What is Just Money?
Just Money provides comparison services of financial products offered by various institutions across South Africa. They make it easier for citizens to compare rates, fees, and other factors that can impact their decision in choosing which lender they’ll submit their loan request.
Keep in mind that Just Money is not a lender who can directly loan you money. They’re just acting as an intermediary between you and their partner lenders.
Just Money is partnered with the best financial institutions in the industry that provide loans, insurances, and investment options. Their partner lenders include DirectAxis, Clientele, Old Mutual, Capitec Bank, and other trustworthy institutions.
You can use the money you borrowed for school fees, medical emergencies, home renovations, weekend getaways, and other personal things you want to do.
Just Money provides guides that can help customers get the best deals, as well as teach them how they can save money in repayments.
Getting Your Loan
To apply for a loan, fill out their online application form and wait for them to contact you to provide further details on how to proceed with your request.
By using their comparison service, you can find the lender most suitable to your needs. You’ll also save time by using only one site to compare everything instead of searching for each lender’s website and manually comparing their offers. Moreover, you’ll save money by getting the best deal available to you.
All vital information on each lender will be presented to you in an organized manner. It’s like you’re shopping for a loan provider because you’ll see all of them lined up, waiting for you to get them.
The amount you can borrow will depend on your credit rating and the capacity of the lender you’ve chosen.
Interest & Fees
Fees and interests on loans vary from one lender to another. The rates will depend on how much money you want to borrow, your credit risk, and the repayment period you’ve stated.
The comparison service JustMoney.co.za provides is free to use. Just Money makes money by charging their lending partners commission for every customer they can refer to them.
To get an overview on how much you’ll pay on tax, insurance, and loan products, you can use the online calculators they have on their website.
Repayment terms will vary on the amount you’re borrowing. Your financial capability is also a big factor that lenders look into. Some lenders may require you to repay the loan in just a matter of days. Some may be more lenient and allow repayment to take years to complete.
You can talk about the details on this with your lender during the application process.
All applicants must be South African citizens of legal age.
Here are the basic details you need to provide to lenders:
- Copy of your ID document
- Proof of residence saying you’ve been staying in the same place for the past 3 months
Proof of employment and 3 months’ worth of bank statements are also some of the documents lenders typically require from loan applicants.
To get in touch with Just Money, leave behind your message on the Contact Us form on their website. They’ll answer you as soon as a resident expert is available to take your request.
Phone: 021 487 9122
Office address: 186 Loop St, Cape Town City Centre, Cape Town, Western Cape, 8001, South Africa
Just Money has an ‘Ask the Expert’ section where you can get in touch with actual experts in the field. They’re capable of answering all your questions about the products Just Money offers.
You can email Just Money if you have questions or issues you want to raise. You can also give them feedback and suggestions on the tools they provide. This will help them further improve the services they offer.