If you are looking for cash converters loan against goods in south africa, then you are at the right place. Kindly take your time and read our article on cash converters loan against goods south africa.
About Cash Converters
Cash Converters Loans provides secured loans against property and salary.
There is no need for a solid credit history to qualify for these loans; just your valued assets will secure the loan for you.
Cash Converters provides two kinds of loans: PayDay loans and Cash Advance loans.
Cash Converters has a solution for you whether you’re searching for a short-term loan to pay off quickly or a long-term loan.
Calculate Repayments
Cash Converters, unlike banks and other loan lenders in South Africa, provides secured personal loans.
You may be able to qualify for a loan based on your belongings or even your earnings. When you need money the most, you’ll get it right away.
Compare Cash Converters loans and select the best deal for you.
PayDay Loan
These are personal loans that you can pay back as soon as your next paycheck arrives.
You can borrow loans ranging from R400 to R4 000 at a low interest rate. As previously stated, repayment terms would be your next salary date.
You must be employed and provide proof of employment. Once your job is validated, your loan application will be approved in 30 minutes.
There is no waiting period when money is deposited into your Cashies card or given to you in cash.
Make an application at the store.
Cash Advance Loan
Cash Converters’ most popular and in-demand lending package.
You will apply for a loan based on the value of your items and valuables. You need money right now, and you have assets to put up as collateral for your loan but are unwilling to sell.
Cash Converters cash advance loan is purpose-built for folks like you.
It will get better.
With a cash advance, you’ll get the following benefits:
- Quick application process, no unnecessary paperwork
- Qualify up to R20 000 depending on your goods
- Walk out with cash in 30 minutes upon approval
Loan Requirements
To be eligible for a Cash Converters loan, you must meet the following requirements:
- Must be 18-years old and above
- Permanently employed with recent payslips
- Recent bank statement that reflect your salary
And the only reason the aforementioned information is required is so that they do not offer you a loan that you cannot afford to repay.
Your income-salary will actually be used to secure the loan amount.
Because they don’t care about your credit history, the danger of lending to you is so high that you must have a valuable asset to secure the loan.
The Interest Rate
Secured loan companies in South Africa frequently offer the loan at a cheaper interest rate.
Remember that the risk is determined by your wage or asset, not your credit rating.
As a result, these companies may be confident that they will receive their money back with interest from loan seekers.
If you fail to repay the debt, they may simply sell your valued property to recoup their losses.
The interest rate levied is at the discretion of the lender, but it is always lower than that of unsecured loans.
Getting The Loan
Cash Converters provide credit in accordance with the National Credit Act. All fees will be explained in advance and governed by the Credit Act.
Cash Converters, however, does not have an online application process. However, they have stores in major cities across the country that you can visit.
Visit the store finder to find your nearest Cash Converters store.
Alternatively, contact 087 820 4010 and speak to a consultant for further assistance.
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