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About Vecto Finance
Vecto Finance is a registered credit provider that offers people quick micro-loan online.
We treat people with respect, dignity and warmth and are always available when you need us - whether you want to discuss a new loan application or the status of an existing loan.
Transparency is the key to our success
At Vecto Finance we are a direct lender and, as such, are willing and able to be completely open and honest with you regarding our personal loans, our interest rates, fees and application processes.
We are also pleased to let you know that there are absolutely no penalty fees or charges for early repayment and that's certainly unique!
What Vecto Finance can offer you
We offer loans from just R500 to a decent R10,000 to anyone who meets our minimum requirements and provides us with a complete loan application and a full range of supporting documents.
Our loans can be repaid in either 12 or 24 months and we currently have an annual interest rate of 26.9%.
Get the things you need to get done - DONE!
Our personal loans allow you to make purchases, pay bills and travel without getting into long term debt or committing yourself to high monthly payments.
Whether you're an existing customer or are looking to try out our services for the first time you will receive the best service and the most suitable loans.
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In a Nutshell
- Average processing time 24 hours
- Online application
- Unsecured loan option
- Bad credit consideration
- Early repayment
Getting a personal loan is as easy as completing a quick online loan application
Applying for a loan is simple and quick and you will find out if you've been approved on the very same day and payouts are generally done in 48 hours or less.
At Vecto Finance we do not look at your credit history when deciding whether we can offer you a short term cash loan.
We simply need to ensure that you have a stable monthly income that will allow for room to make your loan repayments after all your expenses are paid.
What we'll need when you apply online
To apply for a quick loan with Vecto Finance you must be aged above 18, be a South African citizen and be employed full time.
After you've completed the loan application form you must upload a copy of your ID, your most recent pay slips and/or your bank statements for the preceding three months.
What can I do to increase my chances of getting my personal loan approved?
The only thing that may work in your favour regarding your personal loan application would be to try and have as little credit as possible. If you have a number of loans that you are already paying for, we might not be able to help you.
The last thing we want to do is add on further pressure towards your budget whereas you already have a number of credit plans that you have to pay for. The only time we will be able to assist is when your credit profile allows you to apply for another personal loan.
There won’t be a need for clients to see their loan application after we have declined their credit request because we will make everything clear during the feedback session. A number of reasons may end up giving you a thumbs down on your credit application. We also do our credit requests fairly so there is no biased behaviour.
Can I seek some financial advice?
Our agents will never leave you to make financial decisions that you may regret in the future, we will help you every step of the way
Eligibility & Requirements
- Must be under 65 years old at the end of loan term
- Credit check
- Recent pay slips
- Bank statements
Other Products & Services
- Personal Loans