Directaxis Loans is a South African based credit company whose chief partner is Mr. Reinhold Struiker who is the owner of the company. The company also has loan repayment options ranging from six to twelve months. This can either be secured or unsecured loan depending on the applicant’s financial situation.
If you have an excellent credit rating and a bank account then you can opt for the unsecured form of directaxis loans. This is available in the form of the Directaxis Cash Advance. If you want to pay off the entire loan amount then there will be a repayment term of six years. However, if you only require a little cash then you can opt for the repayment terms of just four years. In addition, you will not be required to provide any collateral for this loan.
If you have bad credit, directaxis loans can help you improve your credit profile. There are two ways in which this can be done. short term loans One way is where you inform the directaxis loans credit provider that you have poor credit. You will be sent a request to upgrade your credit by telling the credit provider about your poor credit. This way will help you get instant funding.
However, if your credit profile does not meet the requirements of directaxis personal loans then you can apply for a secured loan. In this case, you will be required to provide some security such as your home. However, this type of personal loan usually has high interest rates because your house is used as a security. Another type of directaxis loan is the Directaxis Quick Approval. It is suitable for those who are looking to receive a personal loan within 48 hours of submission of the online application.
Another benefit of directaxis loans is the credit approval for unsecured loans. Unlike secured personal loans, you are not required to keep collateral. Also, unlike unsecured loans, you are not required to submit an application and wait for approval. Instead, you can submit an application and the lender will immediately approve your application. If you fail to repay the debt, you are not responsible to pay any penalties or fees to the lender.
The interest rates for direct loans are a little higher than the other loans. The rate is between fourteen and fifteen percent. The loan amount depends on the value of your collateral. Higher value means a higher interest rate. However, this interest rate is applicable only while your loan is in effect and you are making your repayment. It will increase if you delay in making your repayment.
The repayment term is normally thirty years. If you choose to repay earlier than the prescribed period, the penalties and increased interest rates will apply. However, you can extend the repayment term. In case you are unable to meet your repayment obligations, you are eligible for early repayment. You are not required to prove the reason for early repayment. This option is available for people who have an income higher than the stipulated amount and for those who have guaranteed debts of more than the amount that is eligible for the loan.
The terms and conditions for directaxis loans and for debt consolidation loans are very similar. Both loans allow you to borrow money easily and at lower interest rates. The only difference is that debt consolidation loans allow you to close all your existing accounts within six years. Directaxis loans allow you to close an existing account within six years as well.
The other important thing that you should keep in mind when taking up directaxis loans or any other such loans is that you should maintain a good credit history. This means you should repay the loan on time. The personal loan providers normally do not check your credit history and in case you are a defaulter and you fail to pay up your loan, they will consider your failure to fulfill the conditions of the loan to be an unpardonable offense.
When you opt for directaxis loans, you are required to answer some simple questions. These questions are very basic and you are advised not to try and falsify any information. The lender may ask you for your name, address, date of birth, social security number, banking account number and driver license number. All these information are required to determine the amount of money that you can borrow. A check is sent to the bank within 48 hours of the completion of the form.
Directaxis Loans can be used for many purposes. You can use it to pay up old debts that you might have or even purchase a car. Another good thing with directaxis loans is that you can be assured that the money you are borrowing will be given to you on time. If you want the loan to be disbursed within six years, then you need to repay the amount in full by the end of the six years.