Compare the best loans of South Africa and find the lowest rate
Are you looking for a company that does not worry about their clients´ pay slips? Are you tired of not knowing where to go because all the companies have the same requirements? Thanks God you arrived here! I have just what you need and that is RCS Loans. That is right, this company specializes in the lending field but makes sure that every citizen of South Africa has access to its loans, irrespective of the so know pay slips.
For such reason, in this article you will be given pretty complete information regarding the loans found at RCS and their system. Then, you will of course receive contact information of this company so that after reading the article you can get in touch and begin the application process.
There are two type of loans:
1) The main characteristic of the loans found at RCS is that clients can have access to a minimum of R 1000 to a maximum of R 125 000, which is a lot. Repayments can be completed in about 60 months but the client can also choose a financing period of 12 months.
How about the application?
The application procedure will not take a lot of time since the company admits there exists an instantaneous approval. How much time will you have to wait for the money? Less than a day! So the application does not require tedious paperwork as other companies and also no queues at all. The only thing the client has to do is to fill out an online form obtainable in the website of the company. Such form will ask the client to give data about its personal and financial condition.
What are the requirements for a loan without pays lip?
-Clients must be 18 years old or older
-Clients must possess a South African ID book
-Clients must earn at least R2000 a month
-It is essential that clients hold a good credit record
-It is vital for clients to open a bank account
The documentation needed is the following one:
-South African Id book or card. In some cases the passport is accepted
-Bank details of the customer, for the company to deduct money from payments
What are the features and the benefits obtainable?
RCS loans give clients the opportunity to finance any repair they have to make in their cars or any other vehicle, pay for school tuition or college, and pay for the costs of an important event such as a wedding, birthday or graduation party and the list can go on.
And now the next loan:
2) Clients that apply for this loan as those that are looking for higher amounts of money, being in this case a minimum of R 2000 and a maximum of R 150 000. The application for this loan is also fast and paperless of course. The money can be obtainable in about a day and the client has from 12 months to 60, just like the first loan mentioned.
One of the differences this loan holds in relation to the first one, is that the client has access to a special insurance and that he/she can receive a monthly statement in their email address or in their cellphones (SMS). Regarding such insurance, the client receives protection for a portion of the balance in case of death, disabilities, loss of income or accident. You will find all the information related to the insurance in the section of terms and conditions of the agreement.
The requirements for this loan are similar to the ones mentioned above:
-Having the majority of age
-Having an ID certificating you are a South African citizen
-A proof of residence
-An income of R 2000 at least
-Having one bank account with any banking company
-Giving the company the number of your ID book
-Giving the company the details of your bank account
If you are interested in knowing how to acknowledge whether you can qualify for a RCS Loan, you must know that the company is extremely assessed by a financial provider which is regulated by the National Credit Act. This act makes sure every loan is secured. And, if you are a good applicant you can expect to receive a phone call by the members of the company.
The assessment mentioned before has to do with the company examining what is your credit record so as to know whether you were able to finance previous debts and loans. Moreover, the company will take into account the different expenses you are supposed to pay each month, so as to check your affordability.
How much money do I have to pay for a loan?
In the case of RCS loans, the company will only make you pay a small amount of money which corresponds to the service fee, since as you know the company and its members take care of managing your credit.
Now, before finishing I would like to stress that it is important for you to know that you must comply with the different installments each month and if you feel like you cannot afford them, then please let the company know about your financial situation by phoning RCS on 0861 SAY RCS (0861729727) so that the representatives can help you find the proper solution to this problem
CONTACT DETAILS OF RCS FOR A LOAN WITHOUT PAYSLIP
-Inside the website of the company you can find a contact section to send a message and you can also fill a form with your information. Moreover, there is information about the many branches the company has in the country.
-You can make a phone call to the number that is given in the chart, so as to establish communication with a member of the company who will guide you throughout the whole lending procedure.
-You can go in person to their office in Cape Town. There is plenty of information about it in the next chart:
R 2000 TO R 150 000
Unchangeable and flexible
0861 729 726
Liberty Grande Building, in Voortrekker Road and Jakes Gerwel Doctor. In Cape Town. Towsend Estate.
7 a.m. to 7:00 p.m.
Updated bank account, latest statements, latest payslips and ID card