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Is There a Bank in Bloemfontein Which I Can Apply for a Loan? Requirements, Contact Details and Application.



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     Do you need to take some time off to go on holidays? Are you analysing if you can pay for it? If you have realized that you can’t afford a trip to your dream destination, you are now probably thinking about getting a loan. If you have never applied for a loan and you feel confused about the process, don’t worry because I will explain the requirements you need to comply with and how to apply for the loan along with contact information. This article will help you decide which bank, and which type of loan is right for you, especially for those living in Bloemfontein and Cape Town as I’ll mention some companies residing in these areas.

    Let’s state first what a loan is. It is money you borrow from a bank or another entity, which you have to repay within an agreed period of time and, from which you will have an interest rate. This rate will depend on the bank you work with and the type of loan you apply for. So, it is important that you do proper research and that you inform yourself about your choices. When you look for the bank to work with, you should pay special attention to the terms and the rate you’ll get, in order to be sure you have the lowest interest rate possible.

     At the moment of deciding to apply for a loan you are provided with some options. You may go directly with your bank and stay with the rate they specify, or you can try a financial entity that specializes on this kind of business. If you choose to work with your bank, you will know how they work, and they will probably make things easier for you but, the disadvantage would be that you have to stick to the rate they state.

     On the other hand, if you choose a different financial entity you may get a better interest rate. In general, these companies work with a number of different banks and they offer you this: that instead of applying for many banks on your own to get an ideal rate for you, you only apply once with them and they will take care of presenting your application to this group of banks. This is a really easy option, as you avoid the hassle of presenting documents, personal information, and doing a lot of paperwork and errands with more than one bank. Also, they usually offer expert guidance for you to be accompanied through the process and be able of understanding the situation perfectly.

         Now, let’s see which banks are near you.

    One option you have in Bloemfontein is Betterbond Home Loans. In the next chart you will find the information you need.

Quote

R 3,000,000

Interest Rate

Competitive fixed rates

Telephone Number

(051) 430 7888

Address

7 Collins Road in the area of Arboretum

Working Hours

Weekdyas - 9 a.m. to 6 p.m.-

Requirements

South African ID - Pre-qualification Certificate.

    As you can see this bank would be ideal for you if you need to buy a property. Notice you can ask up to R 3,000,000 and remember that you need to be pre-qualified first, so make sure you can afford the loan and also, that you gather the requirements so you can go for it.

    Another option is SA Cash Loans. As they work online you can apply from whenever part of South Africa. You apply online filling up an application form and the quotation is up to R 150,000.

 SA Cash Loans Requirements and Quotes

1. Age: between 18 and 65.

2. Employment: be employed at least the previous three months.

3. Bank account: to have a bank account in which you receive your salary.

4. Salary: minimum of R 3,000.

5. Debts: do not possess any type on debt, especially with any of their credit providers.

6. Phone: 021 202 1679.

7. Quotation: from R 1,000 to R 150,000.

8. Email address: queries@sacashloans.co.za.

    Remember they work with credit providers who have the final decision about your loan. So, please before applying for the loan check if you match the requirements and that you are capable of repaying the loan. Keep in mind that if you get behind on the payments it will affect your credit rating, having negative consequences if you need to ask for another loan in the future.

    Finally, I will provide you with another alternative for those who live in Cape Town. Here, you can find Wonga Loans at 33 Bree St, Cape Town City Centre. Bear in mind they work online so, you will apply from any part of South Africa. You may reach them by phone at 0861 966 421 from 7 am to 7 pm during the week or, from 8 am to 13 pm on Saturdays. Another mean of communication you can use is through their email addresses: za.customercare@wonga.com or, za.collections@wonga.com in the case of repayments doubts.

How Wonga Loans work?

    This company will be right for you if you need a fast cash loan. This type of loan is perfect for those unexpected events you may encounter with, as for example having to fix the car or the computer. For these situations you need a small sum of money but, sometimes you can’t afford it. Wonga Loans offer you loans from R 500 up to R 3,000 that you can repay it in 1 month. The most popular benefit is that they work as fast as having the cash loan available in the same day you applied for it, as long as you are approved to take the loan. The requirements are really simple: make sure you have a cellphone, SA I.D, bank account and some proof of your last three salaries that prove your income.

    During the process you’ll be required to present some documents and fill in an online application form for them to tell you if you are an applicable client.

     Having all this information at hand, you just have to decide how much money you need and what type of loan is best for you.



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Comment: Wonga Loans is perfect if you need money now!
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Comment: Really useful information!
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Comment: I can finally own a house.

Questions and Answers

Can I decide the rate?
Depending on the bank, you may discuss it with them.
Can I apply for a loan if I work part time?
Yes! As long as you can afford it with your salary.
Can I choose the bank to work with?
Of course! Once you decide you contact the bank you've chosen.

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