Edgars Personal Loans

Edgars Personal Loans


Edgars offers all their customers Edgars personal loans that are personal to the customers’ Edgars card and they give you money to spend as you like plus free vouchers to spend at Edgars and R250 back in Edgars Vouchers. Edgars Personal loans are available to the Group’s 4.2 million account holders. 

Banking products currently consist of the private-label store cards, co-branded personal loans, home loans and Edgars & Jet MasterCards. The division provides third-party credit management services to Arthur Kaplan Jewellers, Tiger Wheel and Tyre, Ceramic Tile Market (CTM) and The Cross Trainer. Most Optometrists currently have agreements that allow them to charge transactions onto customers? Edcon accounts. Edcon credit is also an accepted tender at MediCross, Prime Cure and selected Netcare Hospitals.

To apply for an Edgars Personal Loan you will need the following:

  • Earn a gross monthly salary of R4 000 or more
  • Have a clear credit record

Do have the following documents handy:

  • Your latest payslip
  • Three months’ recent bank statements
  • Proof of residence and an identity document

What is an unsecured loan?

A loan that is issued and supported only by the borrower’s creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. Borrowers generally must have high credit ratings to be approved for an unsecured loan.

When you apply for a loan that is unsecured, the lender believes that you can repay the loan on the basis of your financial resources. You will be judged based on the criteria used to assess a borrower’s creditworthiness. Character, capacity, capital, and collateral refer to the borrower’s willingness and ability to repay the debt. Conditions include the borrower’s situation as well as general economic factors.

Categories: Loans

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