A micro loan is a small loan that you obtain after an affordability assesment has been done on you.
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- We do apply a certain credit criteria which includes the following
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- How have you repaid other institutions
- How long have you worked with your current employer
- How long have you been with your previous employer
- How many other loans do you have outstanding
2. HOW DO I OBTAIN A MICRO LOAN?
- Go to your closest branch and take the following along.
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- Your ID Book
- Your latest payslip
- A recent three month bank statement
- A proof of address
3.WHAT WILL WE DO WITH THE ABOVE?
- We will do a full affordability assesment
- We will do a National Loans Register (NLR) enquiry
- You will then be provided with a quotation for a loan
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- This quote will be based strictly on the rules and regulations of the National Credit Act
- There are a few forms that you have to sign
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- These forms are a requirement of the NCR
- You will know know exactly for how much you qualify
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- you will also know what the interest rate is
- You will also know what the total cost will be
- You will know exactly what your repayment will be
- If you wish you can accept your qoute and you could have your loan amount immediately
- Just authorise a debit order and off you go.
www.unitedfinance.co.za