Loans FAQ's
Can I apply for a short term loan while am still owing on a personal loan?
Yes you can have more than one type of loan at the same time - but before you apply for the short term loan check the required monthly payments for both loans and make sure you can afford paying both off at the same time – If you can’t afford both repayments then don’t take the short term loan.
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How much can I borrow?
The loan amount you qualify for depends on a whole host of different things and it is determined by your credit profile. So, the simple answer is: we can’t tell you until you have done an application and your credit profile has been assessed.
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What documents do I require for a loan application?
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What interest do I pay on the Lamna loan?
Interest is calculated monthly and needs to be paid monthly. Lenders will typically base their rate on your credit profile. Ask your consultant about the interest you will be paying and what fees and charges you are liable for as well. If you have a good credit record you should generally get a good rate of interest on your loan.
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I want to pay off my debt, but I am blacklisted. Will I get a personal loan if I tell the loan company that this is why I need the money?
If you are blacklisted, it's highly unlikely that you will get a loan since you are a credit risk, lenders will be very cautious about providing you with further credit.If you want to pay off your debt, your best option is to opt for debt management. You can apply for
If you want to pay off your debt, your best option is to opt for debt management. You can apply for debt assistance here.
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Can I apply for a personal loan if I have a joint banking account?
There two possible scenarios:
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