For many South Africans the news of the country’s official entry into a recession has meant that they now have less money to spend at the end of each month. More people have had to tighten their belts in recent months. This has also meant that people who would have relied on banking institutions to get access to extra finance are now less likely to qualify for finance.
More people are turning to micro financial institutions for loans. While the market is flooded with an array of such institutions, few of them are trustworthy and reliable. One such institution is Bruma Finance.
Tell me more about Bruma Finance?
Established in 1997, Bruma Finance is a trusted micro lender that is fully committed to responsible lending. A registered member of the National Credit Regulator (NCR), Bruma Finance only provides finance to individuals who can afford to make repayments comfortably, without causing too much strain to their budgets.
Personal Loans from Bruma Finance range between R1000 and R15 000. Qualifying individuals have between 6 to 18 months to repay.
Affordable and convenient, loans from Bruma Finance are ideal for short-term needs. There are no limits in terms of how you can use the loan. Whether you use the loan to pay for tertiary education costs, for home renovations or for funeral costs- the choice is completely yours.
Bruma Finance loans come with Credit Life Insurance cover, which is included in your monthly repayment instalment.
Debt consolidation loans of up to R15 000 are offered, giving individuals a convenient single loan amount to repay, instead of having to deal with multiple repayments.
Specialising affordable “credit you deserve,” Bruma Finance strives to make payments within 24 hours.
To qualify for finance from Bruma Finance, you need to provide a valid South African ID, your most recent payslip and a copy of your latest 2 months’ bank statements. Applicants also need to be aged between 21 and 60 years of age.
To contact Bruma Finance, call: 0861 33 11 33