Vecto Finance in Somerset West, Cape Town offers loans from R500 to R10 000 with easy repayment terms of over five or 12 months, 20 or 40 weeks, ten or 20 fortnights.
Clients may not be under debt administration or have any judgements against their name when applying. The online application from Vecto Finance is easy, safe and clients can get a response in a few hours. Vector charges an interest rate of 32.6% as prescribed by the National Credit Regulator. An initiation fee of between R75 to R150 plus 10% of the loan amount in excess of R1 000 are payable.
Clients will need to be employed in order to apply for a loan from Vecto Finance. They would also need to submit proof of income, copy of ID and three months bank statement. Monthly repayments are not deducted via debit order but deducted from the clients’ salary by their employer who pays it to Vecto Finance. Therefore clients will not worry about debit orders and not making repayments in case they went over budget during the month.
Clients can consolidate their debt, make funeral arrangement, pay for studies or take a holiday with an approved loan from Vecto Finance. To get more information on loans offered by Vecto Finance and to get the application form, clients can visit www.vectofinance.co.za.