Name of the Organization : First for Women Insurance Company Limited
Type of Facility : Apply for a loan
Head Quarters : Dainfern
Website : https://www.firstforwomen.co.za/products/personal-insurance/personal-loans/
Download Terms & Conditions : https://www.southafricain.com/uploads/8118-personalloan.pdf
Apply for a Personal Loans :
Our personal loans are designed to give women more financial freedom and empower them to meet pressing personal needs such as medical fees, education fees, home renovations, car purchases or maintenance, or even take a holiday. And with no collateral required, there is no risk involved.
Related : First for Women Insurance Customer Services Contact Number : www.southafricain.com/8115.html
1st for Women tailors your personal loan to suit you. You choose your loan amount – from R5 000 up to R150 000** and you can pick your repayment term, from 12 months up to five years. Your repayments are fixed so you don’t need to worry about interest rate fluctuations.
We know that you’re busy so won’t waste your time with face-to-face interviews or unnecessary paperwork. Just apply online anytime, or call 0861 222 677, from 8 am to 8 pm, seven days a week.
Loan repayment terms range from 12 to 60 months. The maximum interest rate with regards to a 1st for Women Personal Loan Personal Loan* is 28% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile. An illustrative example of a loan at an interest rate of 28% per annum
Loan amount R50,000.00 plus a once-off initiation fee of R1,197.00 and a monthly admin fee of R68.40, over 60 months. The total cost of the loan will be R99,747.64 which is an Annual Percentage Rate (APR) of 31.45%
What you need to apply :
** A good credit record
** A regular monthly income of at least R5 000
** Your last 3 months’ payslips or bank statements
** A clear copy of your ID document
** Details of your bank account into which your salary is paid
** A recent document confirming your residential address
By applying for a 1st for Women Personal Loan you confirm that :
** You are not currently over-indebted;
** You are not going through financial difficulty;
** A court has not declared you mentally unfit;
** You have not applied for or are currently under administration, provisional or final sequestration or debt review;
** If married in community of property, or by customary or tribal law your spouse has given you written consent to enter into this Agreement;
** All information you give us is true and correct; and
** You will ensure that you have read or listened to and understood the Terms and Conditions before accepting any loan amount that you may be offered.
We may :
** check and verify any information that we need in connection with this Agreement; and
** contact you by SMS or email about this or future applications.
** You must read or listen to the Terms and Conditions of the Agreement and understand it before you accept any specific terms in your Quotation.
1. Costs of credit : (costs related to the Agreement)
You must pay the following costs of credit :
** Interest at the fixed annual interest rate set out in the Quotation, which we calculate on the outstanding loan amount at the end of each day and add to the Principal Debt every month on your chosen payment date. We calculate it from the start of the Agreement.
Initiation fee for the costs of preparing a new Agreement, which you may:
** pay upfront and send us proof before we pay out the loan amount; or
** include in the Principal Debt, where we will charge interest on it.
** Service fee is a fee we charge each month to manage your Agreement. If you enter into the Agreement during the month, we will charge it pro rata (just the relevant portion) for that calendar month. We will add the fee monthly to the Principal Debt. The service fees we charge will never exceed the maximum fee in terms of the Act (which fee may be amended from time to time if the Act is amended). We will give you at least 5 (five) business days written notice if we increase the service fee amount.
** Default administration costs when you do not pay any amount due on time or do not comply with any of the other terms or conditions of this Agreement. Default costs include any administration, legal and/or collection costs and commissions that a debt collection company or attorneys may charge in terms of relevant laws.
** Premiums for any Personal Protection Plan you decide to take out, charged monthly.