In search of a protected and multipurpose loan that can help you get through times of financial need? You might want to take a look at the financial solutions offered by DirectAxis. Ready to find out the right option for your needs? Read on below.
DirectAxis Personal Loan Features and Benefits
No matter what your needs are, you can surely use this loan for your funding. Whether you are renovating your home, buying expensive gadgets or you are planning an out-of-the-country trip, DirectAxis Personal Loan will help you get the money you require. The best thing about this option is it is unsecured, which means you do not have to put your car or property on the line just to qualify.
If you put a premium on protection, then you have more reason to avail this loan. DirectAxis provides a Personal Protection Plan. This program lets you rest assured that your fund is covered in the events that render you unable to earn money for repayments. This includes death, disabilities (permanent and temporary) and unemployment. Keep in mind that the bank’s terms and conditions may apply.
Getting a DirectAxis Personal Loan
Availing this loan is pretty straightforward. Just head on to the DirectAxis website and click the online loan application. You simply need to submit documents that show that you satisfy the eligibility criteria. Be ready to provide copies of your South African ID or valid passport or driver’s license. For those without a South African ID submitting their passport or driving permit, make sure the documents are certified by a commissioner of oaths.
Aside from this, you also need to show that you are earning a minimum amount of R 5,000 every month. To do this, you can submit your latest payslips or bank statements of up to three months. An annual bank statement is needed for self-employed individuals and any source of income along with a bank statement are required for pensioners.
During the application, you can choose the loan amount (from R 5,000 to R 200,000) and term (from 2 to 6 years) you prefer. This way, you can customize your loan in a way that is manageable for you.
DirectAxis Personal Loan Fees and Charges
When you get this loan, you are guaranteed to get a fixed interest rate, which will be assigned according to your loan amount and term, as well as your financial and credit standing. Your loan can be as affordable as paying R 398.16 for a loan amount of R 5,000 repayable for 2 years, with an interest of 27.7%.
Meanwhile, you should keep in mind that there is an initiation fee (depending on your financial information) and a monthly service fee of R 69.
With this kind of personal loan, you can easily get the funding you need without a headache. In fact, your borrowing experience can be more convenient with the bank’s protection program. If you are interested in getting a DirectAxis Personal Loan, head on to their website to start your application and you can get your hands on the cash in no time.