Loans

Loan FAQ's


Q What do I need to apply for a loan?
A
  • To be 18 years or older and a South African resident 
  • A minimum, permanent income of R5,000 per month or more (proof of income will be required)
  • Clear credit references 
  • Have your ID number and bank account details into which your salary is paid handy when you apply
Q What is the maximum loan amount available?
A
The maximum loan offered is R120,000
Q Over how many months can I repay my loan?
A
Your loan repayment period can be structured to suit your needs. The repayment period ranges between18 and 60 months.
Q How do I collect my loan?
A
Your loan amount will be deposited directly into your bank account.
Q What happens if interest rates go up?
A
Your monthly instalments will be fixed at our current interest rate for the full term of your cash loan - so you won't be affected by any interest rate fluctuations.
Q Do I need to provide collateral for my loan?
A
No, your loan is unsecured.
Q How can I protect my family?
A

Every Clientele Loan includes our Personal Protection Plan, which settles your outstanding loan balance in the event of your death, permanent disability or certain dread diseases. It also provides limited cover in the event of temporary disability and should you be retrenched, a once-off payment equal to six installments will be paid out to you. Of course, you're free to substitute the plan with a policy of your choice, providing the cover offered is equivalent.

Q Can I choose how I make my repayments?
A

For your convenience, your repayments will be deducted by debit order from the bank account into which your salary is paid every month.

Q Will my loan repayments be affected by interest rate fluctuations?
A

No. The interest rate on your loan will be fixed at our current interest rate for your full loan term, so your repayments will never increase, even if the interest rate goes up.

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