@V-Capital Financial Service
A short-term loan is a type of loan that is repaid over a short period, typically between 1 to 6 months. It is designed to provide quick financial assistance for immediate needs
You can apply for a short-term loan by visiting our website and filling out the online application form. You will need to provide some personal and financial information for us to process your application
To be eligible for a short-term loan, you must be at least 18 years old, have a steady source of income, and meet our creditworthiness criteria. Additional documentation may be required during the application process.
The amount you can borrow with a short-term loan depends on your financial situation and our assessment of your ability to repay the loan. Loan amounts typically range from R1000 to R8000.
The interest rate on a short-term loan varies depending on factors such as your credit history and the loan amount. We offer competitive rates and will provide you with a personalized rate once your application is approved.
The loan repayment schedule is determined based on the loan amount and the agreed-upon repayment term, which ranges from 1 to 6 months. Repayments are typically made monthly.
Yes, there may be fees associated with a short-term loan, such as origination fees, late payment fees, or early repayment fees. All applicable fees will be clearly outlined in your Loan Agreement.
Yes, you can repay your loan early. Depending on the terms of your Loan Agreement, there may be an early repayment fee. However, paying off your loan early can help you save on interest.
If you miss a payment, you may be charged a late payment fee. Additionally, missed payments can negatively impact your credit score. It is important to contact us as soon as possible if you anticipate difficulty in making a payment.
A DebiCheck debit order is a debit order that you confirm electronically on a once-off basis, either at the start of your contract or when you decide to have your monthly repayment collected via DebiCheck debit order. The purpose is for you to confirm the details of the debit order with your bank before it is processed to your bank account. You personal loan will only pay out once you have accepted the DebiCheck mandate
Yes, all debit orders processed must have a mandate, but may not necessarily be subject to DebiCheck confirmation
No debit order can be processed to your bank account without a valid mandate
When you accept a DebiCheck debit order mandate you are approving that this is a valid debit order from that company or service provider you recognise. You will see the installment amount, frequency of the installment collection and the date of collection.
A payday loan is a short-term, high-interest loan typically intended to cover unexpected expenses or urgent cash needs until your next payday. These loans are generally due to be repaid in a single lump sum on your next payday.
You can apply for a payday loan by visiting our website and filling out the online application form. You will need to provide personal information, employment details, and bank account information to process your application.
To be eligible for a payday loan, you must be at least 18 years old, have a steady source of income, a valid bank account, and meet our creditworthiness criteria. Additional documentation may be required during the application process.
The amount you can borrow with a payday loan varies based on your income and our assessment of your ability to repay. Loan amounts typically range from R1000 to R5000
Payday loans have higher interest rates compared to other types of loans due to their short-term nature and higher risk. The exact rate will be provided to you once your application is approved.
Payday loans are typically due in full on your next payday, which is usually within two to four weeks. The repayment schedule will be clearly outlined in your Loan Agreement.
Yes, payday loans may have fees such as origination fees, late payment fees, and returned payment fees. All applicable fees will be clearly outlined in your Loan Agreement.
Yes, you can repay your payday loan early. This can help you save on interest and fees. There may be no penalty for early repayment, but it's best to check your Loan Agreement for details
If you miss a payment, you may be charged a late payment fee and additional interest. Missing payments can also negatively impact your credit score and may lead to collection efforts. It is important to contact us immediately if you anticipate difficulty in making a payment.
Renewal or extension policies vary by state and lender. Some states do not allow renewals or extensions. If available, renewing or extending a payday loan will incur additional fees and interest. Please contact us for more information on our policies.
You can contact our customer support team by emailing us at admin@v-capital.co.za, calling us at: 0 (+27) 73 129 4118, or visiting our office at Thohoyandou. We are here to help with any questions or concerns you may have.
@V-Capital Financial Service