Vodacom, one of South Africa’s biggest telecommunication companies in partnership with Old Mutual, has established the VodaLend Personal Loan made to help people who are in urgent need of financial assistance to consolidate their debts or solve any financial emergency.
The safe and trusted Vodacom VodaLend Flexible Personal Loan has a quick application process that only takes minutes, so there is no time to be wasted when you are in need of financial help. You can borrow from a minimum of R3000 up to R250 000 and you can choose the repayment period that suits you and it ranges from 6 months up to 72 months for any loan amount.
Quick Example: When you borrow an maximum amount of R250 000 for period of 72 months, you are going to repay R8 724,24 per month and in total you are going to repay R628 144,92
VodaLend Personal Loan Requirements
In order to be eligible for the personal loan you should know and meet the following requirements:
- Must be a South African citizen
- 18 years and not older than 60 years
- Earn at least more than R2500
- Permanently employed or on employment contract for three months or more
Documents Required for the Personal Loan
Here are the needed documents when applying for the VodaLend Personal Loan online:
- Valid South African ID document
- Recent Payslips not older than 3 months
- Stamped recent 3 months bank statement
The application process for the loan will be done online, so you are required to have soft copies of the valid documents on the device you will be using to apply.
Steps to Apply for the VodaLend Personal Loan
The following are the 4-easy steps to apply for the Personal Loan:
- Go to the Vodacom VodaLend website
- If you are a new customer click on the “Get Started” button then select “Apply Now”
- Finish the simple process of applying
- After you’ll be contacted by the consultants to conclude the application
Frequently Asked Question (FAQ’s)
When will I receive my Personal Loan?
When you’ve applied, qualified and approved your DebitCheck mandate your money will be paid to your bank account in just 10 minutes
Can I apply if I have a bad credit history?
Yes, you can apply for the loan if you don’t have any current outstanding debts and you meet the eligibility requirements
Can I repay my Personal Loan before the final repayment term?
Yes, you can fully repay your loan early when you can, simply call 086 010 2209
Click here to access more personal loans.
