How can I qualify for a bank loan in Cape Town?

How can I qualify for a bank loan in Cape Town?

How can I qualify for a bank loan in Cape Town?

Although lending criteria vary from provider to provider, there are generally a few things that demonstrate your reliability as a borrower. This means that, whether you are applying in Johannesburg, Bloemfontein, or Cape Town, a certain set of restrictions commonly apply to consumers who wish to be granted a bank loan. All applicants must be over 18 years old and be South African citizens, and more often than not permanent employment is essential. Some providers rely on credit checks, while others calculate nett salary and affordability, to evaluate a consumer’s ability to repay the loan. Finally, having no existing debt may help you qualify for a bank loan in Cape Town.