VBS Loans are a wide range of personal loans designed to help individuals manage financial challenges.
VBS Mutual Bank offer these loans with the aim to suit every personal need and expectations.
VBS Mutual Bank is a wholly black-owned specialist corporate finance and retail bank.
The institution was established in 1982 and registered with and regulated by the SARB, under banking license number 1051, governed by the Mutual Bank’s Act, 1993.
Tell me more about VBS Loans
VBS offer affordable personal loans that comes with flexible repayment terms and comprehensive interest rates.
These loans are designed to meet everyone in the country that is working, from low income earners right up to those with descent salaries.
The following are the loan types offered by VBS Mutual Bank:
Apply for cash loans from as little as R1 000 right up to R3 000 within a flexible repayment terms of up to 6 months.
These loan type is designed for low income earners with the aim to help them manage any unforeseen financial emergencies.
Get loan amount from R3 000 up to R15 000 over a maximum repayment terms of up to 24 months.
These loans are designed for small bills such as medical costs, vehicle repairs, school fees and so on.
Long term personal loans from as little as R15 000 up to R100 000 within a flexible terms of up to 60 months to repay.
You have the freedom to spend the cash however you feel fit, you can purchases of vehicles, building / extension to your property, tertiary education fees and so on, the choice is yours.
Please note that the interest rates for these loans will remain fixed for the term of the loan applications.
And applying for VBS Loans are very fast and simple, all you need to do is visit their website to apply online.
There’s no need to be standing in long queues in order to have access to credit when you need it the most.
However if applying through the bank is your preference, then please don’t hesitate to visit any of the bank’s branches near you.
What’s required when applying for VBS Loans?
To qualify or have your application processed, VBS Mutual Bank must comply with the National Credit Act of 2005 in South Africa.
Before you can begin your application, please make sure you meet the following requirements criteria.
- Permanently employed for over six (6) months
- Proof of monthly income
- Proof of residence
- Be a South African citizen or have permanent South African residence
- Be 21 years or older
- Have an acceptable credit record and risk profile
- Earn a minimum gross monthly salary of at least R3 000
VBS Mutual Bank Contact Details
Speak to one of the VBS Mutual Bank friendly financial consultants by calling 011 234 1934 for more information about how you can apply and benefit from personal loans.
You can also find more information on their website at www.vbsmutualbank.co.za and apply online.