Large financial institutions in South Africa are often only willing to finance high-income markets, often leaving low-income earners with limited options of obtaining credit. Show time Finance is a lender that specifically aims to assist clients with bad credit histories, judgements against them, garnishee orders, defaults or those denied credit by commercial lenders.
Offered as payday and short-term loans, these financial solutions are from R1,000 to a maximum of R15 000. The repayment periods are 30 days or 4, 6 and 12 months for short-term loans. An added benefit of selecting Show time finance is the option for clients in arrears to extend their repayment plans to a maximum of 24 months.
Show time’s compliance with the Consumer Protection Act warrants that applicants are informed of fee structures in a manner as transparent as possible. An annual interest rate of 60% is charged and a monthly interest rate is 5%. A service fee of R57 is charged monthly and a monthly initiation fee is charged at 13.72%, while credit and life insurance is at 2.1%.
Show time’s application route is a simple 3- step procedure:
Request a form
Fill it in
Check your email
Should you qualify, you can get your loan within 48 hours.
Your application will only be considered if you satisfy these prerequisites:
Be at least18 years old
Provide proof of income (payslip)
Provide proof of residence
Provide an I.D. copy
Provide banking details
Call Show time on 021 825 5454 or apply online. Show time will provide prompt assistance.