive. A second Cash Converters branch is located at Drive Bram Fischer number 220. And, the third one is in the corner of Beyers Naude and Duiker Avenue. There, you should go to shop number 30 of Honey Crest Shopping Centre in Randpark Ridge.
To conclude, we want to remind you this is one of the most reliable companies from South Africa offering payday loans to their clients. As it was shown in the article, you have three exceptional alternatives to choose from. So, no matter which is your situation, Cash Converters can be the help you need.