After assessing your credit and income documents, the loan officer will take a loan application. If so, give the information requested and allow him to get a tri-merged (all credit bureau reports consolidated into one) credit report with scores.
He will prepare a "good faith estimate" of costs involved in doing the loan for you. Expect a higher rate than home loan rates, since land loans are higher risk to the bank. A full loan package that will require your signature and date are next. Discuss your appraisal and value with him and give a copy of the appraisal containing the appraiser's name and contact number.
One time pin (OTP) confirmation : One time pin is sent to your mobile phone and email confirmation is also done to complete application. Bank Transfer : Cash is only transferred to applicants name matching name as reflected on identity book. Bank account number is also matched for legitimacy. Minimum loan application : R100 Maximum loan application : R2500 increased to R8,000 based on your good repayment patterns. Only big five banks are used : Nedbank, Absa, First National Bank, Standard Bank and Capitec.
If you do not have an account with these banks, instant pay day loans can not be processed or considered.
Start My Application Now. Reason to Choose Us. We understand it can be really tough to face any unexpected financial emergency. Thats why CashOne wants to assist you to get a cash loan of up to 1,000 or more in as little as 1 business day. …directly into your bank account. Bad Credit Loans.