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If you have been thinking about getting a cash loan with SA Cash Loans for a time now, you probably have found a lot of information but do not know how to get the most of the service. We will go over the most important points that will help you take advantage of all the benefits.
Let’s start by the first step. Before going on through all the details, you must make sure you comply the requirements they ask in order to apply for a cash loan. SA Cash Loans needs to make sure you are capable of repaying the loan, so they will require you to be employed for at least 3 months previous to the petition and possess a bank account on your own. It is important that your employer has not changed during this period as they look for work stability. Your salary must be of R 3,000 or more and be paid through the bank account you own. Regarding your age you must be at least 18 years old and under 65 years old. These are the basic requirements SA Cash Loans asks, but let me tell you that there are other specifications which may cause your application to be rejected.
Remember that credit providers are the ones who finally decide if they will help you or not, so it is useful to talk about what they look for when assisting a client. Some credit providers also pay attention to, for example, if you have current debts.They are also interested in knowing if you own money to any of their account or if you have exceptional debts. And lastly, you are sure to be under credit checks as there is no credit provider who does not perform it. We recommend you to focus on all these aspects before deciding to apply for a cash loan so as to avoid future problems.
Let’s continue with the application form. SA Cash Loans provides you the opportunity to apply for a cash loan through internet. They present an online cash loan application that you can find in their web site. In order for a credit provider to decide to assist you your cash loan application form should be submitted beforehand. Take into account that the application form must be submitted on a weekday before 16:00. As you can see, applying for a SA Cash Loan is fast and easy. This application system is useful for those who do not have much time in their daily routine and look for practical and simple manners to do their errands.
The next step would be when the credit provider decides to assist you or not and they get in touch with you to inform you about the decision. It usually takes one business day to send you proper feedback on your application. Bear in mind that this response will be sent to your email account making all the process much faster and practical. If your application has been accepted you will agree the terms and conditions in details together with the credit provider. What you both discuss and agree on in this part of the procedure are, for example the repayment term and the loan amount. SA Cash Loans offers repayment terms that goes from 6 months up to 60 months and they allow you to borrow up to R 150,000. Please remember that terms and conditions in general vary according to the loan amount and each particular situation. That is why you analyze the conditions with the credit provider before reaching an agreement. All these agreement would be stated in the contract.
Once you and the credit provider reach a final agreement on the terms, they will let you know the list of documents you need to present in order to go on with the next and final step. This final step would be like this: once all these documents were approved and if no exceptional circumstance appears, you should wait 48 hours to have the cash loan, which is the time SA Cash Loans would take to charge the loan on your account. Having all these steps in mind and knowing that SA Cash Loans offers you a considerable variety of credit providers to work with, you should carefully consider the amount of time the whole process would take before getting to the final step. If you pay attention to all these details, you can make sure to receive the cash loan by the time you actually need it.
Now, there are particular points that are worth remembering:
a. Foreign applicants. If you want to try for a cash loan but you do not reside in South Africa, you can obtain a South African I.D. and you will be already qualified to be one of their clients.
b. If you do not satisfy the National Credit Act requirements you will not be able of being one of their applicants.
c. Credits providers are in charge of deciding if they will assist you or not. So, besides SA Cash Loans requirements we have mention, make sure you comply with the rest of the requirements credit providers look for.
d. Keep in mind that it would be better for you if you take at least 5 days to go through the process.
e. Unless you are currently employed, you will not be able to apply for a cash loan. That means that if you are a pensioner or currently unemployed you will not be a SA Cash Loans client. However, remember that another option to qualify is to be self-employed.
If you wonder how to get in touch with SA Cash Loans to apply for a loan here you have all the information you need. You can call them at the number 021 202 1679 or you can also write an email to firstname.lastname@example.org and ask for the application form.