Direct Axis Loans are products provided by Direct Axis, a specialist financial services provider. The institution provides customers with direct connections to loans and insurance. The entity has also provided more than one million personal loans. Tell me more about Direct Axis Loans Loans are provided from R4000 up to R150 000 in increments of R1000. Repayment terms are from two to six years, allowing sufficient time to make repayments comfortably. Loans are offered at fixed interest rates which gives clients the benefit of having a consistent monthly repayment. Pay-outs are quick and clients can expect to wait up to 48 hours to receive the funds. No collateral is required so applicants don’t have to worry about providing any assets up as security for the loan. Loans can be used for anything, including home renovations, paying for your child’s education fees or for covering family medical bills. Direct Axis Plus Loan: This is a secured loan which can be borrowed against a house, etc. These loans are paid out ranging from R50 000 up to a maximum of R150 000. If you qualify for this loan you will be expected to repay it over a period of four to ten years. The Direct Axis Plus Loan is offered at a fixed interest rate, so repayments remain unaffected by fluctuations in the prime interest rate. What are the requirements for applying?
- Have clear credit references
- You must earn a minimum monthly income of R3000 per month (proof of income is required if you’re self-employed)
- Provide a valid South African I.D. number
- Have an active South African bank account into which your salary is paid and from which debit orders can be made.