Asset Based Finance – Private
Secure your finances with a personal loan
In the midst of South Africa’s ongoing economic turbulence, it is no surprise that many of us are experiencing financial strain. AutoFin Assist aims to lend a helping hand to provide relief and support to you or your business during these challenging times.
How to apply for a personal loan with AutoFin Assist
Complete an online application and supply the necessary documentation.
Wait for your application to be reviewed.
Empower your pocket
Personal loans are an attractive option for managing unexpected financial strain. We offer asset-based loans at competitive interest rates to help you fulfil your current financial needs to meet your financial obligations in the long run. We find suitable loans at flexible repayment terms to ensure your repayments suit your budget. Our close professional relationships with all major South African lenders ensure our clients a fast approval process, with quick decisions and access to the funds they require.
Frequently asked questions
What documents do I need to apply for a personal loan?
The documents you need to apply for a loan include:
- Proof of Identification
- Salary slips/payslips
- Bank statements
- Proof of residence
How much can I borrow?
Our cash loans range from a minimum amount of R30 000 up to R3 000 000. The amount which you will qualify for will depend on your credit rating, affordability and payment behaviour.
What are the repayment terms?
Repayment terms for our cash loans vary from anywhere between 12 months to eight years (96 months). The interest rates and repayment terms are entirely risk profile dependent, meaning that they are based on the loan provider’s perception of how likely you are to pay back the loan.
Do I have to be employed to qualify for a personal loan?
We will consider your application if you are permanently employed and have been working at your place of employment for a minimum of 3 months, with payslips to confirm this employment. We will also consider the application if you are permanently employed and have been working at your place of employment for a minimum period of 1 month with an employment contract in place. Applicants who are self-employed and can prove regular income will also be considered.
I am a weekly/fortnightly earner. Can I apply for a personal loan?
Yes, weekly and fortnightly earners are welcome to apply. Weekly earners must submit their latest four consecutive payslips, and fortnightly earners must submit their latest two consecutive payslips. Please note if you do, over and above your basic salary, earn overtime, bonuses, commission or shift allowances, we then will need 3 months’ payslips/salary advice.
If I am a business owner, can I apply for a cash loan for my business?
Yes, you can. The application must be in the name of the business, and all directors and members must also complete an application. If the application is successful, the directors and members will be required to sign as security for and on behalf of the company.
Can I apply for a loan if I am under or have applied for Administration for Debt Review?
No, your application will be unsuccessful if you are under or have applied for Administration, Debt Review or Sequestration. Please note that we can still look at your situation and circumstances, and one of our consultants will advise you based on your information whether we can still assist.
Must I pay money upfront in order to apply for a personal loan?
No, you will not be required to pay any money upfront to Autofin Assist for the loan application. You will also not pay any fees to us when the deal is approved by the ultimate Financial Institution. We will only be paid at the end when you get paid out for the loan that you applied for. In other words, Autofin Assist will only be paid after you have been paid the loan value.
Get a personal loan from AutoFin Assist
AutoFin Assist guides you through evaluating your financial situation, carefully comparing various personal loan offers and ensuring that you understand the terms and conditions associated with each option. We also strive to secure the most attractive interest rates and flexible repayment options to meet your needs.