How Our Short-Term Loan Process Works
Understand the steps involved in applying for loans, from application to repayment.
How Our Short-Term Loan Process Works
Understand the steps involved in applying for loans, from application to repayment.
Understanding the Loan Application Journey
Applying for loans is easier when you know what to expect. This page explains the full loan journey, from starting an application to final repayment. Each step is outlined clearly so you can understand how short-term loans are processed and what happens at every stage.
Step 1
Submit Your Loan Application
Start by submitting your loan inquiry through our online application system. You will be required to provide accurate personal and financial information to support your application.
Step 2
Provide Required Documents
- To assess your loan application, the following documents are required:
- South African ID document
- Proof of residence
- Latest payslips
- Bank statements
- Additional information may be requested to ensure compliance and affordability assessments.
Step 3
Credit & Affordability Assessment
Once your application and documents are received, we conduct a credit check and affordability assessment. This ensures responsible lending and helps determine whether you qualify for the loan amount applied for.
Step 4
Loan Approval & Agreement
If your application is approved, a loan quotation and agreement are issued. You will be required to review, sign, and accept the loan terms before any funds are released.
Step 5
Receive Your Loan Funds
After approval and acceptance of the loan agreement, the loan amount is paid into your nominated bank account. Funds are typically received within 24 hours after approval.
Step 6
Loan Repayment
Repayment is made via debit order on the agreed date. All short-term loans are repayable over a 1-month loan period, as outlined in your loan agreement.