JustMoney Personal Loan Full Review

Get in touch with JustMoney, one of the higher personal loans in South Africa! Pay off your debts, and make your dreams a reality!

During hard economic times, many people find themselves in search of some financial aid, either to consolidate debts, cover unexpected expenses, or even fund a long-awaited dream.

Thinking about this, JustMoney has come out with one of South Africa’s highest and easiest ways to get funded, borrowing up to R300,000 on unsecured personal loans!

Offering personal loans that can fund any plans or cover any expenses you may have, JustMoney is becoming one of the country’s most known borrowers.

Below, you’ll learn everything you need to know about a JustMoney Personal Loan, including its features, requirements, advantages, and much more.

JustMoney’s Logo

Who is JustMoney?

Operating since 2009, JustMoney is a well-known financial company specialized in providing all kinds of credit services.

With over 200,000 clients, the company offers a wide range of products, including credit cards, personal loans, insurance, and investment advisory services.

How a JustMoney Personal Loan Work?

Created to suit all of your needs, JustMoney’s personal loan can be used to cover any expenses or projects you have.

Since debt consolidation though unexpected expenses, medical bills, and even a long-dreamed vacation, JustMoney’s funds can cover you.

But the best of all is that JustMoney’s personal loans are unsecured, which means you don’t have to provide any collateral, such as a car or a house, to back up the loan’s payments.

Instead, when granting your personal loan, JustMoney relies 100% on your creditworthiness and ability to repay the loan.

As of today, you can request a personal loan with JustMoney on amounts ranging from R1,000 to R300,000 and still choose a repayment term between 3 and 84 months.

Main Benefits

Besides their high amounts and flexible repayment terms, JustMoney’s personal loans are packed with advantages, including some exclusive benefits.

As a JustMoney client, you make full use of the company’s financial services and advice, including a free credit score monitor.

Still, one of the main benefits of JustMoney’s personal loan is its predictability. Since those personal loans have a fixed interest rate and fixed installments, you’ll always have a fixed monthly payment.

This means you can adjust your budget for the loan payments with certainty, avoiding getting behind with your monthly installments.

Additionally, JustMoney’s personal loan comes with credit life insurance, which covers the outstanding loan amount in the event of the borrower’s death, disability, or retrenchment.

This insurance guarantees that your loved ones will not have to pay your debt if the unexpected happens.

Main Drawbacks

As with many other financial services, JustMoney’s personal loan does have a few points of attention, especially when it comes to the loan’s fees.

Firstly, all customers will have to pay an origination fee that will vary depending on the borrowed amount. This fee is a one-time charge that is added to the loan amount.

Secondly, JustMoney charges a monthly service fee of R68 for all of its personal loan borrowers. This fee is added to the monthly loan payment.

Another point of attention is the loan’s credit life insurance, which is mandatory for a JustMoney Personal Loan. This insurance will add to your monthly payment and make the monthly installment higher.

Borrowers should carefully consider these fees and charges before applying for a loan and ensure that they understand the terms and conditions of the loan agreement.

Finally, the interest on JustMoney’s personal loans also deserves some attention. Starting at 15% APR, this rate is a little high even for an unsecured personal loan.

How to apply for a JustMoney Personal Loan?

In conclusion, JustMoney’s personal loan offers a flexible and convenient solution for customers looking for an easy approval, unsecured, and high-amount personal loan.

With a range of loan amounts and repayment terms available, borrowers can choose the loan that suits their needs and budget.

If you’re interested in applying, tap the green button below and check out all the requirements to get approved on a JustMoney Personal Loan!

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