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Is Johannesburg Eligible for Mercantile Bank Loans? Office Hours and Quotes

Johannesburg is one of the most populated areas of the country and there are still many citizens trying to satisfy their needs. If you are one of them, let me tell you that you just about to read about possible solution. In fact, keep on reading, and you will get what you need to know about loans, quotes, financing and addresses of one of the outstanding lending companies of the company: Mercantile Bank.

                Mercantile started operating in South Africa in 1969, and since then, it has been looking for different ways to reach as many citizens as possible. One way to offer services if by opening offices in different cities, and Johannesburg is one of them. That is why we will start our article describing where it is possible to find a branch on Mercantile Bank in such city:

-First, there is one office in the area of Sandton. It is located at 142 West Street, in the Ground Floor of the building. There, representatives will be available during the week from 9 a.m. to 3.30 p.m. and on Saturday from 8.30 a.m. to 11 a.m. Let me tell you that there is also a phone line open in the same office hours. The line is 11 302 0300.

-Secondly, it is possible to locate another office in the area of Boksburg. The office is the Atlas Lifestyle Centre on the Atlas Rd. It has the same office hours as the previous one and in case you prefer telephone assistance, the number is 11 918 4159.

Is it necessary to visit an office to apply for a loan?

                Let me tell you that in case you are interesting in any of the programs that we will develop here, you will have to contact any representative in person. However, in case you need more information, you can contact the bank phone open for general queries that is 86 030 9250. There is also a fax line that you can use to send document that is 86 262 5031.

                Now you how to contact the bank and how to access the loans, let’s finally take a look at the different programs and their respective details:

-Business overdraft: a lending facility that is directly related to your bank account is overdraft. Mercantile gives clients the possibility of business overdraft that is essential to improve cash flow. In this way, your business will have funds to cover any unexpected expense. This program is attached to interest rates given by Prime, which are calculated every day. When it comes to financing, you can just pay interest and principals later.

-Business term loan: do you need to buy updated equipment? Don’t put it off. Ask money with business term loans and finance whatever purchase you need. Mercantile offers interest rates highly competitive as well as flexible financing periods. Everything can be arranged beforehand considering your personal budget. It is important to know that there are also fixed interest rates available.

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-Asset finance: this program is critical when evaluating the idea of enlarging facilities. Mercantile has this lending product that is useful to finance either movable or fixed assets, including equipment and offices. In this service, there are also low interest rates and convenient financing periods that can also be adapted to clients’ needs.

-Asset finance leasing: as there are enterprises that are not interesting in owing equipment, you can also choose the leasing Mercantile service. With this outstanding services, business people can make use durable or ant kind of good bought by the bank. This means that Mercantile will buy what you need and you can use it in return of rental payment without becoming the owner. This is a way of saving cost and even avoiding depreciation. As most Mercantile services, interest rates are low but variable.

                In addition to all the programs to facilitate business transaction available in Johannesburg, there are other banking companies that focus on personal lending. Let us mentioning some with examples of personal loans:

-African Bank: this company offers personal loans from R500 to R200000 that can be used to pay from holidays to furniture. In this case, you can apply for fixed interest rates that go from 10,5% to 28% approximately. Financing periods last from 3 to 72 months, based on clients’ situations. As an example, let’s talk about a loan of R20000. You will have to pay initiation fees of R1 197 and 12 installments of R2050. An office of this bank can be found in Braamfontein, exactly at 49 Jorissen Str in the Orion House. Office hours go from Monday to Friday from 8a.m. to 5p.m. and on Saturday from 8a.m. to 1p.m.

-Capitec Bank: with Capitec Bank, you can apply for personal loans and for home loans. With personal loans you can borrow up to R250 000 and finance it in up to 84 months. Mortgages can be repaid in up to 20 years. These loans are available at 28 Harrison St. from Monday to Friday from 8in the morning to 6in the afternoon, on Saturday from 8in the morning to 3in the afternoon and on Sunday from 8in the morning tomidday.

-First National Bank: in Johannesburg, you can go to the Bank City, at First Place during the week from 8a.m. to 5.30p.m. and on Saturday from 8a.m. to 1p.m. There, you can find two outstanding lending services: car loans and home loans. There are financing periods of up to 20 years and really low interest rates.

                To conclude, those who live in Johannesburg can take advantage of their surroundings. In case you are thinking about how to fund your start-up or how to improve the current one, Mercantile is one of the most convenient lending programs for business. However, if you reckon about how to finance any personal need, there are other options available, such as personal loans of African Bank or Capitec Bank and First National Bank. 

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Questions and answers

How can I finance vacations?

You can apply for any personal loan.

Can I finance vehicle with Mercantile?

You can finance any special car with Mercantile.

Does Mercantile have personal loans to offer?

No, it doesn’t.

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Some banks require monthly fees.

Contact Mercantile and improve cash flow as soon as possible.

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