RCS Loans aims to provide desirable and accessible credit solutions for South African individuals. The institution specialises in providing short application times for individuals and pre-qualification in seconds.
Loans options are flexible and are offered from R100 to R125 000. Repayment terms range from 12 months to 5 years. Unsecured in nature, the personal loans require no collateral from individuals. With online applications, RCS Loans are easy to access.
What is required for application?
- Latest payslip
- 3 months’ bank statements
- Proof of residence
- Be permanently employed
- Be 18 years or older
- Have a valid South African I.D.
- Earn a minimum of R8000 per month
- Have a good credit record
- Have an active bank account
What is required to process your application?
You valid South African I.D.
Your valid bank details
Repayments will be made on a monthly basis by debit order. Should you require repayment plans to be changed as an RCS client, you will need to submit bank statements for the previous 3 months.
Once you qualify for an RCS Loan, you can expect to receive funds within 24 to 48 hours. You will then have extra cash which you can use however you wish. You can use these funds for your car maintenance needs, to pay for your study costs or even for wedding costs. As an institution that is NCA compliant, RCS ensures that it only lends to individuals who are able to afford repayments comfortably on a monthly basis. A thorough risk assessment is done prior to commencement of the lending process. Individual risk is considered when instalments are calculated.
The application process is simple and made easier through the online platform here:www.rcs.co.za. This allows you to save time without having to go through face-to-face interviews or having to wait in long queues to apply.