Monthly Archives: August 2015

loans for pensioners in South Africa

All you need to know about loans for pensioners in South Africa

Getting access to a loan in South Africa has become slightly easier following amendments to the National Credit Act. Banking institutions have been trusted lenders for decades but an increasing number of people are also turning to micro lenders when they need cash.

A segment of the market that was previously ignored is the pensioner segment.

Loans for pensioners in South Africa

Studies have shown that regular income flow pensioners have access to credit, but this also makes them easy prey for loan sharks and other unscrupulous micro lenders. They are often charged at more than double the rate of commercial banks for short term loans. This can largely be attributed to the fact that many lenders expect the loans to be repaid within 24 months and it’s expected that pensioners will have a much harder time repaying the loan on time.
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MBC Finance loans

MBC Finance loans – convenient short term loans

MBC Finance loans – convenient short term loans

MBC Finance is a reputable financial services provider that has been operating for more than 14 years. NCA compliant, MBC Finance aims to ensure that all its processes are in line with regulations set by the National Credit Regulator and that all its operations are transparent.
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