Create a free Loan Agreement form in minutes. Our attorney-crafted Loan Agreement is a legal and binding contract between two parties -- a lender and a borrower -- that can be enforced in court if one party does not hold up their end of the bargain. Select your State and Fill in the Form. Complete your Agreement in Minutes. Print and Download for Free. Creating a Loan Agreement. Updated January 22, 2018 by LegalTemplates.
Only online applications are considered. Why. Because vetting of your application also happens online. This means your ID is scanned on all credit bureaus to ascertain risk, online. But all in all the application process is extremely easy.
You will be required to create an account and submit your personal details including bank account details and employment history. Credit profile rating : Must be good or acceptable. 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.
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.
No documents are required at all. You submit no proof of income (pay slips), no 3 months bank statements are required,no proof of residence, no copy of id is required, no documents are faxed or emailed at all.
No employment confirmation required.