Edgars is a trusted retail house with an extensive history in South Africa. The organisation is renowned for offering quality products that are sold at an affordable price. In addition to the various products offered by the organisation, loans were introduced to enhance the affordability of the business and put more purchasing power in the hands of consumers.
More about Edgars Personal Loans:
Edgars Personal Loans are available to the Edgars Group’s 4.2 million account holders.
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.
Loans are available from R500 and they come with fixed interest rates. This gives individuals the benefit of being able to budget better on a monthly basis because they know exactly how much they will be required to repay.
Loan applicants are also given the opportunity to apply for a top-up loan after 6 months. This is dependent on how well they have repaid their loan.
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.
Edgars is an authorised financial services provider and promotes responsible lending processes. For this reason, the institution ensures that there are no penalties charged for early settlement. The sooner loans are settled, the better.
Once you are approved for the loan, you have the freedom to use it however you wish.
What do you need to qualify?
Earn a salary of at least R4000 per month
Have a clear credit record
Provide your latest payslip
Provide 3 months’ recent bank statements
Provide proof of residence
Provide your valid South African ID