HOME LOANS UP TO
R5 000 000
Loan Repayment Schedule:
| R50 000
|| R433 pm
| R100 000
| R150 000
R1 300 pm
| R200 000
R1 735 pm
| R500 000
R4 339 pm
Calculations based on 8.5% interest rate
Welcome to Qwiek Loans!
Qwiek Loans is a nationwide brokerage with over 25 years experience in the credit industry that help clients all over South Africa to obtain PERSONAL LOANS UP TO R150 000.
We apply for you at our panel of lenders that are all registered with the NCR.
BENEFITS OF BEING A QWIEK LOANS MEMBER
Personal loan Applications up to R150 000
Every month one of our members will win a R1 000 cash prize (It might be you)
You will have your own online attorney for assistance you may need with any legal matters.
We have independent attorney firms on our panel with qualified attorneys who will assist you with legal problems by means of telephonic or online consultation on any legal field
- Clearance of criminal records
- Maintenance matters
- Bail applications
- Criminal matters
- Drafting of Wills
- Civil claims
- Labour Matters
Please note that all our lenders are registered with the NCR. See the below guidelines when applying for a loan:
ANNUAL PERCENTAGE RATES
(unsecured credit transactions)
Initiation fees: R150 per agreement plus 10% of the amount of the agreement in excess of R1000 but never to exceed R1000
Interest rates :RR X 2.2 + 20% per year.
Initiation fees: R1000 per credit agreement plus 10% of the amount of the agreement in excess of R10 000, but never to exceed R5000.
Interest rates: RR X 2.2 + 5% per year.
Every lender has their own policy so this is just a guideline.
IMPLICATIONS OF NON PAYMENTS
There should only be initial cost if your monthly debit order was unsuccessful as a result of insufficient funds or changing bank accounts without prior notice to the service provider. The service provider will try to contact the client in order to resolve the problem. If the client can't be found or the problem can't be solved, it would be handed over to the internal collections department to see if a solution to the problem can be found. If an agreement can't be reached, the lender can make use of an external collections company or an attorney. This will lead to an increase in fees and interest. This will have a big influence on the clients credit score and it will be very difficult to get any more credit from any loan provider.
Monthly premiums for loan repayments will be done by direct debit order collection from the clients bank account. Unsuccessful debit order collections may result in the client being charged a fee by his own bank for the unsuccessful transaction.
If a client is up to date with his loan repayments, they may qualify for a second or third loan depending on the criteria as set by the loan company. The client will have to apply again and the loan provider will look at the clients profile, affordability, etc... The loan provider will then make a decision based on the rules and regulations as set by the NCR.