For most people looking for personal loans, the ideal solutions are those that are quick, efficient and convenient. Getting access to a personal loan is no longer limited to applying through a mainstream lending institution like bank. Nowadays you can access quality personal loan services from a registered micro lending institution or alternative financial institution.
First for Women is a leading financial institution that was initially formed to provide unique insurance services for women.
Through the years, the institution has evolved to provide a range of financial services.
Tell me more about First For Women Personal Loans?
First For Women Personal Loans are arranged and administered by Direct Axis.
Personal loan amounts range between R5000 and R150 000. These loans can be tailored to suit your personal needs, so you have a repayment term of between 12 months and 5 years.
The loans are unsecured, so as an applicant, you don’t have to worry about putting up any asset as collateral.
A further benefit offered by the loan is that repayments are fixed, so you can budget better every month. Your instalments aren’t affected by interest rate fluctuations.
The loan rate and initiation fee are determined by your personal risk profile. As an applicant, you need to provide proof that you will be able to afford to make repayments comfortably at the end of each month for the loan term.
Unlike in the past, applying for a personal loan doesn’t mean that you have to make any branch visits. Technology has made life much easier, so applications can be done online. There are no face-to-face interviews or unnecessary paperwork.
What are the qualifying criteria?
- Have a good credit record
- Earn a minimum monthly income of R5000
- Provide your latest 3 months’ payslips or bank statements
- Provide a clear ID copy provide your bank details
- Provide proof of residence
To contact First For Women, call: 0861 222 677