Do I Qualify - Escraft Online Digital

Do I Qualify

You might be wondering whether you qualify for a personal loan.
Well the answer to your question is right here.
First you need to have the following document ready:

  • South Africa ID Book or Card
  • Proof of residence not older than three months
  • Your last 3 months payslip or bank statements

With the above documents it will be easier and quick to apply online for a personal loan.

Do you qualify for personal loan?
Below is the checklist towards your journey to personal loan.

If you are applying for a loan with repayment period from 12 months and above:-
You must meet the following criteria:


  • Earn a regular monthly income of at least R2 000 per month
  • Have a bank account into which your income is paid
  • Be 18 years or older

If you are applying for a smaller personal loan over 2 to 6 months, you need to:

Apply for a Loan
  • Earn a regular monthly income of at least R1 500 per month
  • have an active bank account into which your income is paid
  • Be 18 years or older

Most of the main lending institutions will also offer you credit protection just incase unexpected happens and you are unable to repay your loan.
The unexpected may include but not limited to death, disability, critical illness or retrenchment.