Online Loan Application
How to get a loan?
Loan applications are usually handled by banks or other authorized financial institutions. In order for you to get a loan, the bank will use a number of criteria to determine whether you are eligible for a loan or not. Your past credit record will definitely be considered, as well as your current monthly income and value of your assets. With all this information at hand, the Bank can calculate your risk profile and approve or deny your loan application. The loan application can be completed by visiting the Bank, telephonically and over the internet.
Applying for a loan by visiting the Bank
- You must be 18 years or older with a valid South African green bar-coded identity document.
- Have a copy of your latest payslip.
- Proof of residence e.g. Municipal bills.
- And a copy of your three months bank statement if you are applying from a different bank and not the one you bank with.
How to get a bank loan telephonically?
- You can get a bank loan telephonically by calling your bank’s loan contact centre and requesting to apply for a loan.
- Have your personal, banking and postal details ready. The call centre agent will ask you to provide all this confidential information in order to be able to verify that you are who you are who you say you are.
- However with this type of loan application, you may still be asked to complete, sign, fax, email or hand deliver additional documents in order to complete and authorize the loan application.
How to get a loan application online?
- Most banks allow you complete a loan application online via their public web site. The loan application web page is normally encrypted to prevent communication interceptions.
- You simply complete the loan application by filling the online application form. You will be asked to provide your personal, banking, work, and postal details.
- You will be notified instantly whether you application was successful or not.