Do You Need A Loan? Get A Virgin Money Loan.

Are you looking to loan some money to tie over till the end of the month? Or do you need money to pay university fees, home renovations, or do you need a break and take a well deserved holiday?

Why Virgin Money

Virgin is a well-established brand worldwide. In South Africa, Virgin launched Virgin Mobile, Virgin Credit Card, Virgin Insurance, Virgin Spot App, and the popular Virgin Active gyms. At Virgin Money, they partner with various companies to bring the best and affordable products to Virgin Money customers.

Virgin Money partnered with Capitec Bank to offer affordable up to R250 000 personal loans to the South African consumer. A loan you can use on whatever you desire.

Applying For A Virgin Money Loan

The following information is required:

  • Virgin Money will require your bank and credit history.
  • This is to see what loan amount you can afford and to make sure that it will be affordable and within your budget, for you to pay back the loan.
  • You must have a fixed and stable income.

Have the following documentation at hand when you making a loan application: 

  • You must be older than 18 years of age.
  • Have a green bar-coded South African Identity Document.
  • Any account statement in your name to provide proof of your residential address.
  • Copy of your latest salary slip.
  • Three-month bank statement indicating salary payments into your bank account stamped by your bank.

Apply Online:

To get the process started you can apply online by completing the Virgin Money online application form.

The Benefits Of A Virgin Money Loan

Once approved:

  • You can choose the loan amount you want to loan.
  • The money will be available immediately.
  • Repayments are fixed.
  • Virgin Money offers competitive interest rates starting from 12.9%.
  • You can pay from 1 month up to 84 months to pay back the loan. Remember the longer you take to pay off a loan the more interest you will pay.

Your Credit Score

  • Paying or settling any loan and keeping your credit card and clothing accounts up to date improves your credit score.
  • Always make sure that when you take out any loan that it is within your budget to make repayments on the loan.
  • Calculate your budget here.