How To Apply For Game Loans Of Up To R250 000?

Game Loans are a product offered by Africa’s largest discount retailer ‘Game’. Game Cash Loans provide financial assistance to individuals in South Africa. With a focus on convenience and accessibility, Game Cash Loans offers a range of loan options to suit varying needs and circumstances. Whether you require funds for emergencies, unexpected expenses, or personal projects, Game Cash Loans strives to provide quick and efficient solutions. In this article, you will learn how to apply for Game Loans in South Africa.

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How To Apply For Game Loans?

Apply online here. To apply for a Game Cash Loan in South Africa, you will need to meet certain requirements and provide specific documentation. Here are the requirements for a Game loan application:

1. Valid SA ID or Driver’s License: You will need to provide a valid South African identification document or a driver’s license as proof of your identity.
2. Age Requirement: You must be 18 years or older to apply for a loan.
3. Bank Account: It is necessary to have a bank account in your name. This allows for the loan funds to be deposited into your account and for repayment to be set up.
4. Minimum Monthly Income: You should have a monthly income of R2,000 or more to demonstrate your ability to repay the loan.
5. Proof of Income Documentation: You will be required to provide documentation that verifies your income, such as pay slips or bank statements.

How Much Interest Does Game Cash Loan Charge?

Here is an illustrative example of a loan at an interest rate of 29.25%:

• Loan amount: R10,000
• Loan term: 24 months
  Annual Interest Rate: 29.25%
• Initiation fee: R1,207
• Monthly service fee: R69
• Total Amount payable: R17,269.60
• Monthly installment amount: R720

This example demonstrates the repayment structure for a loan where R10,000 is borrowed over a period of 24 months. The loan carries an annual interest rate of 29.25%. Additionally, there is an initiation fee of R1,207 and a monthly service fee of R69. The total amount that will be repaid by the end of the loan term is R17,269.60, and the monthly installment amount is R720.

It’s important to note that this is only an illustrative example and the actual terms and conditions of a loan may vary depending on the loan product, and individual circumstances. It’s recommended to carefully review the loan agreement and seek clarification from the lender regarding any fees, interest rates, and repayment terms before accepting the loan.

Fees are subject to change and will be affected by customer risk profile. Please note our interest rate will never exceed the maximum, as prescribed by the NCA, of 29.25%​.

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