Golden Loans are credit packages that are offered to anyone looking for some financial relief that comes from reputable lenders in South Africa. Golden Loans itself does not offer any loans but acts as a loan broker that facilitates the provision of loans for their customers from its lending partners it works with.
Getting credit by yourself can be a difficult process particularly if you don’t meet the stringent qualifying requirements that most lenders such as banks require to give you a loan. This is where companies such as Golden Loans come into play by doing all the running around for you.
Their loan application process is free to their customers and they get their commission from the lender that will eventually approve your loan application. Golden works with a number of National Credit Regulator approved lenders and are able to give you personal and payday loans, motor vehicle loans, debt consolidation loans among many others.
Why choose Golden Loans?
Golden Loans have been a popular credit solution for most people because of the fact that Golden outsources various loan products from their network of lenders thereby greatly increasing your chances of securing a loan that you require.
Golden works a middleman between various lenders on the market and you the borrower, and they will take your single loan application and submit it to various lenders. Golden knows the hassles that you will go through if you want to apply for personal loans by yourself, and their service makes the process much easier with no paperwork, queues or face to face interviews.
Golden works with a number of lenders that are approved by the National Credit Regulator and this will ensure that you get the best possible and transparent loan package that won’t hurt your pockets. Their lending partners believe in responsible lending and will make sure that the loan you get approved for will be affordable and convenient for you.
Another advantage of apply for loans through Golden Loans is that people who have a blacklisting or bad credit can get approved for loans which will be subject to some terms and conditions. People with bad credit often find it difficult to secure loans from institutions such as banks due to their bad credit history and most lenders don’t want to deal with such people.
Golden Loans will help people with bad credit secure loans from their lending partners but these people may pay a higher monthly installment and high interest rates due to their risk factor. They will assess your affordability and will come up with a loan package that will suit your financial status.
Golden Loans FAQs
What are the application requirements for these loans?
Golden Loans requires you to be a citizen of South Africa with an identity document over the age of 18 years, must have a permanent job and bank account where your salary is paid into, must provide your latest 3 months bank statements or payslips and proof of address not older than 3 months. Because they work with numerous lenders you might be required to provide additional documentation by the approving lender.
How long does it usually take to receive the money?
If all your documentation is in order and the lender has approved it you should be able to receive the loan money paid into your account in a matter of a few hours. This can also be affected by the day of the week and time the money is paid out, and also the interbank transfer scheduling if the banks sending and receiving money are different.
How do I make my repayments?
The lender that will give you a loan will deduct your monthly installments from your bank account by means of a debit order. The account where the debit order runs from has to be the same account where you receive your salary pay outs from.
Am I restricted on how I use these loans?
No, there is no restriction on how you choose to use these loans so you can use them to buy groceries, repair your vehicle, pay school fees or rent and so on.
I am blacklisted, can I still get loans from them?
Yes, Golden helps people with bad credit or blacklisting get credit but they will pay slightly higher loan repayments than people with good credit. Remember people with bad credit come with a risk factor of defaulting so you will get shorter repayment terms and higher monthly installments.
Golden Loans Contact Details
More detailed information on how you can benefit from these various credit solutions offered through Golden Loans simply get in touch with their consultants on 0861 604 9677/78 and speak to them about your financial requirements. You can also go online and visit their website www.goldenloans.co.za where you will be able to find out more details about their service offering.