Research has shown that most South Africans prefer personal loans simply because there are unsecure and can be processed within a short space of time without the risk of losing property. The demand for such loans has seen the coming up of financial services providers which provide these types of loans.

CBT is one such company involved in the offering of personal loans giving means by which South African individuals can obtain finance for any purpose they desire. South Africans can apply for as much as R230 000 personal loans at an affordable rate that suits their needs. Loan applications are processed within 4 to 5 working days and clients who do not get a response within this period should consider their applications unsuccessful.

What documents are required?

The application can be done on line thus an applicant should have the following on hand when making an application:

  • Payslip
  • Bank statement
  • Proof of residence
  • Copy of ID

Applicants who don’t have documentation should use the No Documentation personal Loan application that is available on the website. Worth noting is that terms and conditions apply and the offer is subject to credit approval.

Applicants can alternatively fax their supporting documentation to 086 632 4954 i.e. latest payslips, 3 months stamped bank statements, proof of residence and copy of ID. These documents can be emailed to online@cbtafrica.co.za