Mashonisa In Pretoria – There are many private lenders in Pretoria commonly known as mashonisa who are providing loans to residents to help them out of financial crisis. As we know Pretoria houses about 32 different townships and has a population of 1.3 million people.
Mashonisa in Pretoria are servicing a big number of people and have remained a very helpful option for individuals who find themselves in need of a loanshark as they are pupularly known in Pretoria.
People tend to avoid using the services of Mashonisa in Pretoria like anywhere in South Africa because they fear the risk associated with them. They also know that Mashonisa might want to charge very high interest on the initial loan amount taken.
There are stories of people having to leave their ID documents with the mashonisa until they fully pay back the money. All these leave a very bad name for these lenders who are spread all over the country.
Mashonisa In Pretoria – Are There Alternatives?
People who find themselves looking for loans are always advised to know their credit status. Most who end up going to mashonisa do so because they suspect that they are blacklisted. This is not always the case which is why we encourage you to first check your credit record.
Alternatively we encourage people to approach registered lenders and apply for a loan to see if they are declined on basis of bad credit score.
Below is the list of lenders who are alternative to Mashonisa in Pretoria. Thes are registered lenders that operate under the guideline of the National Credit Regulators (NCR).
Loan Application Requirements
To apply for a loan you need to have the following requirements:
- Your SA identity document (ID)
- Three months latest bank statement
- Your proof of salary (payslip)
Additionally you will need to be employed and receive a salary that get paid into your bank account. The bank statements that you furnish the lender must be of the account into which your salary gets paid.
Our list is only limited to mashonisas (cash loans) in Pretoria and townships falling under the area. Here is the list: