Izwe Loans South Africa are part of the Izwe Africa Group. They provide personal loans of up to R250 000. Repayment terms are flexible from 12 months up to 60 months.
Loan Summary
- Minimum amount: R1 000
- Maximum amount: R250 000
- Minimum term: 12 months
- Maximum term: 60 months
- Interest rate: Ranges from a low 15% to a maximum of 24.50% as stipulated by the National Credit Act.
In this article we are going to look at whether it is automatic for everyone to get the amount of R250 000. We will also discuss who is qualified to apply and how you can apply for a personal loan.
So will everyone automatically qualify for the amount of R250 000? The simple answer to that question is no.
In line will the National Credit Act, Izwe will do credit checks after you submit your loan application. From these checks, it is your credit record and affordability that will determine how much you qualify for.
What about the repayment terms? The good news is that Izwe offers flexible repayment terms. They understand that people’s circumstances and budgets differ. For this reason they allow you to choose a suitable term between 12 and 60 months that suits you budget.
Why Izwe Loans?
There are many credit solutions providers in South Africa and with that in mind why Izwe Loans?
Izwe means ‘nation’. It is the essence of what thay stand for: uplifting people for the greater good of their country,
Izwe’s mission is to enable people to enrich their lives by providing them with ready access to useful financial solutions.
Repayment terms are flexible allowing you to choose your ideal terms.
Quick, paperless and easy application process.
They operate within the guidelines of the National Credit Act and believe in transparency.
Izwe is committed to responsible lending. This means they will not approve a loan that you cannot afford.
Once you application is approved money is paid directly to your bank account.
Who is Qualified To Apply For Izwe Loans
To be able to apply for a persona loan you need to be 18 years or older with a valid South African ID.
Applicants must be employed and earn at least R2 000 per month. Izwe has this as a requirement because they want to make sure you will be able to pay back our loan. If you are not employed or earning any income it might be difficult for you to pay back your loan.
During application you will be required to submit proof of income documentation. This can come in the form of either latest payslips or 3 months bank statements.
How To Apply For A Personal Loan
You can apply for Izwe loans online by completing the Quick Check. After completion of this they will call you back to complete the application.
You can also apply telephonically by calling them on 010 206 7400.
Conclusion
Application for Izwe loans is quite straightforward and simple. Customers who have used them have mixed reactions.
Some have had a good experience with them enjoying the service from them to the extent that they have borrowed from them again.
At the same time others have faced challenges ranging from bad service and their accounts getting debited even after their loan is paid up.
Would we recommend you to apply for a personal loan from Izwe? Yes we would.
Just like any company they have their challenges but their aim is to enrich lives by making credit solutions available.
They have assisted others in the past and they would like to the same for you if you are looking for a personal loan.
To apply for a loan you can contact Izwe South Africa directly using the details below.
Izwe Africa Group South Africa Contact Details
Website: www.izweafrica.com
Telephone: 010 206 7400
E-mail: info@izweafrica.com
Physical Address
Aloe Grove, Houghton Estate Office Park,
2 Osbourne Road, Corner Terrace Road,
Houghton Estate, Johannesburg