Since the first store opened in South Africa in 1929, Edgars has gained a reputation as a trusted and reliable provider of quality products and services. In addition to providing clients with great products, the retail giant offers its customers more value through a financial services division.
The Edgars Personal Loan is available to the group’s 4.2 million account holders.
How the Edgars Personal Loan Application works:
In order to qualify for an Edgars Personal Loan you need to be at least 18 years of age with a clear credit record. You also need to provide your latest payslip, your latest 3 months’ bank statements, and your proof of residence. You need to earn a gross monthly salary of R4000 or more.
You can apply online or by visiting your nearest Edgars store with the relevant documents.
What benefits are offered by getting an Edgars Personal Loan?
Once you qualify for the loan, the funds are paid directly into your bank account. You then have the financial freedom to use them however you choose.
As a registered credit provider, Edgars promotes responsible lending practices. So there are no penalties for early settlement of the loan.
The interest rates on the Edgars Personal Loan are fixed throughout the term of the loan, so as a client you have the benefit of fixed instalments. Your repayments won’t be affected by fluctuations in the interest rates.
Edgars offers an opportunity for a top up loan after 6 months.
The loans are unsecured, so they are supported only by the borrower’s creditworthiness, rather than by a type of collateral. Loan applicants won’t have to worry about having to put any assets up as collateral.
An added benefit for getting Edgars Personal Loans is that Edgars gives you free vouchers to spend at Edgars and R250 back in Edgars vouchers.
To contact Edgars, call: 0860 692 274
Visit www.edgars.co.za
