It is ideal to not have any bureau listings as this will give you a better chance of being approved. However, if you have bureau listings then we will submit to the credit committee for consideration. They will make a decision based on their assessment of the risk.
Our rates are highly competitive and are governed by the National Credit Act. Some loans are based on a daily rate and others may be on a monthly rate depending on the size of the loan, the duration, the assessed credit risk and the different Pension Funds or Provident Funds.
This is dependent on your risk profile, the amounts involved and various factors which will influence the loan conditions. You can be assured however that this falls within the National Credit Regulator’s loan conditions and all the financial services regulations in South Africa and so you are protected from any unscrupulous dealings.
Most private schemes are on the approved lists. However, due to the risk and delays associated with certain government schemes, some loans against pension or loans against provident funds are not able to be done.