Affordable Home Loans Made Easy – Qwiekfin

Overview

Qwiekfin, a South African based call centre with over 25 years of experience in the credit industry, provides loans of up to R5 000 000.

We aim to make your application process smooth and hassle free.

At Qwiekfin we provide loans to South African citizens who are 18 years or older, who have been permanently employed for at least 3 months, with a salary of at least R2000 per month.

When applying for a loan, consider these guidelines:

Annual interest rates will be calculated at the loan amount x 2.2 + 20% per year. Initiation fees will be R150 per agreement plus 10% of the amount of the agreement in excess of R1000 but never to exceed R1000.

Mortgage agreement interest will be calculated at the loan amount x 2.2 + 5% per year. Initiation fees will amount to R1000 per credit agreement plus 10% of the amount of the agreement in excess of R10 000 but never to exceed R5000.

How payments can be done:

Payments will be done by direct monthly debit orders from the client’s bank account.

What happens if you default on payments?

Should you change bank accounts, notify your service provider in order to avoid penalties for non-payment. This will result in an increase interest and applicable fees. It will also make it difficult to secure further loans.

Should there be non-payment, the lender will attempt to contact the client and propose solutions. Should there be no resolution, the lender can involve their internal collections department or an attorney to attempt to liaise with the client.

Clients may qualify for a second loan if they meet their repayment obligations and if they meet criteria set by the NCR.

Qwiekfin also provides personal loans of up to R150 000.