Payday Loan
Get a Cash Converters Payday loan against your salary.
The Payday loan is not available in Namibia.
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Why a choose a payday Loan
• It is a safe and secure process
• You walk out with instant cash
• You get a loan against your salary
• Loans can be paid onto a Cashies Card™
• The loan complies with the National Credit Act, ensuring ethical and legal loan practices
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PAYDAY Loan Facts
You must:
• Be a South African citizens (not available in Namibia)
• Be 18 years of age or older
• Be permanently employed
• Provide your most recent payslip
• Provide your last three months’ bank statements – which can’t be older than four days
• Allow Cash Converters to confirm applicant’s employment during office hours
• Be in possession of a RICA registered mobile number
• Be registered for cellphone banking; and the associated number needs to be linked to the account
• Ensure your salary is paid electronically into your bank account – and you are the main bank account holder
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Things you need for a payday loan
• Proof of South African identity in the form of:
○ Green bar-coded ID
○ Smartcard ID
○ Driver’s license
○ Passport
• Your most recent payslip
• Your last three months’ bank statements – which can’t be older than four days
• Proof of residence - utility bill, account, or lease agreement
• Contact details:
○ Your mobile number as well as the contact details of two additional friends or family members
○ In possession of a RICA registered mobile number
○ This cellphone number must match the number registered to your cellphone banking profile
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How It Works
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VisitPop into the Personal Finance Centre at your nearest Cashies store
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ChatDiscuss your personal loan needs with one of our friendly consultants, who will assist with completing the necessary documentation
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Get your cashIf your loan is approved, you can choose to receive cash or request that funds are loaded onto a Cashies Card™
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RepaymentTotal amount repayable is due under a DebiCheck mandated collection