How to Apply for RCS Personal Loan

Why wait to change your life? Learn how to apply RCS Personal Loan and make full use of the leading lender in South Africa.

As you could see, RCS is offering an ideal personal loan option for customers who can afford a collateral asset and are still looking for a fast funding bank.

Borrowing up to R250.000 under the RCS eligibility criteria isn’t absurd and can be met by most clients.

Loan Application

RCS Personal Loan

Up to R250,000 No Collateral Required

Tap on the green button and apply for RCS Personal Loan

Apply now!

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Check out below all the requirements you must meet in order to apply for a RCS personal loan.

RCS Logo

Who can apply?

RCS has some very strict requirements for customers who want to apply for personal loans.

For starters, you must live in South Africa as either a citizen or permanent resident and be at least 18 years old.

You must, at a minimum, have an account within RCS, a regular income earning a minimum of R2000 per month, and a good credit score.

In addition to these requirements, RCS also considers your debt-to-income ratio, which is the percentage of your income that goes towards paying your debts each month.

Addtionaly, RCS will also require a proof of income, proof of residence, and your ID.

All those details and requirements will be used to determine your loan’s interest rates and maximum amount.

How can I apply?

Once you have met the eligibility criteria and have an active account with RCS, you can apply for a personal loan either online or in person at one of the bank’s branches.

If you prefer to apply online, follow these simple steps:

  1. Visit the RCS website.
  2. Click on the ‘Personal Loans’ option.
  3. Use the loan calculator to determine how much you can borrow and for how long.
  4. Click on the ‘Apply Now’ button.
  5. Fill out the online application form.
  6. Upload any necessary documentation.
  7. Submit your application.

After you have submitted your application, RCS will review and process it. If approved, you will receive a loan offer, which you can either accept or decline.

RCS will conduct a credit check to determine your creditworthiness and decide on the loan amount and interest rate you qualify for.

Once you have accepted the loan offer, the funds will be deposited into your RCS account within a few working days.

Still looking for other high-amount personal loans? Then, check out Absa’s option!

Absa Bank’s personal loans are designed to cater to your unique requirements and can be utilized for various purposes, such as settling debts, covering medical expenses, education expenses, going on vacation, and more.

The loan amount can range from R350 to R350,000, depending on your financial situation and credit history, while its repayment terms range from 12 to 84 months, giving you flexibility in selecting a repayment schedule that suits you.

Absa Bank’s personal loans are unsecured, which means that you don’t need to provide collateral to secure the loan.

Even still, its rates start at 13.5% APR, really competitive for a unsecured loan, though your actual interest rate will be determined by your credit profile, income, and other factors.

Why go with Absa?

Absa Bank’s personal loans have various advantages, including no early payment fee, which enables you to pay off the loan before its terms end without incurring any penalty.

Before applying, you can use the personal loan calculator on Absa’s website to calculate your monthly payment amount based on your preferred terms.

Absa’s Loan Insurance is also available to cover your monthly instalments in the event of sudden loss of income, disability, critical or terminal illness, or death.

Other advantages include:

  • Quick and easy application process
  • No collateral required
  • Flexible repayment terms
  • Competitive interest rates

Lastly, Absa Bank provides a rewards program called Absa Rewards, which offers cashback rewards for using Absa Bank’s products and services.

How do I apply?

If you’re interested in an Absa Bank personal loan, tap the green button and learn all the requirements you must meet before applying.

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