1. decide How much ?
Decide on the loan amount and the loan repayment period you are comfortable with. The online application form will guide you through the entire process. Once you are happy with your decision, click on “Apply now” to open the online application form.
2. fill online form
Complete the online application form. The form is designed to gather the necessary information in order to process your application. It is very important to provide us with honest details to avoid any dissapointments. This include personal information such as ID Number, Employment, and Bank account.
3. send id and payslip
Email or Fax us a all FICA documents; Certified RSA ID, Latest Salary slip, 3-months bank statement and Proof of address. This is part of our broader quality process towards promoting responsible lending. The purpose of these documents is to verify that indeed the applicant can afford the loan repayment.
4. credit checks
We only run two main checks; employment verfication and bank account verification. The bank account verification is done to verify that you are the legitimate account holder. The employment check is done to verify that you currently have a job. Our customer service agents will also call directly to ensure that we are providing you with the service you requested.
5. loan is approved
A loan consultant immediately calls you to notify you that we have received your application and to request an appointment for the appraisal of the asset that will used as collateral to secure the loan. A loan agreement is also concluded at this stage. Unless of course you decided to be dishonest during the application process, all should be looking good.
6. money in the bank
The approved funds are deposited directly into your bank account. The next time you want to make a new loan application you just login with your username and password and go into your KaribuCash personal profile. The full loan amount is payable in full at the end of the term. We do welcome the option for early repayment before the end of the term.
KaribuCash is a brand of Kilimanjaro Logistics (Pty) Ltd, a company registered in South Africa. Kilimanjaro Logistics is a registered credit provider with the National Credit Regulator (NCR), Reg No: NCRCP6979 as well as with the Micro Finance South Africa