Are you in need of quick financial assistance from a trusted financial institute, Tymebank Personal Loan can assist you in your time of need, In this article we are going to learn more about this credit product and how you can qualify and benefit from it.
Tymebank in partnership with TFG Money offers personal loan amounts that can be enough for many people’s needs, whether you want to pay off medical expenses, consolidate debts, pay school fees or get your car fixed.
You can borrow a loan amount that starts from a minimum of R1000 up to R20 000 and any amount you borrow has a repayment term that ranges from 3 months up to 9 months and the interest rate can be up to 26,25%
For Example: If you borrow a loan amount of R20 000 with a repayment period of 9 months, you are going to repay R2 723,85 per month and in total you are going to pay back R24 514, 65
Benefits of Tymebank Personal Loan
Here are the benefits of the Tymebank personal loan which makes this credit product ideal for many South Africans
- Most of the application process is done online, no need to spend a lot of time and money visiting a branch
- Offers instant payment of the loan when you qualify
- No paperwork is required when applying
- Low Interest Rates
- South Africa’s cheapest personal loan
Eligibility Requirements and Documents Required for the Personal Loan
The following are the requirements one should meet in order to be eligible for the personal loan and have the soft copies of the required documents in your device.
- You must be a South African citizen, 18 years or older with a valid ID document
- Must have latest 3 months bank statements
- Must have a valid email address and cellphone number
- Must be employed or self-employed
How to qualify for the Tymebank Personal Loan
The Tymebank personal loan credit product is affordable and to qualify for the loan you must know if you meet the requirement, have a good credit score or history, must be able to complete the four steps that are required during the application process which are checking of your eligibility, sharing of the documents, signing the contract and having an active account where your loan will be paid.
Contact Details
To find out more about the Tymebank personal loan product you can get in touch with their friendly in store ambassadors, go to the website or give them a call on: 0860 999 119
To access more personal loan products just click here.
