Yebo Loans is a Port Elizabeth-based financial services provider that was established in 2005. The aim of the lender when it was established was to provide loans to all employed South African citizens. Individuals with bad credit ratings and those who are blacklisted are also assisted by Yebo Loans.
Yebo Loans provides individuals with loan amounts from R5000 up to a maximum of R120 000.
What are the requirements for application?
- Be a South African citizen
- Be employed for 3 months or longer with the same company
- Have a salary that is paid into your bank account
To apply for a Yebo Loans product, simply visit www.yebo-loans.co.za.
Technology has made it much easier to access extra funds when needed. Yebo Loans is one of the many micro lenders that has facilitated an easier application process by creating an avenue through its online platform.
Research by MFSA has shown that many South Africans prefer benefits associated with micro lending institutions compared to traditional lenders such as banks.
Micro lenders such as Yebo Loans are considered more flexible when it comes to their repayment terms. They are also more relied upon due them being able to create more personalised solutions for clients.
Yebo Loans provides a faster processing system and has a fast turnaround rate. Applicants don’t have to wait in long queues and there are no lengthy face-to-face interviews to deal with.
Loans are approved based on individual affordability so blacklisted individuals don’t have to worry too much about their credit record affecting the application negatively.
To contact Yebo Loans, call: 087 151 1537 or email: info@yebo-loans.co.za
