Debt Lab is a Cape-Town-based institution that specialises in providing personal loans and other financial services. Unsecured loans are offered by the lender, which means that clients don’t need property to secure the loans.
Why choose Debt Lab?
If you are looking for a personal loan solution, Debt Lab may have the ideal solution for you. Loans are tailored to meet individual needs. They are based on individual affordability, so you are assured that you will get a loan which you will be able to repay at a comfortable pace.
Blacklisted individuals are welcome to apply. Debt Lab understands the challenges faced by many South Africans under the harsh economic conditions they are faced with. Job losses may also contribute to individuals not being able to pay their debts off, often resulting in them being blacklisted.
Debt Lab offers payday loans which can be helpful for giving you a financial boost until your next payday.
Personal loans are offered from R1000 to a maximum of R50 000.
Repayments can be arranged via debit order at the end of the month.
Repayment terms are flexible and can be made from 3 to 24 months, giving individuals a reasonable period to repay the loan.
Interest rates that are charged are based on clients’ individual profiles.
After applying for the loan amount you want, you can expect results of your application within 24 hours.
Once you are approved for a loan, the loan amount is deposited directly into your bank account. Pay-outs are fast and funds are paid out to clients within 48 hours.
What documents do you need to apply?
- Valid South African ID
- Latest bank statements
- Proof of income
- Proof of residence
What are the qualifying criteria?
- Be older than 18 years
- Be employed
- Possess a valid South African ID
To contact Debt lab, call: 021 300 1077 or send an email to firstname.lastname@example.org