SA Multi loans give all people the right of access to credit and have been doing so since 1994. They are a loan sourcing company which aims to make sure that you get the money that you need when you need it. SA Multi loans in South Africa can help you borrow for the following: Bridge Loans Business Funds Car Finance Home Loans Debt Consolidation Personal Loans Wedding Finance Holiday Funds Over the years they have streamlined their business in such a way that they are able to give you a loan. Without you having to leave your home or office. What is more is that this organization does not discriminate against you based on your credit history. But say that they rather look at your future potential. For those of you who are looking for a loan, SA Multi Loans website is the best place for you to go. At www.saml.co.za not only can you take a look at what they have to offer. But you can use their calculator to determine how much your terms, your repayments and fees. In addition to this, you can use their budget test to see how much you qualify for. The best… Read More

MFC is the Nedbank car finance offering. It stands for Motor Finance Corporation. Due to a merger between MFC and Nedbank Vehicle and Asset Finance, the previously named Motor Finance Corporation is now simply known as MFC. The approach of this enterprise is to offer cost-effective services to clients, through the use of leading technology and motivated, well-trained staff. Please Note: If you are looking for Nedbank car finance as a blacklisted person in South Africa, there is no such thing. You can find out more about blacklisted vehicle finance here: Can you Buy a Car or get Car Finance while Blacklisted? MFC being a division of Nedbank have strict policies in place for lending. Blacklisted car finance is known as high risk lending and most banks cannot help with it. MFC Car Finance from Nedbank offers a full range of services relating to vehicle purchase and sale For a prospective buyer, the website lays out a simple 3 step process: -          Calculate -          Find a MFC accredited dealer -          Choose a finance option MFC offers 2 types of finance option: -          Instalment agreement -          Lease agreement An instalment agreement applies when a buyer “purchases goods from the bank over… Read More

Should you be looking at purchasing a car, brand new or second hand, then you will also want to consider the car dealer vehicle loans and if it is a good or bad idea. It does not quite seem right when you think about it for a brief moment. A car dealer providing a service other than cars. But when you think about it a little more you begin to realize that this is part of the service. And a way for the car dealer to diversify themselves against their competitors. This might interest you as well: Blacklisted Car Finance for People in South Africa Benefits of Car Dealer Vehicle Loans: You do not have to deal with any bank (I can hear you sigh with absolute relief) The car dealership has all of your details on hand They offer you the piece of mind by doing the work for you But is it that simple, and are you getting a fair deal? It really is that simple. Here are the basic steps should you want to go down this path and have the car dealer assist you with your vehicle finance: You see the car that you like, one… Read More

Are you looking to buy a car at a wholesale price? Then consider Absa vehicle and finance repossession centers as your next option. At this point you might think this is not a great idea at all. You might think that repossessed cars might be old, tired and likely to become scrap rather than staying out on the road. But consider the current economic climate. Many people have over-extended themselves and are now in financial trouble. The banks are owed money, people cannot pay their monthly car installments, so the vehicle is repossessed by the bank. And, this means that a perfectly good vehicle is available and not at full retail value. So what is the next step? It’s very simple. All you need to do is find out where your nearest Absa repossession centre is. And when they are having their next auction. By visiting www.absa.co.za you will find a very simple table that indicates which centres are having auctions. Taking it one step further, you can click on the catalogue for each centre to determine what cars are on auction. So you can determine ahead of time if it is worth it. This is fantastic as you can… Read More

Woolworths financial services in South Africa include the following: Woolworths Personal loans Silver Credit Card Gold Credit Card Black Credit Card Woolworths Store Card Woolworths Balance Protection Insurance Travel Insurance Gift Cards Many South African stores which traditionally played in the retail space have recently branched out into offering financial services. Woolworths is no exception to this trend. While Woolies used to only offer clothing and food to consumers, they have gradually expanded their offerings. They introduced home ware some time ago, then cellphone products. They offer a full spectrum of financial services as well. Personal Loans from Woolworths Financial Services Woolworths offers a fixed term personal loan. Or a revolving term personal loan. The key difference here is that with a fixed loan, you pay back a set amount every month. And you can’t access that money once you have paid it back. In order to qualify for a personal loan from Woolworths, you must be over 18 years of age. Also have a valid South African identity document or book. Have permanent employment where you earn at least R2 000 per month and you must have a bank account. There are two types of personal loan available: a… Read More

Affordable vehicle finance is for you if you are looking to buy a car and don’t have a big bag of cash lying around. Once you have found your dream car, whether new or second hand, you will need to know the various options available to you. And move swiftly in order to avoid losing those dream wheels. Affordable vehicle finance is available for Cars Motorcycles Bakkies Scooters Trucks Fleet Vehicles Trailers The National Credit Act sets out standard conditions for a vehicle instalment sale agreement. Essentially, provision of credit to purchase a vehicle is on the condition that the borrower pays back the capital plus interest. Monthly Instalments and Interest Rates Your monthly instalments for car finance will be according to the purchase price of the car. This, beyond sticking to a budget, is pretty much beyond your control. What is slightly more in your control is the interest rate you get. And the “extras” such as warranties, that you add to the price of the car. The way in which you can “influence” your interest rate on car loans offered by banks in South Africa, is by having an impeccable credit record. If you always pay your debts… Read More

If you are looking for PayDay loans there is one piece of advice you need to hear. Run...Fast! This trap is deceptively easy to fall into. And unlike other alternative cash loans available. It is a way to get yourself into even deeper debt. And ultimately, more serious financial trouble. Payday loans can be dangerous because Interest rates are high Payday lenders can be dodgy Payday loans can trap you in a debt cycle Online Payday loans are too easy to apply for A PayDay loan, as defined by Wikipedia, is a small, short-term loan that is intended to cover a borrower’s expenses until the borrower’s next payday. In other words, it is a “short-term, high interest loan used as an advance against your net paycheck.” They are usually paid out within 24 hours of application. Making them an attractive option for people needing cash in a hurry. In South Africa they are frequently referred to as “Pay day Loans Traps” or “PayDay Loans Scams”. Because of the compound debt effect they produce. Payday Loans are Dangerous Payday loans can be dangerous for South Africans, here's why. The trap is essentially this. A consumer takes out a payday loan to… Read More

Small loan comparisons will help you determine which of the lenders are best for you to use. If it is finance you need, then it is finance you can get, but you have to find the right company to lend from so that you don’t end up paying back too much on the loan. Some companies even lend money to blacklisted individuals, so if you have a problem with bad credit then you have to find the right company to use. You may borrow money for personal or business reasons, this doesn’t matter. Comparing the terms of the loans is what you have to do first, as well as the interest at which they have to be paid back. With everything that has to be taken into consideration, the small loan comparisons can take some time so you have to give yourself a few days to research different lenders. A personal loan can sometimes cost a little more than a business loan, but not all companies are the same, so you will just have to ask the companies you are dealing with and see what they have to offer you. The companies will also have their different definition of a… Read More

Blacklisted? Get your credit rating back in South Africa by getting financial help. First of all, if you still have a lot of debt outstanding, you should consider debt consolidation if you are able to borrow money. Should someone carry out an ITC check on you they will be able to see that you are black-listed and trying to open an account, purchase a car, rent a house or anything else that requires borrowing will be impossible. However, if they do approve what you want, they will probably charge you a lot more and your interest will be higher. Counseling is also sometimes recommended, just to help you get through the financial stress that comes with being in debt. So if you haven’t had an ITC check done, how do you know if you are blacklisted? Get your credit rating back by squashing all your debt and getting the financial help you need. With debt consolidation, you can borrow money to pay off all your debt and then the only debt you have is paying off the consolidation loan. This helps because then you don’t have to pay different debts, you will just have the one debt which makes your… Read More

Finance a car with Wesbank in order to drive around in your new favourite possession in a couple of days of applying for a vehicle loan. There is nothing more irritating than finding the car you love and then not having the funding available to buy it and drive it around with pride. This means no road trips from across South Africa with your friends, or trips to visit your family in Durban or Cape Town. But luckily, you can get finance on your wheels from Wesbank with ease. So now you can drive to Johannesburg for that interview in your brand new car and blow your potential employer away. Many auction events across South Africa offer vehicles loans on the cars and therefore if you want look at the variety of automobiles on auction, you can finance a car with Wesbank right there and then. These auctions offer great value for money as the cars on auction are usually sold at greatly reduced prices as the majority of vehicles on offer, are bank repossessed cars. This means that not only can you find your dream car, you can find it for a reasonable price and get finance at the… Read More