What do online bank loan applications require in Cape Town?

What do online bank loan applications require in Cape Town?

What do online bank loan applications require in Cape Town?

When applying for an online bank loan in Cape Town, the consumer may be surprised to find the slightly more relaxed lending criteria or loan requirements apply. For example, whereas most banks and standard lending institutions run a thorough credit check and are reluctant to approve applications from those consumers with a less than perfect credit history, many online lenders differ. Rather than relying on credit history to evaluate bank loan applications in Cape Town, these lenders use a combination of nett salary and proof of employment, to determine the applicant’s affordability and are happy to approve the loan if the consumer falls within their minimum lending criteria.