Loan Detector SA
- Apply for a loan online
- Low interest rates
- Affordable repayment terms
[Accessed January 31, 2023]
Loan Detector SA - Loans between R1 000 and R10 million
They're a national-based company, situated in Cape Town and they run a high-end, inbound call centre along with web-based applications, that in turn offer unique and extremely handy 2 in 1 service packages.
This package includes an affordable Telephonic Legal Assistance Plan, as well as a complimentary loan-finding service.
They have a wide range of products and services
They pride themselves on the efforts and efficiencies in the market and their registered staff currently process over 12 000 applications per month on behalf of their clients.
No matter the requirement, should it be for a bond or even vehicle finance, their providers will assist you with their skills and services which abide by the laws of the National Credit Regulator.
Loans up to R10 million
They can offer you a personal loan from R1 000 – R10 million! They also offer the ideal procedures when it comes to assisting you with an unexpected financial situation. Another benefit is that your repayments with thm are tailored to suit all your financial needs.
What are the requirements?
If you’re a citizen of South Africa or a permanent resident that's over the age of 18 and earn a minimum of R1 500 per month, then you're welcome to apply for a long-term or payday loan with them.
You'll need to provide proof of your residential address and have a bank account into which your salary is deposited each month. It’s important to note that Loan Detector SA is an independent firm and therefore has no affiliation with any other.
Tailor-made loan options and advice assistance
They keep mentioning their service package, but they haven’t explained what’s in it! Loan Detector SA has essentially structured a package that offers a bouquet of paralegal services for your convenience.
Your first month will cost you just R399 in subscription fees and R99 per month thereafter for the remaining 11 months. Their service package affords you the opportunity to enjoy a number of personal loan benefits. Still unsure? Take a look for yourself.
Professional advice assistance
A service package’s telephonic advice service comprises a number of advice assistance services to suit your every need when it comes down to legal stuff.
Motor vehicle accident claim assistance advice service, personal injury advice assistance service, conveyance advice assistance service, and domestic violence advice assistance service are just a few to mention. You’ll even receive a complimentary loan-finding service to use for the duration of your package upon registering for one.
Reliable and tailor-made loan options
As for their reliable and tailored personal and payday loan in South Africa, they have a number in their arsenal to equip you with when the need arises. They have secured loans for cash emergencies, and unsecured loans for those who don’t have any collateral to offer and still require funds in a lump sum.
They offer bonds also known as mortgages, which you can take out with them should you wish to buy a new home. Then there’s also your traditional personal loan that you can apply for that you could ultimately use for anything, from a medical emergency to children’s varsity tuition or simply going on a family holiday!
You can also expect to be serviced by them through vehicle finance, bridging finance, and even debt consolidation for sorting out your debt as opposed to actually purchasing or spending on something new.
Loan Detector SA – Payday loan
- Loan Type Payday loans
Benefits of Loan Detector SA
- Payday loans
- Legal services
Payday loan calculator
Loan Detector SA - Superior loan finding services
Load Detector SA ensures you know all there is to know when taking out a loan
The minimum period you can expect to repay a loan over is 3 months, while the maximum offered is 60 months and you can apply by completing their online loan application.
Implications of late payment of a loan
If for any reason, whether unforeseen or not, you happen to miss the payment date, you'll be held responsible for the interest charges on any late payments. By approaching Loan Detector SA upon having granted you a loan, and they have considered your loan and seen that you're potentially unable to afford to repay it, they'll assist by trying to find a suitable solution which may include rescheduling the loan.
If you fail to adhere to the requirements of the arrangement, then your profile will be handed over to the attorneys. They then introduce the legal side in order to collect the accounts' outstanding money. Be prepared to pay for interest and legal costs in such instances, also bear in mind that it could negatively impact any chance of obtaining future credit.
Consequences for non-payment of a loan
When you miss a payment altogether on your loan, you're in danger of your creditworthiness being judged quite harshly by other banks and online loan providers. There will, of course, be a reason from your side for the non-payment, but Loan Detector SA will need to report the loan in arrears after a few unsuccessful attempts at recovering the instalment. Your credit history is then affected.
Service fees of a credit provider
When a credit agreement is drawn up there is a fee that's incurred for the service provided. It’s basically for administering and furthermore, maintaining the credit agreement.
The financial service provider can opt to charge this fee to you per month or per annum, it’s their prerogative. The NCR regulates all service fees such as by specifying the maximum fees that can be legally charged, therefore there’s no need to concern yourself with being overcharged by them.
The APR (Annual Percentage Rate)
What is APR? The Annual Percentage Rate of charge (APR) that corresponds to a nominal APR and sometimes to an effective APR, can quite simply be defined as the interest rate for an entire year (annualised), rather than just the monthly fee or charge, as applied for payday loans, bonds and credit cards as an example. In a nutshell, it’s the total finance charge, over a year.
Customer Reviews & Testimonials
I've finally found a company that actually puts my needs first.
— Potchefstroom —
I would recommend Loan Detector SA to anyone looking to take out a loan. I experienced top standard customer service. Their consultants were always ready to help and they did a good job in helpin...
— Johannesburg —
Loan Detector SA Contact
- N Bank Ln, Century City Cape Town Western Cape 7441 South Africa
- Get Directions
- PO Box 569, Century City, 7446, South Africa
- Monday 08:00 – 17:00
- Tuesday 08:00 – 17:00
- Wednesday 08:00 – 17:00
- Thursday 08:00 – 17:00
- Friday 08:00 – 17:00
- Saturday – Closed
- Sunday – Closed