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Are you planning to make your business bigger and cannot afford the expenses? Have you considered about asking for help? If that is your case, you are in the right place. Direct Axis, one of the financial institutions with prestige in the country, has developed a series of loans in order to make sure you and your business can improve and rise in the market.
In the article you will read now, I will discuss each of the loans that Direct Axis has for businesses, which in fact are two. Then, I will go over the contact details of this company, for you to be able to get their services right after you finish reading this.
Direct Axis has two loans which help to start a business or even improve it: Direct plus Loan and Consolidation Loan.
Which are the steps in order to apply for them?
First you begin the application, you select how much money you want from the bank, you approve or not what the company proposes you, you get the funds and you start enjoying life!
You have the possibility of applying through different means: by phone, email, sms or even at a local branch.
What are the requirements for the loans?
-You need to possess an Identity card that shows you are from South Africa
-You need to keep a good credit score with another financial institution
-You need to provide the bank your financial details
- You need to put forward a paper with information about your income
DIRECT PLUS LOAN
If you apply for a Direct Plus Loan, the bank can grant you a maximum of R 250 000, which is highly recommended to big businesses that plan to spend a lot of money in bills and purchases. Of course as we are talking about lots of funds, the bank will require the business to have a collateral to serve as the guarantee of the loan. Moreover, the earnings of the business play a vital role, as it should be superior to R 12 000, amount that need to be earned each month. Finally, the bank will require applicants to possess a property of their own. If you comply with those requirements, you can obtain the loan and start making expensive purchases that your business needs.
Applicants that request for this loan are given the opportunity to get a rise in their cash flow, since they are able to get a maximum of R 1900 on a monthly basis. How is that? The business will be asked to make a monthly payment whose interest rates are not subject to changes. Moreover, if the business chooses a long financing period, in the end it will end up paying less for the loan.
One of the main advantages of a Consolidation Loan when it comes to financing a business, is that it can provide support to those business owners that are looking to increase the capital they own. Thus, the loan will consolidate the accounts of the possessors of the business.
Another advantage is that businesses can obtain new assets, properties and also make new investments that will turn into more profits for the enterprise.
Additional information regarding Direct Axis Loans:
-The two loans will follow the laws of the National Credit Act number 34, issued in 2005
-The bank will carry out a research about the financial status of each client before granting a loan
-Once the client begins the application procedure, the bank will grant them an insurance to take care of the funds and give peace of mind to the applicants.
-All the repayments the bank will ask clients to make are fixed
-Clients have the possibility of applying from home, which means they are not required to do the paperwork in person
-The bank is only willing to grant clients amounts that the applicant can repay
-The funds can be obtained in no more than 2 days
-The bank will offer you additional policies to guard you and your finances
-The bank has a phone line that functions every day, so that you can get in touch whenever you feel like
Contacting Direct Axis
One of the bank´s offices are located in Southfield, specifically ay 108 De Waal Road, in Diep River. Its phone number is the following: 86 102 0304. It opens during weekdays 08:00 am to 08:00in the afternoon.
There is another physical office with the same schedule in the area of Cape Town, specifically located at
79450 Mocke Road. This office is in Effindale
If you would like to get a Personal Loan, take into account this number:0861 020304.
If you feel like getting a Consolidation Loan, please dial up this number: 0861 243 556.
Both numbers are free and the moment you call, a representative from the bank will give you details and information about the loan you are interested in. However, please bear in mind that when too many people are calling, the lines can collapse and you might have to wait a little bit or it can happen that your call is answered by a machine so that you receive guidance while you wait.
If you enter the bank´s webpage, you can apply for a loan online, get more details about them and also obtain data about the insurances proposed by Direct Axis for South Africans. In this webpage you can also send a message to the bank´s consultants and receive a quick reply within hours.
To conclude, if you would like to start your business from scratch or if you are looking to make improvements to the business you have already set, you can count on Direct Axis to take care of the costs because their loans are quite effective and will give you the support you need. Try contacting the bank and decide whether you will apply for a Consolidation Loan or a Direct Plus Loan, both of which are excellent choices in order to get the funds you are looking for.