With Boost loans, the length of time borrowers have to pay back loans might be anything from one to six months. The annual percentage rate of interest that may be charged on a personal loan via Boost Loans cannot exceed 24.50 percent (compounded monthly). Your individual risk profile will serve as the primary factor in determining both your rate and your first charge. An illustrated example of a loan for R1000 with an interest rate of 24.50 percent per year plus loan costs would have a total cost of R1299.32 if it was paid back over the course of one month.
What Kind Of Documentation Is Required To Apply For A Boost Loan?
- The most recent pay slip,
- a copy of your identification book,
- and the most recent bank statement covering the last three months.
There are no up-front nor further costs involved. Before you decide to take the loan, we go through all of the expenses with you. We have helpful consultants available. In addition, we are always making efforts to simplify and expedite the process of applying for a loan.
You may have your loan approved without leaving the convenience of your home or workplace.
Boost loans application process
Step 1: Select Which Loan You Will Use
Make a decision on the amount of money you need as well as the date you want to pay it back.
You may choose precisely how much cash you need by adjusting the sliders on the webpage, as well as the number of days after which you would want to return us. A loan application may be submitted online at any time, day or night, seven days a week. Borrow between R300 and R5000 and have the assurance that your monthly financial commitments will be fulfilled with the peace of mind that comes with it. In most cases, you will be required to make the payment on the same same day that the loan was authorized and you accepted the Debicheck.
Step 2: The second step is for you to tell us about yourself.
Please fill out our confidential application form online. In order for us to establish whether or not you are eligible for the loan that you desire, you will be required to furnish us with your personal information using our online application form. You will be required to give us with information on your bank account, monthly income and spending, and job data in addition to your identification number. A decision will be communicated to you as soon as it is made.
Step 3: The third step is to get your cash.
The funds will be deposited into the bank account that you provide. You are the one who is responsible for ensuring that the account is functional and that you have access to the ability to make withdrawals. We shall not make loan payments to an account that belongs to a third party. Each and every payment will be deposited into an account that bears your name.
Boost loans contact detail
Telephone: +27 63 445 9010
Send an email to applications@boostloans.co.za with any questions about customers or applications.
