We do not do credit reference checks because your loan is secured against your item. Individuals with defaults, arrears, bad credit or unfavorable CRB strikes are eligible to apply. Our loan agreements run for a month, and are renewable with advance communication in case of renewals. We accept logbooks, household items and electronics as security for the loans. The security items need to be in goo
d working condition and of a higher value than the requested loan amount. The original purchase receipt, police abstract for lost receipts or sworn affidavit from an advocate are required to indicate proof of ownership. Once the loan is disbursed, we will keep the items until the loan is cleared in full. Otherwise, as per the loan agreement, the items will be sold to recover the loan amount. Preferred items include (but not limited to) cars, motorcycles, bicycles, mobile phones, laptops, desktop PCs, TVs, PlayStation game consoles, home theatres, fridges, gas cookers and cylinders, cameras, hard disks, etc.
