Bridging Finance

By: Abc Loans  11-11-2011
Keywords: bank

  • PENSION / PROVIDENT PACKAGE PAYOUT
  • RETRENCHED
  • RESIGNED
  • DISMISSED
  • DEATH CLAIMS
  • DIVORCE CLAIMS
  • DISABILITY CLAIMS
  • POLICY PAY OUTS
  • PROPERTY & SECOND BONDS
  • ROAD ACCIDENT FUND CLAIMS

DOCUMENTS  REQUIRED

PENSION / PROVIDENT / VOLUNTARY SEVERANCE PAY OUT

  • Clear ID copy
  • 3 Months current bank statement (all pages must have a clear bank stamp )
  • Last or latest payslip
  • Statement showing

INVESTMENTS / POLICY

  • Clear ID copy
  • 3 Months latest bank statement ( all pages must have a clear bank stamp )
  • Proof of investment / policy amount
  • Payslip ( if applicant is employed )

RAF /MVA

  • Clear ID copy
  • 3 Months latest bank statement ( all pages must have a clear bank stamp )
  • Payslip ( if applicant is employed )
  • Proof of amount expected from RAF
  • Letter accepting offer from RAF DIVORCE CLAIMS
  • Clear ID copy
  • 3 Months latest bank statement ( all pages must have a clear bank stamp )
  • Payslip ( if application is employed )
  • Proof of amount ( benefit statement )
  • Divorce settlement / decree

DEATH CLAIMS

  • Clear ID copy
  • Latest or last payslip of the decreased if possible
  • Death certificate
  • Beneficiary statement stating amount and distributions of monies
  • Proof of pay out amount ( benefit statement )

DECEASED ESTATE

  • Clear ID copy
  • 3 Months bank statement ( all pages must have a clear bank stamp )
  • Death certificate
  • Letter from attorney confirming beneficiaries + benefit amount

PROPERTY DEALS AS WELL

APPLICATION PROCESS

1. Client completes the application form with ABC LOANS as well as a letter of consent giving Chynge Finance a mandate to consult with the pension funds , HR sections and Banks

2. All documents to be e-mailed to

3. This, together with the required supporting documents must be e-mailed to ABC Loans

4. The application will be logged and the client will received a SMS message as confirmation of receipt of application

5. A consultant will track and locate the application in confirming information with the Institution responsible for the Pension / Provident / Investment / RAF claim etc: the HR section involved as well as the Bank where the account nominated , is held

6. When the application is approved the consultant will call the client to discuss the amount approved  / the interest and cost involved as well as the function and cost of the I SOLVE  MANAGEMENT  service fee

7. Client will receive a contract quote from Head Office as well as a quotation for the I SOLVE MANAGEMENT service fee

8. Base interest rate is 5% per month 1%  initiation fee , monthly service fee , VAT and insurance . The contract contains a summary of cost , debit order instruction , administration agreement and short term credit agreement

9. The consultant will fax the contract quotation to the broker where the client applied for the loan , so that it can be signed. The broker will also be informed by the consultant. At times the consultant may fax the contract directly  to the client if they have access to a fax facility. The broker will be advised accordingly. The broker or the client will then return by fax to head office on which the loan capital amount will be transferred to the client’s bank account

10. Chynge Finance pays from Standard Bank account. If the client is with Standard Bank he/she will receive the funds on the same day. If the client uses a different bank, the funds will only reflect in that bank account the following day

IT IS ILLEGAL FOR YOU TO APPLY FOR ANY FINANCE IF YOU ARE UNDER

ADMINISTRATION , DEBT REVIEW , SEQUESTRATION OR LIQUIDATION

Keywords: bank

Other products and services from Abc Loans

04-30-2015

Personal Loans

Personal Loans. Fast, quick and hassle FREE service


11-11-2011

Loans For Blacklisted Clients

IT IS ILLEGAL FOR YOU TO APPLY IF YOU ARE UNDER:ADMINISTRATION, DEBT REVIEW, SEQUESTRATION OR LIQUIDATION. We will then conduct a credit check and affordability assessment on your application. The documents will then be sent to the Credit Provider for pay-out. Latest payslip (which must have the company stamp. Months latest bank statement from your bank teller. Must be getting paid into your bank account.


11-11-2011

Personal Loans

This product is only for people who have a clear credit history (NO JUDGEMENTS OR DEFAULTS. This loan product starts from R 5,000-00 up to R 100,000-00 and up to 60 months repayment. We will then conduct a credit check and affordability assessment. ADMINISTRATION, DEBT REVIEW, SEQUESTRATION OR LIQUIDATION. ATM OR POSTED BANK STATEMENT WILL BE EXCEPTED. Must be getting paid into your bank account.


11-11-2011

Vehicle Finance

We offer Vehicle Finance to people with / without a clear credit record. ADMINISTRATION, DEBT REVIEW, SEQUESTRATION OR LIQUIDATION. Months latest bank statement from your bank teller. Vehicles have to be from a registered Dealership. Must be able to afford the monthly instalment. Must have a valid driver’s licence.