Financial Sounds Personal Loans FAQs: Get Answers to Your Questions Here!
At Financial Sounds, we understand that you might have questions about our personal loans in Pretoria. We’ve compiled a list of frequently asked questions (FAQs) to help you get the information you need. If you can’t find your answer here, don’t hesitate to contact us!
A personal loan is an unsecured loan that provides you with a lump sum of money to cover various expenses. You repay the loan with interest over a predetermined period.
We offer personal loans ranging from R500 to R20000.
Our loan terms are flexible, ranging from 1 to 6 months.
The application process is fast and easy. You'll typically receive a pre-approval decision within minutes. Once approved, funds are usually deposited directly into your bank account the same business day.
You'll need a valid ID/Passport, proof of employment, and banking information.
No, there is no penalty for paying off your loan early at Financial Sounds.
Eligibility and Application Process:
To be eligible for a personal loan, you must be a resident of Pretoria, employed with a regular income, and at least 21 years old.
We consider various factors beyond just credit score during the application process. While a positive credit history can be helpful, it's not a strict requirement.
You'll need a valid South African ID or Passport, proof of income, and your bank account details.
The online application process takes just a few minutes to complete.
We'll review your application promptly and typically provide you with a pre-approval decision within minutes. If approved, you'll be guided through the final steps to finalize your loan agreement and receive the funds.
Once approved, you'll electronically sign your loan agreement and receive the funds directly deposited into your bank account.
Loan Terms and Repayment:
Our interest rates are competitive. The exact rate will depend on your individual circumstances. We are transparent about our rates and fees, and you'll know the full cost of your loan upfront before you apply.
Repayments are made conveniently through automatic debit orders set up during the loan approval process.
Missing a loan repayment can incur late fees and damage your credit score. If you foresee difficulty repaying, contact us as soon as possible to discuss options.
We typically don't offer loan term extensions. However, it's important to communicate any challenges with repayment as soon as possible. Our customer service team can discuss your options and explore ways to help you manage your loan.
Additional Questions:
If your loan application is declined because of a negative credit profile (such as being under debt review or having defaults), Financial Sounds offers professional debt counselling services to help you. Our counsellor will assist you in clearing your credit profile with no upfront fees, providing you with the support needed to improve your financial health and increase your chances of future loan approval.
You can call or WhatsApp us at 072 809 0874, or fill out our online contact form.
