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Loanwise

Loanwise efficient loan broker services

Loanwise is a South African-based business which helps South African residents find loans of up to R200 000. A specialist on personal loans,  this financial company does all the hard work for clients by going to the lender on their behalf.

The broker also has access to lenders across South Africa who specialise in providing financial assistance to individuals with bad credit records. Individuals with defaults and judgements against their names can also be assisted.

As a Nationwide brokerage, Loanwise doesn’t perform any credit checks, but the panel of lenders associated with Loanwise may do so.

How the Loanwise loan-finding service works:

You need to fill in an online loan application. There are no hassles and the interface is simple and easy to use.

Using the information you have provided, Loanwise will go to the lenders for you and source the best loan solutions for your personal needs. You can expect Loanwise to go the extra mile for you.

A once-off R350 service fee is charged. There are no hidden costs involved. The panel of lenders may perform credit checks and your affordability will be assessed. The turnaround time is normally 24 hours, so you won’t have to wait too long to get access to your loan as soon as you are approved.

Loanwise offers a seven-day cooling off period after approval of the loan. You can get access to loan amounts of up to R200 000. Repayment periods can be anything from 1 month to 60 months. Loanwise may be able to negotiate a repayment term of up to 72 months if necessary.

The maximum interest rate charged is 28% per annum. All associated lenders are registered with the National Credit Regulator (NCR). Once Loanwise has found a suitable personal loan based on your personal affordability and you have been approved, the amount will be paid directly into your account. There are no limits placed on how you can use the loan. Use it to pay for renovations on your home, for tertiary education costs or for an unexpected medical emergency – it’s completely up to you.

To speak to a Loanwise consultant, call 021 204- 7031 at any time between 8:30 and 16:30 form Monday to Friday.

Visit www.loanwise.co.za