Green Door Bridging Loans

Cape-Town-based Green Door Bridging Loans is the key that unlocks money for clients who are hard- up for cash while they wait for a pension or provident fund to payout.

Clients not prepared to sit out the agonizing waiting period for a pension payout after ending their work career will find the pension bridging loan specialist the right fit for them.

Opening doors for clients 

Green Door Loans situated in Voortrekker Road, Goodwood, is a registered credit provider that has helped thousands of South Africans successfully negotiate financial crises when they have most needed it. They are focused on quick, efficient loan services that ensure applications are processed in double-quick time and funds transferred to clients’ bank accounts in next to no time.

The credit provider believes every client’s loan needs are different and will tailor loans to suit every applicant’s need. The company is well aware that anyone who has retired or opted for a retrenchment package will have to pay bills and finance daily needs, while they wait for their payout. Therefore, should the easy online loan application be successful they can have the loan paid into a client’s bank account within three days.  

Helping clients get financial freedom

The company offers short-term loans and longer loans at the most affordable interest rate and will work out a payment plan based on the client’s pension payout amount. Green Door Bridging Loans prescribes to the rules laid down by the National Credit Regulator and applicants can be assured of fair practices. The company offers loan amounts of 10% of the lump sum payout clients are expecting. Green Door, therefore, helps clients have peace of mind while waiting for their pension settlement.

Submit details via the online platform. All they require is that applicants fill in their name and surname on the form field provided; their email address, and contact number.

A Green Door member will get back to the client immediately. Green Door Loans are only available to bona fide South African residents. If clients are unable to provide details online, the company is a phone call away on the contact number provided on the website.

Applicants will need to provide with their application, a copy of their SA ID document, proof of an active bank account, proof of residence, a three-month bank statement, and pension fund and provident fund documentation. The company will check the credit record with the bureau and will provide the client with further advice.

Pension bridging loan

The Green Door website portal has a loan calculator option whereby applicants can fill in the amount of the loan needed. For example, if the applicant wants to borrow an amount of R35 000 – this amount is inserted into the appropriate box. The applicant then fills in the applicable interest rate dependent on his or her credit rating (24.5%) and enters the preferable repayment term (six months).

The calculator will then calculate the amount owing over the six-month period (R6542 per month). The total capital loan repayment (R39 252) based on the example will be shown on the calculator form, plus the bank charges. Green Door Bridging Loans prescribe to the rules governing the National Credit Regulator which ensures that clients’ loans are subject to the appropriate interest rate.