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Finance & Money
June 04, 2019 By Budget Insurance
Because budgeting is hard, at some point most people need a little extra financial help, whether it’s to cover unexpected medical costs or to visit granny during the holidays.
Unfortunately, criminals know this and are taking advantage by running personal loan scams. Make sure you know what’s what when you take out a personal loan so you don’t become a victim.
Budget Insurance personal loans
When you take out a personal loan online with us, we follow some simple but strict procedures to make sure you’re protected. Here’s how it works:
You can take out an amount of between R1 000 and R250 000 and pay it back over a period of between 12 and 60 months. Your monthly repayments will be fixed and we’ll tell you straight away how much you’ll pay back every month. To apply, you need to fulfil the following criteria:
Now that you know what it takes to get a personal loan with us, you can more easily tell the difference between the real deal and a scammer.
Personal loan scams
There are some common warning signs you can watch out for with loan scams, such as:
Protecting yourself
Sometimes, a fake website or letterhead can look completely real. Before signing up for a personal loan, take a few extra precautions to make sure you’re dealing with a reputable company.