Power Finance- Instant Payday loans
There are times when we experience months that seem to go on forever – especially when we’ve run out of money mid-month. Borrowing cash for friends or family members may no longer be an option. Traditional lenders like your bank may not be very promising either. This is when you may consider approaching a micro-lending institution. The micro-lending industry has taken off rapidly in South Africa, with even traditional lenders adapting some of their policies to meet the demand for this kind of finance within the market. Payday loans have grown in popularity in recent times in South Africa, with more individuals turning to them during financially tough months.
In addition, access to cash has been made much simpler with the advent of online application systems.
A micro lending institution with optimal solutions for clientele is Power Finance. This entity specialises in providing instant payday loans, using a simple online process.
How does it work?
If you’re short of money during the month and you need just an extra boost to see you through until your next payday, simply fill in an application form and submit these documents:
- Latest payslip
- 3 months’ bank statements
- D copy
Power Finance will conduct a credit check and a loan term and the amount will be calculated depending on your risk assessment.
Upon qualification, the loan amount will be loaded onto a Power Cash Card which is protected by an ATM Pin. This card can be used for withdrawals at any ATM or for debit purchases. A maximum amount of R5000 can be loaned, or the largest amount relative to your salary.
Payday loans re expected to be repaid within 45 days and Power Finance will arrange to make a debit order repayment from your bank account.
Contact Power Finance by calling: 031 566-3590.