Are you in need of loan repayment of up to 72 months with a company that can offer you long term, medium term or short term loans from R1000 up to R200 00? You have come to the right place; Loancentre is the company that can give you what you are looking for.
Loancentre SA is a nationwide brokerage with over 20 years of experience in the credit industry and assists people to acquire Personal loans up to R200 000. The financial firm conducts long term, medium and short term loans up to R200 000. Applications can be done online.
Annual percentage rates
The firm has initiation fees of R150 per agreement plus 10% of the amount of the agreement in excess of R1000 but never to exceed R1000 Interest rates :RR X 2.2 + 20% per year.
What happens if you don’t repay the loan?
The company has a single initial cost if your monthly debit order was abortive as a result of inadequate funds or changing bank accounts without an alert from the service provider. The service provider will make an effort to contact the client with the thrust of resolving the problem. If the client can’t be found or the problem can’t be solved, it would be handed over to the internal collections department to see if a solution to the problem can be found.
If an agreement can’t be reached, the lender can make use of an external collections company or an attorney. This will lead to an increase in fees and interest. The client will be listed with all the major Credit Bureaus. You will probably find it very difficult to buy anything on credit or get any type of finance. It might even be difficult to open a bank account. Paying back creditors for money you owe them will also not be enough to clear your name you still have to get legal help to get consent from your creditors to remove the listings.
Certain company’s would not remove defaults listings even if the account is fully paid. Your records will reflect that the account has been paid up but still listed under your name. This will have a big influence on the clients credit score and it will be very difficult to get any more credit from any loan provider. Monthly premiums for loan repayments will be done by direct debit order collection from the clients bank account. Unsuccessful debit order collections may result in the client being charged a fee by his own bank for the unsuccessful transaction.
Can you get another loan at Loancentre SA?
Yes you can get one provided you are up to date with your loan repayments; you may qualify for a second or third loan depending on the criteria as set by the loan company. You will have to apply again and the loan provider will look at the client’s profile, affordability and many other things. The loan provider will then make a decision based on the rules and regulations as set by the NCR.