5 Advantages of GetBucks Loans in South Africa | Calculator
If you need cash and are tired of how long banks take to approve loans, this might be just what you need. GetBucks Loans is an online credit lending company in South Africa that makes borrowing money super easy and quick. Its 5 advantages will be discussed in the following paragraphs; as well as loan calculators, requirements and more.
How to Apply for a Loan at GetBucks?
GetBucks Loans is an online company that provides financial services to South Africans who are often unable to request loans at regular banks. Many banks impose strict requirements that many people cannot meet. This situation might make many people turn to credit companies that are not trustful at all and that get them into serious trouble.
Luckily, companies such as GetBucks Loans aim at making loans accessible for people. For this reason, they have designed a completely user-friendly platform to allow customers to ask for loans as easy and convenient as possible.
To apply for the loans offered at GetBucks Loans, all you need to do is complete their online loan application. In this step-by-step form, you will need to provide your personal and financial information.
Moreover, this company is registered with the National Credit Regulator and complies with all the regulations in terms of maximum interest rates, for instance, that this government dependent agency establishes.
5 Benefits of a GetBucks Payday Loan
GetBucks Loans does not call their loans “payday loans”, but they work pretty similarly. If you never asked for a loan at GetBucks Loans, you will only be able to borrow up to R8 000 and pay it back in a single payment within 45 days. Remember how a payday loan worked? Just like that. You asked for a certain amount of money to cover an unplanned expense, and you repay it when you receive your salary.
These are the five benefits of payday loan at GetBucks:
- Loans are flexible. You can borrow the amount you need and can afford.
- Applications are easy and fast to complete. Also, you can start an online application any time you want 24/7.
- You will get a fast response.
- If the loan is approved, your money will be transferred to your bank account within minutes.
- So, the next time you have an emergency expense, remember that GetBucks can offer you convenient micro loans to help you go through difficult times.
What are GetBucks Personal Loans like?
GetBucks Loans offers unsecured personal loans; no security is requested to act as guarantee for the loan. That is to say, you don’t have to use an asset such as a property or a car to ask for a loan with GetBucks. We will talk about requirements bellow.
Above we have explained that GetBucks loans work very similar to payday loans when you borrow for the first time. However, things change a little when you are already a customer. This company wants to have your business regularly, and, for this reason, clients are rewarded. The more you borrow at GetBucks, the higher amounts of money you can take out and the longer the term periods, as well.
In GetBucks’ world this is called a “trust level”. The other advantage of being a customer at this level is that you might get discounted rates. So, in the end you might ask for more money and pay less in repayments.
Are there Consolidation Loans at GetBucks?
The aim of this type of financial instrument is to pay off other loans and, in this way, leaving with only one loan, one repayment term, and one interest rate. Consolidation loans make your obligations more manageable. Depending on the amount of money you need to consolidate these loans, you can use the money from GetBucks loans to pay off those obligations. What you do with the money you receive from the loan is completely your decision.
How to Use GetBucks Loan Calculator and why is it Useful?
Engineers and web developers are constantly working at GetBucks to make this platform easier to use and to provide tools that help clients have a better experience. The loan calculator made available at GetBucks is super simple to use.
Follow these 3 steps:
Find the best loan of South Africa
- Enter the amount of money you want to ask for
- Choose the repayment term
- Hit the "apply for the loan" button
That is it. After you’ve followed those three steps, you will find an estimate of your loan. In other words, you will be shown how much you would have to repay and how much GetBucks would charge you (fees and interests).
This tool is useful because it gives you an idea of how much money you will need and it will help you see if the loan is convenient for you or not. This tool should be used as a reference, though. This means that the actual repayment amount is different since GetBucks will be able to offer you the right information once they receive your financial information.
3 Requirements for Requesting Loans at GetBucks Loans
When we started this article we said that this online credit lending company was more accessible in terms of requirements than other lenders such as banks. This does not mean that there are no requirements at all. No trustworthy lending company would lend you money without some kind of assurance that you will be able to pay them back. These companies clearly need to make money; the credit market is a business after all. Also, these are basic requirements that every credit company must ask for as established by the National Credit Act. So, if you encounter a company that says that there are no requirements to get their loans, walk away from them.
So, there will be qualifying criteria that you will absolutely have to comply with if you want to request a loan with this company.
- You should be an employee for at least three months at the same job
- Your credit history should be clean
- You will need to have a bank account under your name
If you meet these criteria, you will be able to ask for a loan at GetBucks. All you will need to give them is your ID and the information of your bank account. This bank account is a requirement because that’s where the money from the loan will be transferred to.
What kind of Reviews are there about GetBucks Loans?
GetBucks Loans has very positive comments in different online forums and platforms. The most common feature customers highlight is how quickly loans are processed. Also, many people talk about the excellent customer care provided at GetBucks. Staff members are always willing to help their clients out in any way that they can.
Of course there are some unhappy clients. Some people complain about not having been approved for a loan. However, it is very hard (if not impossible) to know if these individuals were denied the loans for not complying with the requirements imposed by GetBucks or what was the reason behind this rejection.
Do you know someone who has already asked for a loan at GetBucks? Or have you? If you do, please tell us what you can about it. As you can see, at the bottom of this page you will find the comment section. You are more than invited to share your experience. Our aim is to build a collaborative community where everyone can help each other out.
What are GetBucks Loans Contact Details?
We tried to cover the most important data you need to know about GetBucks Loans to ask for a loan. However, there might be some topics that we were unable to cover due to lack of space. If there is something we did not cover here or if you are entertaining a doubt, you can use our question and answer form below to ask whatever you want. We take your comments and questions very seriously, and we try to answer them as soon as possible.
Of course there might be some issues you want to discuss directly with the company. We will show you three channels of communication you can use to contact this company.
- You can call them on 012 045 0606
- If you have a general inquiry, you can send an e-mail at firstname.lastname@example.org
- If you are a customer, you can drop them an e-mail at email@example.com
With this article you are now able to consider GetBucks Loans as an excellent solution for those occasions in which you need some extra money. It does not matter what you need the money for, you can count on this trustful company that plays by the rules enforced by the NCR. Here we talked about the loans offered by this lender, we’ve explained what you need to qualify for the loans, we’ve talked about what other people think of GetBucks, and we gave you all contact details to contact this company. Next time you need to take out a loan in South Africa, give GetBucks a try.
Questions and answers
So I must be a South African for me to be eligible for a loan?
You need to be a South African resident if you want to apply for a loan at Get Bucks. All you have to provide this company with in order to prove that you are is your ID. Remember that another requirement is that you upload your latest three bank statements.
They require sensible information, such as the bank account info… how do I know if it is safe to give this information?
GetBucks Loans uses your personal and financial information for the purpose of assessing if they can approve your loan or not. They will not use your information for any other reason. Moreover, all the information you provide them with will be encrypted and secure. This means that nobody but GetBucks Loans will be able to access this information.
What does it mean that credit history should be clean?
A credit history is a record of how likely you are to repay the loan that you want to take out. This record will show if you have already applied for other loans, if you paid the on time, if you are paying your credit bills, and the like. A clean credit history means that you have not been put under deb review or administration.
When will I receive the money?
After you request the loan, the company will run the affordability check and the credit check on you to corroborate if you can pay off the loan. If your loan is approved, GetBucks will send you an SMS informing you that your loan has been approved. Then your money should be in your bank account within thirty minutes to an hour.