Do not consider this company for a loan. You will regret it with every breath you take.

The loans are not is company's loans are not 100% legit as one of the previous reviews says. They never during the whole time of our dealings have been truthful about payments that need to be made to them. First, they charge you R8550.37 for an Admin fee assuring you that this will be the only money you need to pay to them. Then suddenly they ask you for collateral.. which they should have asked you when you filled in the form so that they could tell you if you do not have collateral that covers twice the amount you want to borrow( commercial banks ask for far less) Then they tell you because you do not have collateral you will need to pay R50 000 for insurance and an R1000 + legal fee. Which you would not have needed to do if they told you about the collateral issue from the start. Then after you have done this they send you a completely suspect bank webpage of a bank that can not be traced on the internet and this is after they have assured you time and again that they will release the money. Suddenly you have to release the money but to do that you need a COT code for which you have to pay R300 000. They give you no guarantees and when you confront them about not being honest about no further money it is the transferring bank that needs to be paid. What American bank would need to be paid in South African Rand? No South African bank ever charges more than R625 for an inward transfer but this untraceable bank charges R300 000 in ZAR ? Then after much ado, after I have made a case at the police the loan officer writes me a mail to say they have sorted out the COT code and i must go and release the funds but this is also just so much bull. Then suddenly all of this is my fault? and that they will release the money if I withdraw all my negative reviews with the bank, Hellopeter, and the police. Anyway, the case is being investigated as we speak. I have also laid a formal complaint with their bank as well as with the NCR because they use their NCR registration number to comfort the lender into thinking that the NCR has input in their business and they act according to the NCR rules.. They do not. Think carefully before you engage in any business with this company. I actually wrote a far more stringent review on this Company but despite it being the truth hellopeter does not want it published.