About Marven Finance
Marven Finance established in 1996 and has been helping individuals around the country with various types of bridging loans that relate to the sale and transfer of properties.
Typically, buyers, sellers and estate agents are known to use us for their financing requirements.
We are also proud to be a part of the Bridging Finance Association of South Africa.
We are dedicated to our clients
When you apply for a loan through Marven Finance, you will get to experience a team of professional staff that dedicate their time to providing you with reliable and fast loans.
Loans that are approved in some instances within as little as 10 minutes!
When is the most useful time to choose your business finance through bridging?
Bridging finance is fantastic when you are able to afford to pay it back before it becomes too costly.
This method of finance is typical to put down as a deposit on a new property or alternatively, to settle outstanding municipal debts.
It also provides financial aid to businesses. If you’re starting up a new business or need to develop an existing one then look no further for your financial help!
Should you require an instant loan and need it for your business in terms of growth and development, then Marven Finance is the key!
Marven Finance Services
It’s a certain type of short-term loan that allows for repayment over a term of 2 weeks up to 3 years in some cases, depending on what’s agreed upon at the point of approval.
It is also commonly known as a swing loan, and in South Africa more affectionately known as straight up bridging finance.
What exactly is a bridge loan?
This particular type of loan provides financing for an individual or business.
A bridge loan will offer interim financing for an individual or business until such time that permanent financing is obtained in the form of a property loan.
The funds from the newer finance agreement will serve as repayment for the bridge loan.
When opting for the bridging finance route, you’ll need the following:
- A valid South African ID book
- Proof of residence in the form of a utility bill that is not older than 3 months’ old
- Proof of income and employment from your current employer
- Three months’ bank statements - certified
- Any documentation that might relate to current bonds, perhaps a valuation certificate as well as the signed offer to purchase on a property
Proof that the conditions of the sale on the property have been complied with – i.e. the buyer’s financial record must be clean and in order and all documents that should be signed must be signed by both the owner and buyer. The online loan application can be completed quickly in the comfort of your own home.
Marven Finance Product Details
- Loan Type Quick loans
Summary of Services
- Property bridging finance
- Pension bridging finance
Bridging finance made easy through Marven Finance
Don’t apply for a loan without having done your homework! Boost your knowledge and go into this decision confidently.
If this isn’t your first rodeo, and you’re fully aware of the processes when buying or selling a property, it’s possible then that you understand bridging finance.
Having this knowledge at your disposal will certainly come in handy when your beautiful new home needs costs covered or your business requires funding for renovations.
In a nutshell
It’s a quick cash loan in advance where you get access to the money up front and then pay it back as soon as the funds are expected to be paid back to you. Banks exclusively used to offer these loans, however, other lenders such as Marven Finance even specialise in it now as well.
If you’re waiting on money to come in for a big order in your business, but in the interim, you need to purchase new stock for the business, the financier will lend you the amount you need, provided you can pay it back as soon as you receive your expected monies. These business loans can see the funds in your account within 2- 48 hours.
How much can I borrow?
That all depends on the turnover of your business since financiers will pay an advance equivalent to a percentage – roughly 80% – of the amount against which you’re taking out the bridging finance.
An advance isn’t free, but then again show me something in life that is? There are fees and an interest that is payable when you take out a bridge loan. You pay fees and interest on it.
Should the payout you’re expecting not come through, it doesn’t mean that you’re off the hook! You still have a personal loan that requires settling. These fees can range from R250 to R1 000, it’s simply a matter of how much you borrow.
We do adhere to responsible lending; therefore there are limits on the fees which directly comply with the National Credit Regulator (NCR). Our fees are charged on a weekly or monthly basis for the duration of the loan. Bear in mind, the interest rates are higher due to the level of risk.
Marven Finance is a trusted & reliable provider of quick loans
In our review, Marven Finance adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.
Marven Finance is a registered credit provider in South Africa: NCR CP1229
Customer Reviews & Testimonials
I was waiting for payment and needed to order more goods. I chose Marven Finance and it was the best decision I made!
— Johannesburg —
The loan helped me start my business, it helped me make my dream come true!
— Pretoria —
They put their clients first and it shows.
— Johannesburg —
Marven Finance Contact Details
- 021 913 3088
- 086 622 6434
- 50 Adderley St Cape Town Western Cape 8001 South Africa
- Get Directions
- 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