Elite Group – Micro Lending Services for All South Africans

Elite Group – Micro Lending Services for All South Africans

The Elite Group is a leading credit provider with operations spread throughout five provinces in South Africa. The main aim of the institution is to revolutionise the credit industry. It aims to do this by providing a range of loans to the historically unbanked masses in the country. 

What services does Elite Group provide?

  • Personal Loans
  • Incremental Loans
  • Call Centre facility
  • Insurance products
  • Information Systems
  • Cellular Phones

More about the Elite Group Personal Loans:

These loans are tailor-made to suit individual need. They are provided on a short term basis. Repayments can be made within 1 to 6 months. Loan amounts range between R300 and R8000. Upon approval, Thelon amount is deposited straight into your bank account.

Incremental Loans:

These loans have been introduced with the aim of addressing the housing finance needs of individuals who have the ability to contribute financially to housing costs but to whom bank-funded housing finance isn’t readily available. More than one million individuals have been assisted with this service.

These loans are offered to home owners who wish to build homes on an incremental basis by extending or improving on their existing property.

They are designed to facilitate any improvements that increase the value of the house, such as enhanced security, installing a geyser etc.

These loans are offered from R3000 to a maximum of R20 000 and clients are given 10 to 36 months to repay.

What are the qualifying criteria?

  • Earn a minimum income of R2500- R7500 per month
  • Have valid proof of employment for 2 years
  • Show ability to service the loan
  • Be older than 21 years old
  • Be a South African citizen

What is the Elite Branded Card?

This is a debit card linked to MasterCard. Incremental loans are loaded onto this card and it can be used at pre-selected outlets.

To apply: 

Simply call 011 475 7705 or visit the Elite Loans website here: www.elitegroup.co.za

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