Applying for JNB Salary Loan is simple. There's no nightmare paperwork to tackle, documents to fax or cheesy hold music to endure, because our unique online loan application service is online from start to finish.
We don't want to keep you in debt. That may sound funny coming from any lender, but JNB Salary Loan provides fast cash advance for a few days or weeks. We'll only lend you money for up to a month and you are always free to make early repayment with no hidden fees.
Unlike some lenders or credit card providers, we won't keep rolling your existing balance endlessly or encourage you to make minimum repayments. So please think very carefully before you apply, because we expect you to repay us when you promise to. If you have any doubts over whether you'll be able to do that comfortably, please don't apply in the first place.
We'll always tell you upfront what the cost of your cash advance will be. There are no catches or extra costs to worry about, providing you stick to your side of the deal.
Our service has a Typical 36% p.a, but bear in mind that P.A is a measure of annual interest and a JNB Salary loan is only for between one day and a month.
Only using APR when considering a JNB Salary cash advance is a bit like trying to plan a short hotel break using the theoretical cost if you were to stay all year!
Failure to stick to your side of the deal
The only way costs will mount beyond our initial calculation is if you don't keep your promise. In other words, if you ask us to change your repayment date, or don't ensure sufficient funds are available for the automated collection. If we can't collect payment from your debit card first thing on the day you selected, you will incur a missed payment fee. Your account will then be handled by our professional collections team.
They will do their best to come to an arrangement with you and help you resolve things, which is always our goal. JNB doesn't believe in hitting you with ongoing and multiple charges, like most traditional lenders will, but interest will continue to accrue on your balance if we can't reach a fair agreement in the meantime. If you don't work with us and we can't recover the money over a reasonable period, your account may be passed to an external collections partner.
Continued failure to repay a loan will also mean credit reference agencies (CRAs) will record the outstanding debt. This information may be supplied to other organisations by CRAs and fraud protection agencies to perform similar checks and to trace your whereabouts and recover debts that you owe. Records remain on file for six years after they are closed, whether settled by you or defaulted.
Finally, your trust rating will be hit hard and you probably won't be able to borrow from us again.
None of these things are worth risking, so if you have doubts about whether you'll be able to comfortably repay a loan, please don't apply in the first place.