Bank personal loans and finance are available through banks such as FNB, Nedbank, ABSA and Standard Bank. You can apply at any one of these banks when you are in need of financing for your bond or car, and it doesn’t matter if you are first time buyers or not; if you have a good credit record you stand a good chance of being able to borrow money for your house or vehicle. Of course everyone wants to purchase things like this cash, but unfortunately this is not always possible, and this is why there are things like loans available.
With first time buyers, it may be a little more complicated for you to go through the procedure of applying for a bond or car finance, but looking for bank personal loans and finance is easy. If you have bad credit or are blacklisted you will application will be denied and you will have to find other ways in which you can borrow money as no banks will help you; FNB, ABSA, Nedbank and Standard Bank will all turn you down. However, if you have a good record with nothing bad behind your name, as long as you earn enough money and are able to supply the documesnt they require, you shouldn’t have a problem getting a loan to buy a house, car or pay for studies.
There are private lenders that you could use, but then would you really go to someone you don’t know or trust and lend money from them? Their interest rates are normally ridiculously high too, so it is safer and more convenient for you to apply for any loans you might need straight from a bank. Banks personal loans and finance is available from any bank in the country, all you have to do is enquire about them for more information.