Life has been made easier by the invention of the internet where small business people can perform transactions online. Applying for a loan online is a step any small business person who is seeking financial assistance can do by simply adhering to all the necessary requirements required by the creditor of that online transaction.
Today we focus on Show Time Finance, a financial creditor which allows any potential borrower to borrow money online. With Show Time Finance, a client has to “choose the amount and get the cash in 48hours.” Clients can apply for as little as R1 000 and up to R15 000.
The process of applying for a loan with Show Time Finance is done in three steps. The first step requires the applicant to request for the loan by filling the form (online application), the next step to is a response from the creditor via email. The last step is a confirmation regarding the application.
Meanwhile, a client has to sign a loan contract before the money is deposited in the account.
Upon approval of the loan application, a monthly rate of 5 % is charged by the creditor while a fee included in the client’s installment includes a monthly service fee of R57. Credit and life insurance is charged at 2.1%.
The creditor allows clients to choose the payment plan of their choice; selection of repayments is in form of months: 1, 3, 6 and the maximum being 12. Meanwhile, the financial institution has an option that permits clients to extend their repayment plan to a maximum of 24 months if they (clients) have account arrears. But terms and conditions still apply in such scenarios.
The creditor also helps clients who have bad credit histories, judgments against their name, garnishee orders, defaults or are simply refused by commercial banks.
Show time Finance can be contacted on 021 825 5454 or 082 381 8363.