WIZZIT personal loans

WIZZIT is a financial institution which has contributed to revolutionising the financial and banking sector in South Africa. Using the power of internet to reach as many clients as possible, WIZZIT offers banking services especially to the unbankable.One business area that this financial house has explored is the provision of personal loans.

These personal loans have been designed to assist individuals and families with worthwhile financial demands such as medical bills, education fees, home maintenance costs etc. The WIZZIT personal loan offers money from a minimum amount of R500 to a maximum amount of R12,000. As a mark of responsible lending, clients shouldn’t borrow if they don’t really have to and the amount of money offered is determined by the strength of the application and credit risk assessment.

To qualify for this loan, a client needs to be 18 years and above, permanently employed with the same employer for at least 6 months, salary must be paid into the WIZZIT account or any other bank account for at least 3 months, have the latest payslip, ID book or passport, proof of residence and 3 months bank statements. Clients should also not have judgements against them and should be contactable by telephone.

The only costs clients should look out for is the initiation fee of R150 on the first R1,000 plus 10% on the balance excluding VAT, monthly service fee of R50 excluding VAT. Interest rates are charged from approximately 2.6% to 5% per month depending on loan value and loan period.

To apply for this loan, WIZZIT can be contacted on 0861949948.