JKMS loans is a financial provider that offers different types of loans. Their short term loans range from R1 000 to R8 000 which can be paid over a period of 1- 6 months. The only pre requisite is that you will need to provide them with a three month banking statement as well as your latest salary slip in order for the loan to be approved for you. Application forms are available on the website and should not take too long to complete.
JKMS has a specific criterion for you to qualify for their loans. Unfortunately they do not consider people who are under debt review, people who are not permanently employed, people who are over the age of 63, if you earn less than R3 000 a month and if you are paid weekly, you need to be earning a monthly salary. JKMS can only assist people who bank with ABSA, Nedbank, Standard bank, Capitec bank and FNB. JKMS may not be able to assist people who are under debt review however; you are invited to fill out the application form regardless of being under debt review and JKMS will provide you with an alternative.
JKMS also offers personal loans. The amount that you can take out for a personal loan ranges from R4 000 to R150 000. Should you wish to take out a personal loan with JKMS you need to qualify for the personal loan by giving your consent for a credit check, not be older than the age of 65, you must have a permanent source of an income from R5 000 a month, you must have a permanent job, have the willingness to be marketed, the loan amount will be paid via EFT.
JKMS also offers debt consolidation loans and in order to be considered for the debt consolidation loan you must be a South African citizen, be younger than 63, earn more than R3 000 per month, be working at the same place for more than 6 months, your salary should arrive in your own account and not a joint account, only be banking with the four major banks in South Africa, you will not be considered should you be a temp worker, a domestic worker, self-employed, or if you are a commission earner and you also won’t be considered if you have applied for administration, sequestration, liquidation, or debt review.
JKMS offers debt consolidation with benefits such as No credit checks, No upfront fees, High approval rates, No court order, No fixed period.
JKMS is in the business of making business which is why they offer unsecured business loans for existing businesses and their loan interest rate is very competitive and they don’t charge any upfront fees for their financial services.