Get home Improvement Loans with Evolution Finance

Staff Writer

Updated on:

Evolution Finance loans

Over 600 connected hardware retailers can refer consumers to Evolution Finance for loans of up to R175,000. Customers might take as long as 60 months to pay back their loan.

Loan alternatives are available through Evolution Finance, which was formerly known as Real People Home Improvement Finance. These choices are available to consumers of more than 600 connected hardware stores who wish to make purchases. Instead of handing over the loan money to the consumer, Evolution Finance makes a direct payment to the participating hardware store.

This serves as payment for the items needed for the construction or remodeling project. Their one-of-a-kind method of starting credit transactions within the store gives their merchant clients more power by increasing the volume of sales they generate. In addition, it provides customers with an option that is simple to utilize to meet the requirements of their home renovation projects.

How Evolution Finance works

The money from the loan is paid to the participating hardware store directly by Evolution as payment for the building or remodeling supplies you purchased there.

You will only be responsible for paying interest on the portion of the loan that has been utilized during the first six months of the loan duration. After then, the amount of your installment is going to be computed based on the total amount that is still owed, and it is going to be a set amount up until the loan is completely repaid.

To assist you in paying for labor and other associated costs, you are eligible to receive up to thirty percent of the total loan amount in cash.

The process of applying for a loan within the physical store.

STEP 1: Visit a participating store
STEP 2: Request a loan from Evolution Finance from a courteous credit consultant in.
STEP 3: Determine the loan amount for which you are eligible.
STEP 4: Select your homebuilding materials from a retailer.
STEP 5: Complete the Evolution Finance loan application in-store as the fifth step.
STEP 6: Obtain authorization within 2 hours*
Evolution Finance will pay the merchant directly for your construction materials in STEP 7.

*Subject to submitting all required documents with the initial loan application and meeting all underwriting criteria.

To apply for Evolution Finance you will need the following:

  • Valid SA ID or driver’s license.
  • RICA Number of the registered cell phone.
  • Your most recent payslip and bank statement displaying the most recent three salary deposits; OR the most recent three months’ worth of bank statements (if you are self-employed).

You are eligible to apply if:

  • You either have a job that is permanent, you are self-employed, or you have a contract job.
  • You receive a monthly salary of at least R 3,600 and have that amount electronically deposited into a bank account.
  • It is possible that you are as young as 18 or as elderly as 64.

Evolution Finance contact details

Tel: 086 110 1724
DMC Views
12 Esplanade Street
East London