HOW DOES CASH ACCESS WORK
CASH ACCESS provides super-flexible loans around the clock. We're here to help solve urgent and short term cash flow problems. We're faster and more convenient than traditional banks and other online lenders because there's not much paper work, costly faxing, waiting in the queue or be on hold on the phone the entire service is online. It's straightforward to submit an application and, if approved, you'll get the money in your bank account in a flash.
WHAT'S CASH ADVANCE?
CASH ACCESS cash advances are available from 4 days up to 6 months. You decide how much cash you need and how many days you want it for. We calculate the cost upfront and you commit to repay it on the date you select. On the morning of that day you deposit payment to our bank account, after which you'll be welcome to apply again whenever you need cash.
WHAT DO I NEED TO GET A CASH ACCESS LOAN?
You need to be over 18, living in South Africa and have an active SA bank account, plus your own email address and cell phone. You also need to be able to repay us on the date you promise to, so please don't use CASH ACCESS if you have any concerns about your ability to do that.
HOW MUCH CAN I BORROW?
You can request anything between R1000 - R50.000 (personal), and up R2 Million (for business) the first time you apply for a v CASH ACCESS loan. We let you choose exactly how much money you want to borrow and duration.
If you repay your loan as promised and use the service responsibly, we'll gradually increase your CASH ACCESS trust rating - giving you the flexibility to apply for more cash in the future should you need it. Our trust rating takes lots of factors into consideration when determining the maximum amount you can apply for.
The maximum CASH ACCESS personal loan is R150.000, an amount only available to some customers who have shown responsible use of our service over a significant period. Your trust rating is ultimately dependent on your financial health and track record with CASH ACCESS, so we reserve the right to change or limit the amount you can borrow, or decline future applications if we feel it's in your best interests.
Please note that our trust rating is part of our commitment to responsible lending and rewards you with more borrowing flexibility over time. It's not designed so you can rapidly increase the size of loans, and approval of your next application is never guaranteed.
If your circumstances change and you can repay your CASH ACCESS loan earlier than expected, you could save money. You're welcome to repay early and there are no hidden fees, just remember that making a manual part payment will not change your scheduled installments it will simply reduce your final installment
WHAT IF I HAVE A BAD CREDIT?
CASH ACCESS uses a sophisticated and fully automated credit check as part of our decision making process, so if you've got a very poor credit record it may affect our decision. But it doesn't automatically rule you out and we also place emphasis on lots of other factors as well as honesty and trust. You should therefore ensure you give us as much personal information as possible during your application - and that it's accurate.
Please note that our service isn't designed to help you repay or manage existing debt, so please don't apply for a loan unless you're sure you will be able to comfortably repay it on your chosen date.
WHAT PERSONAL INFORMATION DOES CASH ACCESS WANT?
We need to know personal details like your name, address, phone numbers, your most recent proof of income, as well as your bank account details. We need this info so we can be sure who's applying, to check if CASH ACCESS is a suitable solution for you and as part of our payment and collections process.
DO I HAVE TO BE EMPLOYED?
You need to have a regular income, because we only want to lend you cash if you can afford to pay it back quickly and comfortably. But you don't have to be chained to an office desk - we're happy to lend to freelancers and consultants too.
DO I NEED A BANK ACCOUNT?
Yes, an active bank account is required. We are only able to send cash to ABSA, Capitec, FNB, Nedbank and Standard Bank.
DO I NEED A REASON FOR MY APPLICATION?
Not at all. We aren't your bank manager, or your parents! The only reason we might ask what you need the money for would be for research purposes and any information given in those cases would be received in the strictest confidence. You can use a CASH ACCESS loan for anything (as long as it's legal!). We just ask that you only borrow what you can comfortably afford to repay on your chosen date. As with any form of credit, it's always worth asking yourself if you really need to borrow the cash before applying but, if the answer's a definite yes, then we're here to help.
WHAT IF I'M ALREADY IN DEBT?
Your current credit commitments will be taken into consideration when our automated system makes a decision and we only lend to people whom we believe can afford the service. But if you know you're already experiencing problems meeting existing financial commitments, please don't apply in the first place. Our loan will only add to your commitments and it will need repaying within a month. Instead, we recommend you talk to a debt counsellor in your area. For a list of all registered debt counsellors go to the National Credit Regulator or you can call 0860 627 627 for information on how to find one in your area.