TOP TIPS

PERSONAL LOAN TOP TIPS & FREQUENTLY ASKED QUESTIONS

If you’re thinking of taking out a personal loan? Take a look at these personal loan top tips direct from the experts:

IS IT RIGHT FOR ME?

Always ensure you receive a financial solution that suits your needs and lifestyle. It may seem like a good idea to take a loan against your bond but be aware that it adds up to more interest and finance charges. You may end up paying off your purchase over 20 years. Imagine paying off a computer over an extended period and before its paid up it’s long been obsolete

WHAT CAN I USE MY LOAN FOR?

Anything you choose really. It’s entirely up to you. You can use it to settle existing accounts, credit cards, home renovations, education, medical expenses or anything else you need. Your personal loan is yours to spend however you choose.

CAN I AFFORD IT?

Personal loan top tips answers the most important question of all. “Can I afford it?” It’s always a good idea to do a personal budget of your income and expenses. This way you can make sure that you can afford the monthly repayments.

HOW CAN I BUDGET FOR REPAYMENTS OVER AN EXTENDED TIME?

Choosing fixed interest rates helps you budget over an extended period of time. It is good to note that even if interest rates increase, your monthly repayments won’t be affected and you can stick to your budget easily.

personal loan top tips

READ THE SMALL PRINT – USE AN AUTHORISED FINANCIAL PROVIDER

It is very important to make sure you understand the costs and the conditions of a loan before you accept an offer. Be armed with information and make sure you only deal with a reputable credit provider who is registered in terms of the NCA.

HOW CAN I IMPROVE MY CASH FLOW?

The best way to do this is to consolidate your credit card and retail accounts with a King Cash personal loan. Choose a longer repayment period with fixed instalments and you’ll have only one, more manageable, monthly payment to make which in turn will improve cash-flow.

CONTACT US (CLICK HERE)

We are here to help you so drop us a line or give us a call if you have any questions

Email: info@kingcash.co.za

Office: 0800 113 637 (Free call)