Reathusa loans

Whatever your cash emergency may be, Reathusa Loans understands that life is not merciful to most people in South Africa, which is why they focus on providing short-term loans to their clients. When you need cash quickly and efficiently, Reathusa Loans offers loans you can repay within a couple of days or a couple of weeks. This is because they do not want you to be stuck in debt and would rather assist you with a quick and small amount of cash so you can tackle the financial issues efficiently.

What Are Reathusa Loans?

Reathusa Loans, also known as Reathusa African Finance, is an independent microfinance institution based in South Africa, with branches across various provinces. They provide quick cash loans to residents of South Africa by using their SA ID and passbook. They also follow all the regulations imposed by the National Credit Regulator to protect consumers and help them make informed financial decisions.

How Do Reathusa Loans Work in South Africa?

Reathusa Loans in South Africa work as a local credit provider, where you have to visit the nearest physical branch to get a quick credit solution. It is important to note that they do not have an official website, so you cannot apply online.

How to Apply for a Reathusa Loan?

To apply for a Cash Loan while from Reathusa Loan, you have to visit a nearby branch and apply to them directly.

• Gather the documents: First, gather all the necessary documents before visiting their physical branch, as it will make the entire process more efficient and faster.
• Visit the physical branch: Then make a trip to their nearest branch, where you can directly discuss your situation with the staff members.
• Fill the Application Form: The staff member has professional knowledge about finance, so they will guide you through the entire application process and also help you choose the better option based on your needs.
• Receive the fund disbursements: The lender will verify your affordability and provide approval based on that. Once you are approved, the funds will be transferred into your provided bank account on the same day.

Reathusa Loans Requirements and Eligibility

To become eligible for getting credit from Reathusa Loans, you would have to meet some basic criteria, which are set by the NCA to prevent borrowers from borrowing money they cannot afford.

• A valid South African ID: You need to be over 18 years old with a smart SA ID card to prove your identity.
• Latest payslips: You will need to show your latest payslips to prove a steady source of monthly income.
• Three months’ bank statements: You need a valid South African bank account where your salary is deposited, with the last three months’ statements.
• Proof of residence: You will also need valid proof of residence, such as rent agreement and utility bills.

Reathusa African Finance Branch Locations Contact Details

Reathusa African Finance Bloemfontein

Address: 66 Deale Road, Dan Pienaar, Bloemfontein, 9301

Tel: 051 436 8500

Reathusa African Finance Bethlehem

Address: 7 President Boshoff St, Bethlehem, 9701

Reathusa African Finance Bloemfontein Central

Address: 7 Merriam Makeba St, Bloemfontein Central, Bloemfontein, 9301

Reathusa African Finance Bethlehem

Address: 21 Pretorius St, Bethlehem, 9701

Reathusa African Finance Phuthaditjhaba

Address: Shop 105 Setsing Crescent Shop Ctr, Mampoi St, Phuthaditjhaba, 9869

Reathusa African Finance Thaba Nchu

Address: 16, 2 Market St, CBD, Thaba Nchu, 9780

Reathusa African Finance Kuruman

Address: 3 Stewart St, Kuruman, Kuruman, 8460

Services Offered by Reathusa Loans

When you visit Reathusa Loans, you can choose from various options made available by them based on your financial profile.

1. Short-term loans: These loans are used to pay small expenses that are urgent and important at present. You can borrow a lump sum of up to R8,000, which can be used for various purposes.
2. Payday loans: These loans are taken for one month, where you have to pay the full lump sum on your next paycheck.
3. Personal loans: Unlike payday loans, which are mostly for smaller expenses, you can use personal loans for managing larger expenses that you cannot pay at once.
4. Instalment Loans: When you need to make a bigger purchase, you can use these loans to break it into smaller and more manageable monthly installments. This allows you to buy things without making a dent in your budget.

Reathusa Loans Contact Details

• Address: No. E, Shoprite Center, Rocklands, Bloemfontein, 9301, South Africa
• Phone: +27 51 534 2925
• WhatsApp Number: +27 74 086 7714

FAQ

Is Reathusa Loans legit?

Yes, Reathusa Loans is a legitimate financial institution that is regulated by the NCA, is registered with the NCR as a trading name for Speedy Dollar Eight NR 2 Pvt Ltd, and also has various physical branches that you can visit for further confirmation.

What if I got rejected by Reathusa Finance?

If you are rejected because of a mistake, you should correct it and apply again, but if you are rejected because of excessive debt, you should apply for a debt review assessment, which is free of charge.

Do Reathusa loans accept SASSA grant beneficiaries and pensioners?

Yes, Reathusa loans aim to provide cash to the people that big banks ignore, which include grant beneficiaries and pensioners. But remember that the law prohibits the retention of a SASSA ID or bank passbook as collateral for borrowing money.