For many individuals who are looking for access to simple loan solutions, turning to banks may often be their first option. What has become the norm in recent years however is that lenders have become more stringent with their lending criteria. This has often meant that individuals have had to turn to micro lenders for assistance.
Fortunately, the financial industry in South Africa is strictly regulated. As a result, consumer rights are protected and lending institutions have to register with the National Credit Regulator (NCR). Consumers have access to a wide array of financial institutions that offer various financial services in line with the National Credit Act.
An institution that offers simple financial services is JKMS Loans.
More about JKMS Loans:
Short term loans are offered from R1000 to a maximum of R8000. Individuals have 1 to 6 months to repay the loan. These loans are not designed for long-term use and are ideal for meeting short-term needs such as paying for rent, school fees or covering certain debts.
Applying for a personal loan from JKMS Loans is a simple and secure process. Applicants can also expect a response within 24 hours.
Personal Loans range between R4000 and R150 000.
Debt consolidation loans offer an easy way for individuals to settle multiple debts. JKMS Loans is an authorised loan agent for various lenders, so the institution can provide simple debt consolidation solutions. There are no upfront fees charged for the service.
What do you need to qualify for JKMS Loans?
- Be between the ages of 18 and 65 years
- Have a permanent source of income
- Earn a minimum income of R5000 per month
- Have an active bank account
- Provide your latest 3 months’ bank statement
- Provide your latest payslip
For more information about JKMS Loans, send an email to: firstname.lastname@example.org