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Is it Possible to Obtain Loans from Grindrod Bank? Get your Quote

Grindrod Bank is a company that specializes in providing financial services to companies and entrepreneurs. If you own a company and are looking for accessing a loan to grow your business or take it to the next level, Grindrod Bank might be your key to success. Here we will tell you how to obtain their loans and explain to you the different types of loans you can find. We will also talk about an issue with SASSA grants beneficiaries.  

How do Personal Loans work at Grindrod Bank?

Personal loans can help us a lot in fulfilling our dreams and objectives in life. Most of us work hard every day, but still can’t afford the things we need without some sort of help. That’s the reason these loans were created, to help people buy or procure the things they need in installments.

Grindrod Bank focuses on borrowing money to companies; they do not offer personal loans. Now, that we’ve ruled out this option we can move on to other alternatives. In South Africa there many credit lending companies that work with individual clients looking for personal loans.

For example, with African Bank you can borrow up to R250 000. Imagine all you can do with this number. No restrictions are imposed on how you can use the money you’re lent: you can use it to buy a car, to pay for a vacation with your family, to get a new TV set; it’s completely your call. This bank offers a repayment period of a maximum of 72 months and fixed interest rates.

Does Sassa offer Loans Similar to the ones Offered by Grindrod Bank?

In Grindrod Bank you can find a great variety of corporate lending facilities. One of them is Client Finance Lending targeted to Grindrod Bank clients and offers loans with a short to medium term. These are secured loans, that is, you need to provide a guarantee to take them out.

Also, with this bank your company can finance the purchase of a property. With their traditional mortgage finance, you can access to 70% of the value of the property. Of course, the property you buy with this loan must be for the purpose of furthering your business; you cannot buy a private house, for instance.

Another financial solution provided by Grindrod Bank is Debtor Finance. This facility is a short-term loan aimed at helping your company improves cash flow. Imagine your company makes an important sale to a client, but the payment will be done in, say, a month. With this loan, you avoid being short of money and keep your company moving on.

SASSA stands for South African Social Security Agency. This government organization is in charge of the provision of grants to the poorest sectors of the country. Thus, no loans are offered through this agency.

How to Make a Sassa Loan on your Phone in South Africa?

As we explained above, SASSA does not provide loans. Their work has to do with mitigating the impacts of poverty in South Africa by awarding grants to the less privileged people of the country.

SASSA grant payments are performed through a debit card called SASSA Card. With this card, beneficiaries of SASSA grants can make transactions at stores.

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However, no loans are granted. If what you need is an easy to get loan with few requirements we can recommend two options:

  1. Wonga is an online company that offers loans that range from R500 to R4 000. This loan must be repaid in a period of a maximum of 6 months. All you need to provide Wonga with is your cellphone number, your ID, specifics of your bank account, latest payslip.  
  2. Cobol is also an online company where you can borrow up to R5 000. To be able to ask for this loan you must be permanently employed.

How can I get Easy Pay SASSA Loans Online?

Our aim is to investigate all facts to give you the most objective information that will help you make smart decisions. There has been some controversy over the advertisement of loans granted to SASSA beneficiaries through a company called Easy Pay. This company belongs to Net 1, which was the former financial company that SASSA made an agreement with to provide grant payments to beneficiaries.

However, this agreement has been terminated by SASSA, and now the company in charge of allowing SASSA beneficiaries to make an online transaction is Postbank. With Postbank people receiving grants from SASSA get a bank account and a debit card. No loans are offered.

Our recommendation is that you stay away from advertisements saying you can get a loan against your SASSA grant. There are other ways of obtaining finance. If you are a SASSA beneficiary and you have no means to prove income allowing to ask for a personal loan, you can consider a pawn loan.

There are many pawn shops in South Africa. All you should do is find the one nearest to your location and making sure the company is registered with the NCR in order to have a guarantee of its trustworthiness. Once you’ve found one, you need to contact them and tell them the asset you wish to pawn and the amount of money you’d need to borrow.

What is Grindrod Bank Contact Number for their Corporate Loans?

You will not be able to apply for Grindrod loans online. You will have to either go to one of their offices or call them. You can call them at their head office on +27 (0)31 333 6600.

This article came to an end. We’ve discussed the loans offered by Grindrod Bank to companies in need of finance to either manage their cash flow or buy a property. We’ve learned that Grindrod does not offer personal loans, and we’ve given other options of companies that do provide this facility. Also, we’ve found out that there are no specific loans granted to SASSA beneficiaries, and we’ve proposed some alternatives. We talked about online loan providers and pawn stores. 

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Questions and answers

How do I apply for a loan online?

Unfortunately, Grindrod Bank only grants loans for applicants who start the application in person. This means, they don’t have online application on their web page. All the same, you can contact their consultant with no problem to get assistance on what you need. You will need to have all the documents proving you meet the requirements and, you can afford the quote you ask.

Good day, I need an emergency loan of r1500.00. Please, can you help me? I’m in South Africa

Emergency loans are not the kind of loans Grindrod offers. For a loan quote of just R1500, your best alternative would be to get a payday loan. Most importantly, these are the loans you can get almost instantly and, that’s what you need for your emergency. Besides, you can pay it in a really short time avoiding long terms repayments.

Do I qualify for a loan, please?

I’ll state some of the points Grindord stablishes on their qualifying criteria. Having in mind these are loans for businesses, Grindord asks your business to be well-established, which means these are not loans to start a company. Of course, your company must have a good record of their credit and financial management. Basically, you need to prove your company has a good plan to improve the business and take advantage of the loan to increase its profit.

I want Grindrod to borrow me r500

This quote is not possible with Grindrod as; they issue different types of loans. In your case, you could go for a Wonga Loan. The particularity of this entity is that, the payment period can be as short as just 4 days after. For example, for R500 to return in 4 days, the cost would be R597.76 approximately. Of course, you can extend the period but, keep in mind, the longer the term, the more expensive the loan

How much is the monthly payment?

The amount per instalments you will have to pay monthly, will be known after you state how much money you need. This is so, because the quote you borrow must be divided in the number of instalments and, it will also be affected by fees and interest to pay. Only after those terms are set, will you be able of knowing about the monthly payments.

I need a loan of r600 can u please help me?

For such low amount to borrow, your best alternative will be a payday loan. A payday loan is granted in just 1 or 2 days, sometimes even in the same day of application and, the client returns the money and pays for the interest within 30 days. Also, there are some banks that allow expanding the repayment term for few months.

Pls I need a 3000-rand loan, can u help?

As Grindrod can’t help you on this, we will inform you about Cash Converters that has Advance mini loans that must be paid in just one instalment on the date of your next payday. You have to be employed to be approved for this loan as, they need to make sure you will get your income within 30 days after you take the loan.

Will I get help if I'm a Sassa beneficial?

This bank, Grindrod, helps business grow and increase their profit. I mean, this is the aim their loans point at. So, if you get Sassa grant, you will have to consider all your options to see if this bank is what you need. Apart from that, you are going to be under some affordability checks by any entity you decide to work with and, according to that outcome, you’ll be granted a loan amount you qualify for.

I want to apply for a loan please, how can I do it?

There are plenty of ways you can take advantage if interested in beginning an application for a loan. One of those means of communicaton is by phone, so to contact Grindrod you can dial up to them and you can also make use of your computer and enter the company´s official website so as to click on the application section.

Can I get a loan online in Grindrod?

No, the alternative to get your loan online is not possible with Grindrod. What you can do through their webpage is to submit some contact information for them to get in contact with you and start discussing your options. You’ll be guided in the simplest way to get the loan you need to get the financial support you need.

Hi! I just want to know; I’ve finished repaying my instalments today. Can I borrow again tomorrow or this week?

Having the confirmation of a new loan in such short time since your last loan cancelation is highly unlikely. You have to keep in mind few factors. For example, there need to be certain time for the bank to process that last payment and, that loan will affect your credit profile. So, there have to be some time left before you’re ready for a new loan request.

Can I apply for loan twice? I already have one but, I want to know if I can take another one. Or do I have to repay the first loan first?

The possibility of you getting a second loan will mainly depend on two important points. One of them is how far you’ve gone repaying your first loan. For example, if you’ve only paid few instalments, you’d have less chance of being approved for a second loan. The other point is, as with any loan request, the result of your affordability assessment. We can advise you that, if you can, you should wait until you cancel the existing loan before asking for another one in order to have your finances under control.

I need a loan fast, can I get one by applying online and how much can I apply for?

Grindrod Bank does not offer online loans and, they are not as fast issuing loans as other companies. What’s more, they provide business finance or loans to Grindrod Bank’s client, specifically. Either way, you can check some other banks, like Absa or Clientele, that are faster at the procedure and, such procedure can be executed online.

What is needed when applying for a loan?

Every time a loan is required, the bank or entity in charge of issuing it will, first of all, make sure the applicant has enough funds to pay for each instalments. For this reason, the bank will need you to receive enough income per month and, that income must be perceived on regular basis. Apart from that, they need to verify you have behaved properly with previous loans by checking your financial profile.

Can I get a loan as I am a Sassa pensioner? I need r800,000 but can only pay r1700 per month.

During the application process you need to go over to ask for a loan, you’ll be notified about the sum of money you qualify for. Most entities work like this: they analyse how much money you earn periodically, your credit record and, the terms you want for the loan. With all that in mind, the bank can make a loan offer based on how much money can you afford to pay per month. This is a practical way for you to make sure you won’t end up in debt.

Good day, can I please have the features and contact information?

Of course! The loans that Grindord offers are aimed to help any kind of business that needs to be taken to the next level. If your company is already established and has some kind of secure profit, I mean, you get regular profit from it, you can use economic finance from this amazing bank. They have these lending alternatives: Loans to private clients, loans for commercial property and, debtor finance. Clearly, there’s a lot this bank can do for your company.

Can you give me money for the child transport to school?

Grindord grants the loan and, the applicant can use it as they need to. However, this bank issues loan related to the world of business or, for hose who are their clients. For instance, bank or Asset Management clients. In this case, the option is Private Client Lending and, even with this option, the purpose of the loan has to do with investment to improve the client’s business.

How do I apply for loan?

Beginning, get some idea about the loan product you need. Then, you can contact Grindrod Bank to discuss the options you have for the terms of the loan. That is, the amount, the instalments, the interest rate. After having discussed your options, you need to submit documents to prove your identity and financial situation. After the bank verifies everything, you will be able of enjoying your loan

I've been trying to apply for a loan but it keeps on declining

When banks reject loan applications it is, most of the time, because the applicant’s affordability is not high enough. This probably occurs because you’ve had problems repaying previous loans or, you have too many debts at the moment of the application. Another factor may be that your income is too small to keep up with the loan you ask. That is to say, your salary is not enough to pay the instalments.

Can I get funds for school fees?

You need a student loan.Even though Grindrod does not offer its clients student loans, you can resort to Standard Bank, and as soon as you have the educational documentation in hand, you are more than ready to apply for the loan. You can contact this bank by phoning or email .

I just need a little help to get through this month

Grindrod won’t be you answer for this issue. All the same, we have solutions for you to think over. For short term loans, you can request a loan to Wonga that is willing to give you up to 4000 rands. As regards the repayment, you can repay it in just few days or, up to 6 months, if you need a little more time. You can use their loan simulator to calculate the cost of the loan before requesting it.

How can I make a loan by Grindrod?

You can turn to Grindrod Bank for private cliente lending. You will gain access to overdraft facilities and term loans. Financing from short to medium options are offered. You can apply for the loan at the different offices located at Durban, Cape Town, Johannesburg, and Pretoria. Members will provide you with a personalized service.

How can I get a sassa loan and is there a number to call to get a loan from sassa?

Grindrod Bank is no longer associated to the South African Social Security Agency. This bank used to be the banking institution through which SASSA paid the grants to beneficiaries. In this company, you will find loans for companies to finance the purchase of commercial properties or debtor finance, for instance.

How do I apply online for grindod loan?

If you own a company and need finance to purchase a property or to pay certain obligations, you could definitely consider asking for fa corporate loan in Grindrod Bank. However, you will not be able to this through the internet. Grindrod has not developed any online platform allowing you to start your application online. You will need to contact the bank.

I'm unemployed with only my Sassa child grant for income, do I qualify for a loan?

Grindrod Bank is no longer associated with SASSA. In our web, you will find a category named loans per type. There you will find articles about how to get a loan if you are a Sassa pensioner. Also, you will find out how to use your items as security for loans.

As it is lockdown can I apply online and please send an app on how to apply for a loan?

Bear in mind that the loans offered by Grindrod Bank are for established businesses. There is no way for you to start your application online at this bank. However, you can contact them over the phone or visit one of their branches since it reopened to the public after the entering to face 3 of the lockdown.

Can a personal trainer apply for a loan?

If you are a Grindrod bank client, you can apply for corporate lending. You can gain access to loans of short and medium terms. The bank offers different sort of financial solutions to its clients. You can also apply for property finance, which works as a home loan for you to finance your home.

Is the bank open on Sundays?

No, it is not

Can I send an email to the company?

You can send a message via their webpage

Can I buy a new property with their loans?

Yes you can

Is it possible that i can apply loan on line?

You can always apply for an online loan by first entering the company´s official website, going to the section destined or named application and clicking on begin application. There, you will fill in a form with your data and will need to submit your documentation

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