The financial industry in South Africa has undergone a considerable amount of transformation following the implementation of various legislative measures. Yuppie Cash Loans has been around to witness many of these changes and progression. An institution with an abundant amount of experience in this sector, Yuppie Cash Loans has been inexistence for more than 15 years. With a focus on transparency and excellent customer service, Yuppie Cash Loans specialises in providing short-term loans to individuals. The institution offers clients individual treatment, catering for unique financial needs.
Offered to permanently employed individuals, Yuppie Cash Loans quick payday loans are from a minimum of R100 to a maximum of R1000. If clients always pay their repayments on time, subject to credit approval, clients may eventually qualify for loans of up to R10 000. An added incentive is the potential improvement in credit scores when clients pay back loan instalments on the days they are due.
Applicants are required to provide proof of a bank account that their salary gets deposited into on a monthly basis. Individuals may not have any judgements, defaults or blacklisting against their name. 3 months’ bank statements must be presented and prospective clients must be South African citizens with a valid identity document. Once an application is received, Yuppie processes it, does a credit check, confirms employment details and sends the candidate feedback via email. Applicants can then check on their application progress online.
Yuppie Cash Loans’ fees include a service fee of R50 plus VAT at 14% (which totals R57), an initiation fee of R45 for each loan issued. Loans are issued at an annual interest percentage rate of 60%.