Loan Shop Loans are short-term unsecured loans that are offered by Loan Shop which are meant to help people going through some financial challenges get by. Loan Shop is a registered credit provider that is registered by the National Credit Regulator and specialises in the provision of micro finance loans of up to R3 000 which you can pay off on your next pay day. The company is based in Pretoria but offers its services nation wide through their online application system. They believe in responsible lending practises, and approves loan applications which they are sure the applicant can comfortably pay back.
How Loan Shop Loans Work
The application process for Loan Shop Loans is very simple and user friendly, the first step is to visit their website and you will find loan sliders that will be on the home page which you can use to choose the loan amount and duration of the loan. The sliders will automatically calculate for you the exact amount of money including interest that you have to pay back. If you are happy with the loan quote provided you can then proceed with your application process.
These loans are calculated based on how much you can afford, and offer you cash loans ranging from R500 to as much as R3 000 with repayment terms of 30 days. Loan Shop has a secure application platform so you can be assured that your personal information is safely kept and cannot be accessed by outside parties. If your loan application is approved the money will be deposited into your bank account and you can use these loans for anything that you want to attend to, whether its for car repairs or paying for school fees – the choice will be entirely yours.
Loan Shop Loans Application Requirements
To apply successfully for Loan Shop Loans you must ensure that you are 18 years of age or older, must have your South African ID Book, must be employed permanently and provide your latest pay slip, must provide your latest 3 months bank statements and your most recent proof of address with your name. You must also have an active bank account where the money will be deposited into if your application is approved.
Loan Shop Loans Contact Details
To get in contact with Loan Shop you can contact them on their office number 012 440 9111 or visit their website www.loanshop.co.za to read more details. Their friendly consultants are on standby to help you with any queries you may have regarding their Loan Shop Loans service.