Your Personal Loan Will Make You Personally Poor

See below a customers real credit report.

We have extracted key info below. It’s always best to keep away from personal loans for this reason. Take that personal loan at your own risk. Many people with personal loans are now struggling to pay them monthly as interest rates continue to increase. If you are planning to buy a home, do yourself a favour and save for the bond registration and transfer fees so you don’t end up taking a personal loan to pay the conveyancing fees.

Date opened =October 2022

Opening balance = R351 207

Current balance = R585 399, February 2023

Settlement amount is R349 000, February 2023

Monthly installment R9 269

*Consent from the customer was received to share their story.

Have you seen our #MoneyGoals2023 Campaign? Enquire now!

Share this knowledge with your loved ones