What is a Personal Loan?
From application to approval, Atlas Finance is here to help you navigate the personal loan process. An authorised and registered provider of loans online, we’ve been helping thousands of people achieve their financial goals since 1994.
What is a Personal Loan, and How Do You Apply for One?
A personal loan is a type of loan used for personal expenses; covering a range of needs, from consolidating debt to financing a home improvement project. With Atlas Finance, personal loans come with a short-term repayment period of up to 6 months, tailored to your affordability and credit score.
Applying for a personal loan with Atlas Finance is straightforward. You can complete the process in one of our 250+ branches nationwide OR online, making it convenient and quick. Simply fill out the online application form, and our team will review your details to determine your eligibility.
Is Getting a Personal Loan a Good Idea?
Obtaining a personal loan can be a smart financial move if managed responsibly. It can help you consolidate high-interest debts, cover unexpected expenses, or finance purchases. That being said, it is essential to consider your repayment capacity and ensure you can comfortably manage the loan payments. Our team is on hand to guide you through the process – simply contact our customer care line on 0800 204 679, or use the branch locator here for specific branch contact details.
Are Personal Loans Better Than Payday Loans?
Personal loans, such as those from Atlas Finance, provide flexible repayment periods of up to six months. This can be a more manageable option compared to payday loans, which are designed to be paid off in one month. With a personal loan, you have more time to repay, making it a convenient choice for those seeking financial assistance.
Can a Personal Loan Be Used for a Business?
Unfortunately, we do not offer vehicle loans or business loans.
Is It Hard To Get a Personal Loan?
Obtaining a personal loan is a straightforward process, and we aim to make it as seamless as possible. Regardless of the loan size, the paperwork and process remain consistent. We take into account various aspects of your financial situation, including your credit score, income stability, and debt-to-income ratio, to give you the best chance of approval. With our skilled staff, user-friendly online application, and clear guidelines, applying for a personal loan can be an easy and manageable experience.
How Can I Get Approved For a Loan?
Getting approved for a personal loan involves a few key steps.
- Ensure you have a good credit score, as this significantly influences your eligibility. For a free credit check, you can visit Experian.
- Gather all necessary documents, namely your original ID document OR Passport, & Work Permit (for Foreigners), latest 3 months’ bank statements, and your most recent payslip.
- To enhance your approval chances, be transparent about your financial situation.
What Is The Most I Can Borrow on a Personal Loan?
The maximum amount you can borrow with a personal loan varies based on your financial profile and the lending institution’s policies. At Atlas Finance, we tailor loan amounts to suit your affordability and credit score, ensuring you don’t borrow more than you can manage to repay. We offer personal loans up to R8,000, with repayment terms of up to 6 months, and more financial solutions, which can be seen here.
For more information or to apply for a personal loan, click here. With a simple online application process and short-term repayment options, Atlas Finance is here to support you every step of the way.
