South Africa’s micro lending sector is a strong pillar in the country’s economic development efforts.This sector has become an employer of thousands of people and empowering many individuals and families with the much-needed finance or credit. One of the business houses making a difference in this regard is Showtime Finance.
Showtime Finance is a local micro lender which has committed itself to assisting clients who have bad credit histories, judgements against their name, garnishee orders, defaults or can’t meet the stringent requirements from traditional commercial lending houses.
This reliable lender offers pay-day and short-term loans from a minimum amount of R1,000 to a maximum amount of R15,000.Pay day loans run with a repayment period of 30 days while short-term loans can run between 4,6 and 12 months.
Annual interest rate is 60% while monthly rate is 5%. Fees included in your monthly installment include R57 and credit and life insurance at 2.1%. Once off fees added to capital borrowed is initiation fee at 13.72%.
Prospective clients can apply for this finance online or even speak to friendly agents directly. Applicants are assured of peace of mind knowing that submitted documents and personal information is treated with the highest levels of confidentiality and security.
Showtime Finance can be contacted on 0218255454.