If you are looking for a credit lending company that cares for their clients and works on the basis of respect and responsibility, you should definitely trust Bruma Finance. This company was established in 1997 with the aim of providing excellent service combined with quality and dynamic processes. We wholeheartedly believe that you need to know the loans offered by this company. For this reason, we will show you how to apply for a loan at Bruma and how to calculate your repayments.
What can you Expect with Bruma Finance Personal Loans?
We all know very well that life is unexpected and that some months we need more money than others due to unexpected circumstances. We love to think that we are under control of your lives, and time and time again the world proves us wrong. Bruma Finance wants to be there for you on those moments when you just cannot make it. There are some other “happy” reasons to get a loan, though. You might need the money to send your child to school, for instance.
Whatever the reason you have, you can count on Bruma Finance for it. With this company you can request a personal loan from R1 000 to R15 000. You can pay back the loan in terms that start from six months to eighteen months. Since Bruma understands that you might have an urgent need for finance, they process requests as fast as possible in order that you can count on that money to solve your issues.
To request a personal loan at Bruma Finance you will need to fill in an online form providing Bruma with your personal information and wait for Bruma to contact you. Also, if you want, you can contact this lender by phone to start your application. You will be asked to provide your ID, the last two bank statements, and your latest payslip. You don’t have to give Bruma the original documents; you should make copies of these papers so that you can submit them to Bruma.
Another important characteristic of all loans offered by this company is that you can opt to also take Credit Life insurance to cover the loan in the event of an unfortunate event that prevents you from paying off the loan.
2 Options for Consolidation Loans in Bruma Finance
We said above that this company cares for their clients; this means that Bruma is constantly looking to improve the financial solutions offered to clients. This is how the loan consolidation facility came into being.
A loan consolidation is a loan that you take out to pay for other loans that you already have. What the logic behind it? Well, imagine that you have four different loans with four different lenders. This means that every month you have to remember paying different obligations, in different places and at different interest rates. If you take one loan to pay off those loans, you benefit yourself from having to pay to a single lender and you also have the possibility of accessing to a better interest rate that, in the long term, could be translated into paying less money.
You will find two options for Consolidation Loans in Bruma Finance:
- Taking out a consolidation loan to have Bruma pay all of your existing loans. You would only end up with a single maturity date, interest rate, and so on.
- Asking for a consolidation loan to cancel your existing loan at Bruma Finance and in this way being able to ask for additional finance.
Does Bruma Finance offer Payday Loans?
Payday loans can be a great option for those cases in which you have an urgent need of cash for a very short term. Since you know that you will only need the money until you receive your salary in a few days, you take out a payday loan and pay it back when you receive your paycheck. Unfortunately, this service is not offered by Bruma Finance.
What Kind of Loan Calculator can be Found at Bruma Finance?
There are many types of calculators available. In general, what these applications do is perform an automatic calculation of the repayment amounts for a loan on the basis of the amount to be borrowed, the interest rate to be applied and the number of months in which the loan would be repaid. The result of this calculation will help you decide if you can afford to take the loan or not. Knowing the approximate number that you would have to pay if you were to request the loan, will help you make a more informed decision. This calculation can also be performed manually, of course.
The amount that you will obtain from these loan calculators will only be an estimate of the actual amount you would have to pay to Bruma if you requested a loan. Why? This is simply because you will only be able to know the exact numbers for your loan after Bruma Finance assesses your affordability and credit history. Only then will this company be able to set an interest rate on your loan.
Bruma Finance has designed a budget calculator with the aim of helping determine how much money you would be able to spend on the basis of your income and monthly expenses. You will have to enter information such as how much you and your spouse earn each month, how much you pay for rent, food, entertainment, etc.
What are Bruma Finance Contact Details for their Personal Loans?
As it was already explained, to get a loan at Bruma Finance you will need to contact them since you will not be able to request the loan online. The easiest way to reach them is calling to their office on 0861 33 11 33. Also, if you want to make a question or you have a concern you can e-mail them at info@brumafinance.co.za.
Needing finance in South Africa does not have to become a headache; with Bruma Finance the loan application is simple and straightforward. With this company you can request personal loans or consolidation loans that will help you solve your problems or achieve your goals in life.
Preguntas Frecuentes
I have a problem with my application, would you clarify me what can I do?
Of course we can clarify your doubt! Bruma provides their applicants with the best assistance service when applying. All you need is to get a computer that works fine and, find Bruma Finance web page. There, you’ll easily encounter an Apply Now button to click. That link will guide you to a form you should complete with some personal information. And that’s all you have to do on your own because, after that, you’ll get a call form one of Bruma’s assistance to explain to you how to continue and inform you about the terms.
When Bruma approved the loan, there was 4999 that I have to pay for the cost of bank´s operation before they transfer mi loan. Is that right?
Any cost, interest, or fee the bank will charge you, should be clearly stated from the beginning and in the contract. It’s not usual that Bruma asks you to pay a fee in advance as, the cost of the service is charged in the instalments. To be on the safe side, just make a call to the bank to let them know the problem as, you may be a victim of fraud.
Good day, I am looking for a loan but, I have many debts to pay
This is the ideal situation to ask Bruma for a consolidation loan. If you’re approved, you can get some peace of mind knowing that Bruma will cancel all your liabilities and you will only have to pay one monthly instalment from that moment on. Bruma offers to consolidate up to 15.000 rands on different liabilities. Surely, this can be your solution.
How do I apply for a personal loan?
You can apply online, call on 0861 33 11 33 or send an e-mail to info@brumafinance.co.za.
What is the minimum salary required?
You need to have a monthly income of at least R2,000.
How long does it take to have the money in my bank account?
If you qualify for the loan, they deposit the cash in your bank account in no time at all.
I desperately need money to cover a debt. Does it offer loans for that kind o f goals?
Yes, it offers debt consolidation loans.
Where can I reach the company?
You can visit the company at their main office or the branches that it has in South Africa
Are there loans of 7 years term?
No, they are up to 6 years.
Is it hard to get a loan there?
No, it is actually quite easy with the application online gadget.
Why on this loan you have to pay before you get the loan?
Some companies, in order to provide a personal loan, they tend to ask clients to make a small deposit to make sure you are going to pay back the loan. In the case of Bruma, the company does not mention a compulsory deposit when you apply for a personal loan, so make sure to ask for further details.
I need loans, what are my options?
Bruma Finance offers different types of loans for you to enjoy different benefits. It provides personal loans and consolidation loans. Personal loans start at a minimum of R1000 and a maximum limit of R15000. The terms of the loan range from six months to eighteen months. The rates are affordable and steady.
How do I apply for a loan?
To apply for a personal loan with Bruma Finance, as a client, you need to comply with some criteria. There is an online form you can complete with your personal information and contact details, which an advisor will use to get in touch with you. You will need to provide your ID, the last two bank statements and your recent payslip.
My question is I requested for a loan of 50,000 rand and the person I was talking to send me documents to sign and requested R2,750 for insurance, my worry is that it is not a scam.
Some lenders ask potential clients to make a small deposit before borrowing money. In the case of Bruma Finance, the company does not require clients to pay any fees before applying for a loan. If you requested a loan of 50,000 rand, the suggestion is to contact the company's advisors who will be willing to help you.
How much the repayment (instalment) of R100,000 for 24 months? I earn about 15,000 rand a month.
In order to know how much you will be paying every month for a personal loan of about 100,000 rand with Bruma Financial Services, you will need to complete an online form with all your personal information. Then, a company advisor will immediately contact you. For example, let's say the interest rate is 5% for a repayment period of 24 months, you will be paying 7,247,09 rand every month approximately.
Good morning, I was approved for my loan at Bruma. Also, I've already signed the approved documents. I agreed to pay the legalization amount today. Suddenly I'm doubting to pay the fee because I read something on the website saying fraudsters also used this company name to steal people's money. How do I know that this is legit?
Bruma Finance is a legit lending company which is controlled by the National Credit Regulator and complies with all the legal criteria established in the National Credit Act. In general, Bruma Finance does not require clients to pay for a fee in advance to apply for a loan. In any case, if there are extra costs, they are included in the monthly instalments.
I'm using a passport, do I qualify?
In order to qualify for a personal loan with Bruma Finance, there are some criteria you need to follow, as showing your passport may not work. For instance, you need to hand in a copy of a valid South African ID, proof of residence and a recent bank statement. You can start the application online with the help of a consultant.
Hi, do you charge upfront or admin fees?
It is important to clarify that some lenders may ask potential clients to pay small fees before granting money as a security. However, this is not the case with Bruma Finance. Generally, the company does not ask clients to pay a fee in advance. Extra costs are usually included in the monthly instalments.
I'm self-employed, can I apply for a personal loan? My income ranges between 18,000 and 40,000 rand a month.
If you are self-employed and earn a steady monthly income between 18,000 and 40,000 rand, you can apply for a personal loan with Bruma Finance. It is important to follow some criteria: you should present a valid SA ID, proof of residence and a three-month bank statement. Based on your income, the company will decide the amount of money you can get.
Can I get a 100,000 rand loan?
Unfortunately, you will not be able to obtain a personal loan for about 100,000 rand with Bruma Finance as this lending company only provides personal loans ranging from 1,000 to 15,000 rand. The repayment period you can choose can vary from six to eighteen months. The application process is quick and simple.
In need of a loan of R10,000. What documents are needed?
In case you are interested in a personal loan of about 10,000 rand with Bruma Finance Services, you will need to consider the following information. The interest rate will be about 9.5% for a repayment period of 6 months, for instance. As regards the documentation, you will need to provide your ID, the last two bank statements and your latest payslip.
I need a loan of 20,000 rand.
If you are looking for a personal loan of 20,000 rand with Bruma Finance Services, you will need to take into account the interest rate and the repayment period. Anyway, the company only offers loans up to 15,000 rand. For example, for a period of six months with an interest rate of 9.5%, you will be paying monthly instalments of about 2,569.73 rand approximately.
I have one WhatsApp saying I must first pay legal fees.
Bruma Finance is a legal financial company that provides clients with different types of loans. These legal companies, as they are regulated, do not require customers to pay any kind of fees in advance in order to apply for a personal loan. So, please, make sure you are contacting the right entity through WhatsApp. In any case, you can get in touch with the customer service department by phone.
How much credit score do you need to qualify? How to do it online?
In order to qualify for a personal loan with the private financial company Bruma Finance, you need to have a good credit score of at least 650 or higher. Nonetheless, the qualifying credit score will depend on several factors such as the type of loan you apply for, the amount of it and your financial situation. You will need to contact the agents, as there is no way to apply for a loan online.
Good day, how do I apply for a loan with Bruma Finance?
If you are looking for a personal loan with Bruma Finance, there are certain criteria you need to comply with. In order to apply, you can fill in an online form in which you clarify your personal information and leave contact details for the agents to call you back. Also, you will need the following documentation: your ID, the last two bank statements and your latest payslip.
What would I need to apply with Bruma Finance?
If you want to apply for a personal loan with the private company Bruma Finance, you will need to comply with certain requirements. It is important to be a South African citizen or permanent resident, be over 18 years old, present a valid South African ID, and finally, earn a regular monthly income which is deposited into a bank account.