Are you in need a personal loan or an emergency loan? If your answer is yes than you can definitely look at Iemas Financial Services loans. In addition to personal loans, Iemas also provides consolidation loans, educational loan, vehicle finance and home loans.
Before we take a look at the different products, let’s answer the question, who is Iemas Financial Services?
Who Is Iemas Financial Services?
Iemas Financial Services (Co-operative) Limited is a registered credit provider and authorised financial services provider.
They operate and function for the benefit of those using Iemas products, giving them an opportunity to be a part of something bigger.
Iemas Financial Services has agreements with corporates across South Africa. This makes it easy for them to offer their products and services to those employed at these companies.
For those that take the Iemas products will enjoy the benefits that come with the products and in addition, they also become a part of the organisation and share in annual profits. Iemas Financial Services is a co-operative.
The agreements Iemas has with the employer further allows for one consolidated monthly repayment via salary deduction. This results in reduced bank charges and ensures that payments are not missed.
Some of their employer groups include; Dimension Data, Adams & Adams, AccTech Systems and University of Johannesburg just to mention a few.
Iemas Personal Loans
You can apply for a personal loan from R1 000 up to R200 000. Application is done online by completing the online enquiry form. After completion of this form a consultant will contact you to discuss your unique needs and give you the next steps to follow.
To Apply; You need to be 18 years or older and have a valid ID, submit 3 months bank statements and payslips and proof of residence not older than 3 months
What are the fees charged? When you take up a loan you will be charged a once-off initiation fee of R1,207.50 and you will be charged a monthly admin fee of R69.
What is the interest rate? Interest rates will vary depending on your credit profile and the terms you choose. Please note Iemas Financial Services will never charge more than the prescribed rates by the NCR.
Iemas Emergency Loans
This option is ideal when you are faced with an emergency and need cash immediately. You can apply for an emergency loan of up to R6 000. Application is done online by completing the online enquiry form.
Iemas Consolidation Loans
Debt consolidation is a loan for the sum of all/or some of your unsecured loans and credit, like personal loans and credit card debt, from various credit providers.
If you consolidate your debt, you are able to settle all your high-interest debts and close these accounts, leaving you with only one debt repayment per month to the credit provider who granted you the consolidation loan. Iemas Financial Services will negotiate the best option and terms for you.
To Apply; You need to be 18 year or older with a valid ID document. 3months bank statements and 3 months payslips will also need to be submitted with your application. In addition, you will need to submit proof of residence and settlement letter of the creditors you wish to settle/consolidate.
Iemas Educational Loans
GradUcare can help you further your own studies and pay for your child’s education, from pre-school right through to university. It also covers student accommodation, stationery, textbooks and even school trips.
Application is done online by completing the online enquiry form. After completion of this form a consultant will contact you to discuss your unique needs and give you the next steps to follow.
Remember, to qualify for any educational loan you will need to be enrolled at a recognized tertiary education institution.
Iemas My Home Loans
With a pension-backed home loan you can renovate your home – from installing your dream kitchen to adding an extra room or even a pool! The upside is increasing the value of your house.
Iemas Vehicle Finance
Iemas will find the best finance deal for you and insure it through Iemas Insurance Brokers. If your car is currently financed, you can speak to them about refinancing for a better instalment.
It is always a good idea to have an idea what you are in for before you take up a loan. We recommend making use of their vehicle finance calculator to get an idea how much your car loan will cost you.
Vehicle finance applications require the following documentation:
- Identity Document / Certified copy of Identity Document, Passport or Identity Card
- A valid driver’s licence
- Three latest payslips
- One month’s bank statement
- Most recent proof of residential address (not older than 3 months)
- Quotation or Offer To Purchase (OTP)
Conclusion
The downside is that, to have access to the full range of Iemas’ products and services, an individual must belong to a participating employer group/company where Iemas has a salary deduction facility agreement. Certain products are however available to the general public, these include: Short-term insurance and the Iemas Purchase Card.
However, it’s not all doom and gloom as individuals can also apply for private membership. They should earn a minimum basic salary of R40 000 per month gross, and have a clean credit profile.
Iemas Financial Services can definitely be trusted. They are professional and committed to meeting their obligations
Integrity and dignity are some of their core values. This means they believe in honesty at all times and adhere to highest ethical principles. In addition, Iemas respects themselves and the people around them.
Iemas Financial Services Contact Details
Website: iemasfinancialservices.co.za
Telephone: 0861 043 627 / SMS “Loans” to 32297
Email: loans@iemas.co.za