Abasiama Idaresit, a beacon of inspiration and innovation, has left an indelible mark on the African tech scene. His leadership at Wild Fusion now evolved into Wild Fusion Holdings, has been a testament to his exceptional skills and unwavering passion.

Under his guidance, the company has not only thrived but also pioneered new frontiers in the tech industry across Nigeria, Ghana, and Kenya.

From its inception, Wild Fusion has blossomed under Idaresit’s stewardship into a powerhouse, encompassing digital marketing, licensed agency banking, fintech infrastructure, and digital services.

Idaresit’s approach combines a human touch with a relentless pursuit of excellence, making him a silent powerhouse whose actions resonate loudly in the tech space.

An alumnus of the London School of Economics, Idaresit has strategically expanded the company’s reach. He emphasizes the core values that have propelled their success: “Our ethos and organizational culture has been instrumental to our success and the expansion of our client portfolio. Quality Service and Products, Value to Customers, and Excellence are very key components of our DNA.”

Wild Fusion, particularly in Nigeria, stands as a testament to the group’s success, offering comprehensive digital marketing services like Digital Strategy, SEO, Paid Media, and Creative to Content Marketing. Idaresit’s vision extends beyond marketing, venturing into fintech with subsidiaries that drive technological advancement across Africa. He firmly believes in embedding excellence in every facet of the business, from services to employee training.

In his words, “We also have a licensed Agency Banking Subsidiary and Lending Infrastructure Company as our subsidiaries. These two Fintechs are also key subsidiaries driving technology penetration across Africa. Excellence is a key cultural attribute of Wild Fusion and this we have embedded in our services and products including our training programs that have a particular module ‘Business Ethics’ with a strong emphasis on Excellence. Acculturating new hires and existing employees is very critical to delivering on excellence”

Despite the landscape of challenges that mark the business terrain in Nigeria and beyond, Idaresit sees these obstacles as stepping stones toward greater achievements.

The CEO has implemented innovative strategies to navigate these hurdles, such as flexible working arrangements and savvy financial negotiations, showcasing a proactive approach to problem-solving.

According to him, “In a bid to find solutions to the highlighted challenges as a company, we modified our working hours making it a lot easier and flexible for our employees to work remotely. This we have seen has reduced the cost of commuting which was quite burdensome and improved our talent retention efforts. With our FX liabilities, we have been able to negotiate flexible payment terms and relied on our international operations to insulate or ring-fenced our Nigerian operation from the FX headwinds. These headwinds aren’t peculiar to Nigeria alone, the Ghanaian Cedis has had its fair share of FX fluctuation challenges. Having a diversified Holdco in product, services and geographical spread also helps in mitigating some of these risks or challenges.”

Idaresit envisions Wild Fusion Holdings as a beacon of technological and entrepreneurial success in Africa.

With fifteen years of relentless investment in the continent’s tech sector, he is committed to achieving sustainable growth and proving the potential of African innovation on the global stage.

His journey is a narrative of persistence, strategic innovation, and unwavering commitment to excellence. He is not just navigating the African tech landscape; he is redefining it, demonstrating what is possible with vision and determination.

One of the toughest tasks a business owner can face is financing a startup business. You would need more than a well-written business plan and a wonderful idea to get a startup loan. Stress while applying for a startup loan in banks is the norm. Apart from expanding your existing business, you could also use your startup loan to venture into other businesses. What startup loan is, businesses you can venture into, etc are all-inclusive in this article.

What is a startup loan?

A startup loan is the personal loan that you can use to start a new business or grow an existing business. They designed the startup loan for businesses that have been trading for less than 24 months.

What are the businesses I can venture into with my start-up loan in Ghana?

The start-up loan obviously helps to get you up and running a business. 

The following are some businesses you can venture into with your start-up loan:

1. Taxi business
2. Poultry farming
3. Fish farming
4. Frozen food shop
5. Snail farming
6. Make-up business

Where can I get a startup loan in Ghana?

You have to generate some funds before you can startup a business. Without these funds your dream of having a startup business would just be fluke.

The following are where you can get a startup loan:

1. From your bank
2. Crowdfunding
3. Small business grants and loans
4. Business plan or entrepreneurship competition
5. Partnerships
6. Angel investors
7. Personal savings
8. Family and friends

What are the reasons banks could deny me a startup loan?

With the current economic situation all over the world, it’s nearly impossible to run your startup business with your money. Therefore, this is the major reason startup business owners need startup loans for their businesses.

The following are few reasons a bank can deny you a startup loan:

1. Insufficient collateral

They can deny you a startup loan if your startup business has a little or no collateral to secure the loan

2. Lack of a management team

Banks can deny you a startup loan if your startup business doesn’t have a strong

management team that has experience.

3. Bad credit score

If your startup business has a good credit rating, you could stand a better chance to get the loan. Although, it doesn’t mean you can get a business loan immediately with a good credit loan. Instead, it means that it’ll place you on a higher ground to contest for the loan. Because of this, they will not reject your loan request quickly.

Other reasons banks can deny you a start up loan are:

1. Debt-to-income ratio
2. Lack of consistent cash flow
3. Customer concentrations
4. Personal guarantees

Would a bad credit score affect my chances of getting a start up loan?

You might wonder if your startup business can get a loan with a bad credit score. Bad credit score of your business would toughen your chances to borrow money from any bank. Because of this, a bad credit loan they designed for businesses would be the best alternative to a startup loan. This is because many lenders look to offer loans to startups who could struggle to access loans because of a bad credit score. They only offer that type of startup loan to businesses that have good valuable assets.

Conclusion

Capital is essential to start-up a business. You would most times find it very stressful to get a loan from banks. And once you get the loan, you can now spend it on equipment, stock, marketing, etc. Startup businesses no longer have so much to worry about finances with the presence of startup loans. All startups must ensure they repay all the loans they owe. Because of this, they will get such loans in the future against unforeseen circumstances.

Most students don’t have high-paying jobs that can get them through school. As many can not afford the tuition fees for their education. This can actually result in a student taking out loans. Meanwhile, most students have very poor credit records, they might not approve them for any loan other than a student loan. 

However, it is always advisable to make research for grants and scholarships before resorting to borrowing student loans. 

This article helps you fully understand the ramifications of acquiring student loans to finance your education in Ghana. As it helps, you make informed financial decisions, apply wisely to achieve your dreams.

What Is a Student Loan?

A student loan is money you borrow from the government or a private lender for education, especially college. You can use the money for tuition fees, books, accommodation while in school and other  fees. You will need to pay back this loan with interest, which builds.

However, it is a financial aid that is available for students in order to curb the financial stress on students. This is because of financial needs that come with academics. The loan is with very little interest rate and it is payable upon completion of education.

Note: student loans differ from grants and scholarships. There is a need to pay back loans with interest. But for grants and scholarships, you don’t pay back anything.

Types of student loans in Ghana

There are basically two main types of student loans, which are private loan and federal loan. You can get the federal loans from the government, while private loans have several sources you can get it. Example banks, credit unions, schools, state agencies and other private lenders.

Private Student Loans

This is a type of student loan you can get from private lenders in Ghana or credit unions. The lender decides all the terms and conditions of the loan. Some private student loans come with a high interest rate when compared with the federal student loan.

Federal Student Loans

1. Direct Subsidized Loan: These are undergraduate loans for students who show financial help from the government. The government pays the interest until it is time for the student to pay back the loans. Once the student graduates or drops, there’s a six-month grace period before repayment starts and interest builds up.
2. Direct Unsubsidized Loan: These are undergraduate or graduate loans where students do not have to show financial help or need. With this type of loan, the government does not pay the interest. Rather, interest builds up from the moment the student gets the loan money.
3. Direct PLUS Loans: These are loans parents can get for their dependent students or that graduate students can take out for themselves. You are fully responsible for yourself when you take out this loan.

Reasons For Student Loan

Student loan is very important because many students desire to study but have little or no financial help. Students usually get student loans for the reasons below:

1. Tuition fees

Some college students cannot afford their tuition fee, which most colleges pay annually. Hence, they apply for a student loan to accommodate such expenses.

2. Personal Needs

Apart from academic life, students face a lot of life challenges daily, which mostly are his/her personal needs. These range from gaining other life skills while studying, medication because of ill health, and lots more. All these require financial attention and can prompt you to get a student loan.

3. Low Interest Rate

Most government student loans have little interest rate, which they do not pay while in school. You are to pay back when you earn upon completion of your studies.

4. Hope to study in your choice Institution

Student loans for international students give you hope of studying in that institution of your choice, regardless of status and family background. 

How to apply for student loan in Ghana

Many students face the problem of how to fund their academic life. It’s always important to analyze the cost of study and how to apply before getting a student loan. You can apply for a student loan by:

1. choose the school you intend to attend
2. research the cost of schooling there 
3. Choose your preferred financial institution
4. download and print the application form
5. complete the loan application form, agreement form, and guarantor deed.
6. attach two recent passport size photographs

Advantages of applying for student loans in Ghana 

The pros of applying for student loans include:

1. It helps you afford your dream College.
2. It enables you to pay your tuition fee and other academic expenses.
3. It comes with a low interest rate.
4. You can now apply online making it convenient.

Things worthy of note in other to repay student loan

1. Knowledge of the amount of the debt

This enables you to make plans of repaying the loan prior to the deadline

2. Judiciously using the loan stipulated period

You determine how to repay the loan while you make the best use of the loan. 

Meanwhile, any repayment option that does not work out as planned, there is a need to re-strategize.

3. Getting a job while studying

As much as it means you repay the student loan after completion of your education. You can as well get a job while studying or while in school, which is a part-time job. This helps you clear the loan while studying.

Conclusion

Student loans give hope to a lot of students who have an interest in studying to actualize their career dream. Especially when they are financially unstable. With student loans, you can attend your preferred higher institution and pay back the loan upon completion of your education. When you must have earned. 

However, it paves way to ownership of a valuable asset you might not afford upfront. A college degree is one of the most valuable assets you can get for yourself as a student. It provides the opportunity for many people to invest in themselves. Education loans help those whose families could not afford money to fund for their education as they wish. 

In addition, student loans can be problematic for students who do not get over the finish line. As they have accumulated the debt but no degree and the higher earnings that come with the loan. When considering borrowing a student loan, it’s important to determine to finish till the end. Also, ensure the loan amount you are considering borrowing measures up with your career path after graduation.

With the strike of Covid-19 and expenses increasing consistently, it is challenging for salaried individuals to go through the entire month with their salary. In such examples, they turn to loans and advance payment to help them solve unplanned and pressing needs. Many people go for salary advances. This is largely because their salary will pay off the owed amount without them having to worry about it or run around for funds. That is where KCB salary advance comes in

Admittedly, getting a salary advance is more flexible and convenient than a regular loan. Quick in disbursal and repayment. Therefore, we now have a simpler alternative called “Salary Advance”. It is the solution we seek for monthly financial liberation. 

Read on. We will take you through what makes KCB salary advance one of the best in Kenya’s financial industry.

A complete guide on KCB salary advance application

The principle of managing funds prudently by many people as it concerns meeting emergencies and unforeseen future needs cannot be fully achieved. Notwithstanding all our struggles and personal hacks, we will one time or the other request for salary based loans such as KCB salary advance.

This Kenya Commercial Bank (KCB) salary loan goes a long way by helping to solve short-term financial issues of salaried employees. As regards the guide to KCB salary advance loans, take note:

• The platform is not meant for Kenya Commercial Bank employees but also KCB salary account holders.
• For the completeness you seek in meeting all your needs, the KCB salary advance loan is the solution right in front of you. You may have heard of so many other platforms that give you salary advance, but KCB is one of the best.

What you should know about KCB groups and their Salary advance 

The holding company oversees KCB Kenya and was incorporated with effect from January 1, 2016. KCB Group offers many products and they call one of them Salary advances. They enhance access to unrestricted funds to KCB account holders and salaried employees. It has units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia, and South Sudan. They also own KCB Insurance Agency, KCB Capital, etc.

They set the holding company up to enable access to regular loans in new ventures outside banking, achieving operational and strategic autonomy. The Group is an operating entity and enhanced corporate autonomy. 

What is KCB Salary Advance

KCB salary advance is a short-term loan that is open to all salaried employees who have a KCB bank account in order to meet their emergencies. They give the advance to salaried KCB account holders pending the next salary payment. Once the salary enters the account, the calculation is done and they leave the remaining amount in your account.  

How does KCB salary advance work

The KCB salary advance is handled by KCB Group. They are registered as a non-operating holding company and they give out loans to people. One of their products is Salary advance. They give their salary advance based on the individual’s salary amount. The amount you earn, determines the amount of salary advance you can take. This is done in such a way that your salary will cover the advance you will get.

How do I qualify for KCB salary advance 

Every lending platform has qualifications and eligibility to meet in order to become a potential client for a loan. Here on KCB salary advance, you qualify by:

1. Being 18years and above 
2. Possess a national ID card
3. Be a salaried individual 
4. Have an account with KCB for at least 3months

KCB salary advance requirements

Lending institutions ensure they work with customers that have all the prerequisites they need. The following are the requirements of a Kenya Commercial Bank salary advance:

1. Open and own an account with the Kenya Commercial Bank, for at least 3 months or more
2. File or present original copies of your national ID or passport.
3. 3 months original latest payslips.
4. Be willing to accept that the salary advance is based purely on an individual’s salary.

Payment

For KCB salary advance, the payment is flexible and requires no collateral. Permanent employees can get up to 1.5 times of their salary or Kshs.100,000 whereas contract employees can apply up to Kshs.100,000. Normally, salary advance is repaid within 3 months or fewer, but KCB keeps deducting their loan amount until the loan amount is fully covered. 

Benefits

1. You can access up to Kshs. 100,000 for permanent employees and 100% for contract employees.
2. No collateral required.
3. Instant advance without delay.
4. Standard and simple Requirements
5. Competitive interest rate.

Note: KCB salary advance also accessible through KCB mobile banking (*522#) or KCB App

The KCB salary advance loan calculator

KCB bank provides qualified individuals with an idea of how much they are expected to pay back. This helps employees work with a reasonable budget within their financial abilities. Once you start having a doubt, check out their loan calculator online and use it as a tool for loan calculation.

How to Apply for KCB Salary Advance

To apply for KCB salary advance, follow the procedure below:

1. Visit the bank or their website online 
2. Collect the application form of salary advance and apply
3. Fill in the application form and supply all personal details
4. Provide all relevant documents
5. Wait for approval
6. Once approved, access the platform on phone through bank’s mobile banking (*522#).

How long does KCB’s salary advance take?

The KCB salary advance processing and disbursement time depend on how fast you provide the bank with all the required details. Go through the application to correct all necessary errors to avoid delay on the KCB salary advance processing.

Once they approve your application, access the KCB salary advance on phone through the bank’s mobile banking (*522#).

Conclusion

In times like this, with the current pandemic and other economic issues, loan based applications and solutions do not seem too easy. KCB salary advance is making living seamless and hassle-free. With their instant approval and quick cash disbursement, you will get more value. In conclusion, KCB salary advance translates to more ease and convenience of living.

We can use borrowed money for different purposes, which must fall in alignment with our needs. This is the best time for us to answer questions like, “What are the types of loans?, which is the best? And what purposes match the different types of loans?”. Therefore, the need to start a business, solve a personal pressing need and buy a home or a property, there are loans made for these varieties of needs. 

Furthermore, each type of loan solves a peculiar problem and hence, none is the best when it is being matched with our different needs. This article will reveal the types of loans we have in Kenya and all you need to know.

What you need to know about the types of loans in Kenya 

For whatever you may be needing funds for, try to find out the type of loan suitable for your need. However, if it is your first loan, ask around and do your findings. You can not need a business loan and go for a personal loan, which often attracts a relatively high interest rate.

Types of loans in Kenya

The different loans we have in Kenya are:

1. Personal loans 
2. Secured loans
3. Unsecured loans
4. Fixed-rate loans
5. Variable-rate loans

1. Personal loans

This is a type of loan used in solving personal pressing needs. Personal loans can clear household bills, buying foodstuffs, paying off church dues, etc. A personal loan permits you to borrow cash from a lender for almost any personal purpose. Mostly with a fixed duration, a fixed interest rate, and a regular monthly repayment. No collateral is required and banks, online lenders and street lenders offer this type of loans. It is for those who need relatively a small amount of money.

2. Unsecured loans: 

They offer this type of personal loan without a collateral and approve it based on your credit score. The pros of this kind of loan is that there is no no collateral involved. The disadvantage is a slight increase in interest rate. If a borrower defaults on a personal loan, it leaves the lender with few options than to involve agents or debts collectors. These people help in recovering bad debts. However, Lenders do not have the right to take your assets, land, etc as collateral. You promise to repay, show proof of solid income and excellent credit history. 

3. Secured loans

Secured loans are obtained with a collateral. Because it has recovered some part of the loan risk, if the interest goes down. The advantage is a partially low interest rate and losing collateral in the case of loan default. Where your credit scores aren’t excellent to qualify for your unsecured loan, they request collateral. Secured loans show a lower risk rate to the lender or bank.

4. Fixed-rate loans

In this type of loan, the interest and the monthly repayment remain the same till you pay off the entire amount. A fixed-rate loan is a type of personal loan where the interest rate stays unchanged for the entire duration or for a part of the loan period. Most citizens of Kenya go for fixed-rate loans for long-term loans. Since to an extent they have a clear view about the future costs and monthly repayments.

5. Variable-rate loans: 

The interest rate of this type of loan can go down or up depending on the marketing structure. A variable-rate loan is a type of loan or personal loan where the interest alone changes according to changes in market structure It is in most cases called an “adjustable” or a “floating” rate. 

Note: Unsecured loans, Secured loans, Fixed-rate loans and Variable- rate loans are seen as types of personal loans in Kenya.

Examples of loans you can apply for in Kenya

1. Business loans
2. Home loans
3. SME and agricultural loans
4. Home equity logbook loans
5. Car loans
6. Student and education loans
7. Salary advance

1. Business loans:

 Business loans are offered to entrepreneurs and startups. They also offer it to business people who will go into expansion. It comes with an averagely low interest rate. It is mainly offered by banks because it often requires huge capital. 

Business loan is a loan specifically for business purposes. Such loans come as asset-based loans, invoice financing, micro loans and business cash advance.

2. Home loan: 

They offer home loans to customers who want to purchase a home. The borrower in most cases goes to find the home and then meets the financial institution for the loan. The financial institution takes the title of the home till the borrower makes the final payment. It comprises an adjustable or fixed interest rate and repayment duration. They mortgage the home in question to the lender, mostly banks as a security till the final loan repayment.

3. SME and Agricultural loans: 

SME loans are offered to small and medium enterprise individuals who are looking to start up a business to boost the economy. They offer it on the basis that you pay little or no interest depending on the platform.  Agricultural loans are for farmers and Agribusinesses to further turn their crude way of farming to a mechanized way in order to boost the agricultural sector. They in return make a repayment by the due date.

4. Home equity logbook loans: 

This type of loan requires the borrower to submit all documents of his home to the bank to raise a loan. The loan might be 50% monetary value of the home. Landlords benefit a lot from this type of loan especially when they want to embark on a new project. Projects like education loan, re-roofing, property acquisition etc.

Moreso, the amount of the loan will be based on the value of the property. Then the value of the property will be determined by the valuation officer or real estate agent of the lender.

5. Car loans: 

This is a loan given to borrowers for them to own their dream car. There are terms and conditions you need to fulfill before you can get this type of loan. Often 80% to 90% of the value of the car is financed by the bank or the lender with an interest rate attached. It requires the borrower to pay back the loan and possess full ownership of the car. 

Car loans can also be called financing. They use it for car purchase and payment made monthly with an interest.

6. Students and education loans: 

There was a certain time education was expensive, but acquisition of loans has come to subsidize it. Lenders offer student loans to students or parents to finance their education. In return, the students graduate, get a job and start paying off the loan. 

In addition, they use student loans to clear tuition fees, books and supplies, living expenses, etc.

7. Salary advance: 

A salary advance is a type or form of a loan to salary earners who need cash and in return pays off at the end of the month. Monthly earners who need loans and can not wait till month end, go to acquire salary advance.

They give it to employees who receive wages or salary every month. It is simply a loan to an employee, and the employee pays back immediately the salary enters the account. 

How to apply for any of the types of loans

Applying for loans in Kenya is generally the same procedure with all lenders. Except for slight differences. The procedures are:

1. Download the loan app on play store or Visit the lender’s website and fill the application form. Or visit the lender or the bank’s physical office and fill your application form 
2. Create an account on the loan app and submit all your personal details. 
3. Wait for the app to read your details. Here you are to also submit your documents if requested for.
4. Wait for loan approval and have your loan.

General eligibility for different types of loans

To be eligible for a particular type of loan you need to be:

1. Be 18years and above
2. Have a national ID 
3. Possess an active phone number 

Conclusion

In the past few years, digital loans has changed the market for credit in Kenya. Information, loan disbursement and repayments are controlled remotely or within the lender branch. You need not to worry. What should be of great concern to you is to identify the type of loan you need. 

However, It is pertinent to do proper findings and comparisons and also know the type of loans your loan falls under. When you want to take out a loan for an emergency or business expansion, know the type of loan you would go for. Know the requirements and eligibility attached to each type loan because in Kenya each type of loan has its own peculiar features.

At the verge of making the final decision of applying for a home loan. You might want to know how that home loan works. Especially if it’s your first time applying for this type of loan. Things like; the repayment terms, documents, whose name the home loan should bear etc could make you feel worried. But the rest of this article will give you all the information you need to get the Nedbank home loan.

What can qualify me for a Nedbank home loan?

Just like every home loan from other lenders, you need some things to qualify for the Nedbank home loan.

The following are the documents you need to qualify for the Nedbank home loan:

1. You’ll need a valid South Africa identity card or document
2. A proof of your income
3. List of your expenses
4. A sales agreement or offer to purchase
5. Your banking details

Things to consider before taking the Nedbank home loan

There are things you must consider before getting the Nedbank home loan. They include:

1. Ensure you can afford the home loan

Even before applying for the home loan, ensure you’re financially capable to meet its demands. These demands can be weighty, this is because you could also have some other expenses to make.

Also, be mindful of how prompt repayment of the loan improves your credit score.  

2. The home of your choice

You should be able to communicate your choice of home to the bank. This will help them know the home loan you need. Even before accepting the terms of a home loan online. It is advisable to have a physical look and feel of the home you want to buy. This is because the home you see online might not really be as that physically.

3. Await the outcome

After communicating your home of choice and presenting the documents. You then await the outcome of the loan application. However, the loan application process can take as long as two weeks before approval. But once they sign and submit all the documents, they require from you. Then you will have a higher tendency of getting your loan as soon as possible.

4.  Registering the transfer process

Once they approve your home loan, they have to register the transfer process of having the property in your name. And they will require you to pay the transfer fees. Therefore, ensure you prepare for this because they don’t always include the transfer fees in your home loan. Always ensure whether they will include the transfer fees in your loan before you sign.

The Finance Linked Individual Subsidy Programme (FLISP)

The Department of Human Settlements developed the FLISP. They did this to enable sustainable and affordable first-time homeownership opportunities to South Africa citizens and legal permanent residents. People who earn a gross monthly income of up to R22,000 are the ones that can access the FLISP.

The following are the requirements for the FLISP:

Besides earning a gross monthly income of up to R22,000. There are other requirements you need to make for you to get the FLISP.

1. Be a South Africa citizen or permanent resident with a SA identity document
2. Applicant must be 18 years or older
3. People who have never benefited from a housing subsidy scheme previously
4. If you are a first-time homebuyer
5. People who have approved home loan from a financial institution
6. Have at least one dependent who never benefited from a housing subsidy scheme previously.

How does the FLISP work?

The FLISP has a way it works to serve the South Africans excellently. They are:

1. Immediately you submit your home loan application, Nedbank will conduct a full credit assessment. This helps to make sure that you can afford to repay the home loan
2. If they approve your application, they will conduct a property valuation immediately
3. They require that you accept and sign all the documents with the bond attorney. If you are happy with your home loan quotation.
4. The transferring attorney liaises with the bond attorney, who will lodge your bond application with the Deeds Office. Then they’ll register the property in your name. However, this may take up to three months.
5. Once they register the bond in your name, you can now start enjoying your new home.

Nedbank home loan self-service

The Nedbank self-service helps customers to access their home loan accounts using their self-service banking profile. They can do this and from any place for free.

What are the benefits of Nedbank home loan self-service?

Customers take control of their home loan finances with the self-service. They can manage their home loan account and carry out various transactions from anywhere.

The following are what self-service customers can do with the Nedbank home loan:

1. Customers can view their statements online.
2. They can check their balance.
3. Their payment information
4. Transfer funds to and from their home loan account using their linked Nedbank current or savings account.
5. They can bank with complete security, 24/7.

How can I get started with the Nedbank home loan self-service?

To get started with the Nedbank home loan self-service, there are things you must do.

Take the following steps to activate your self-service banking profile:

1. You can apply online or call the Nedbank Contact Centre on 0860 555 111. Besides that, you can visit a Nedbank branch and let them know of your interest.
2. Show them your account number and proof of identification.
3. Ask them to create a self-service banking profile for you. And that they should send you the profile number.
4. Exchange the temporary PIN you receive with the one you like. You can do this by using any of the self-service banking channels. And they include:

Internet banking: www.netbank.co.za

Telephone banking: 0860 555 111

Cellphone banking: nedbank.mobi

SMS banking: *120*001#

Conclusion

A home loan can become the best decision to make in order to get the home you love. Especially when you do not have enough money to buy a home. Most lenders that offer personal loans, car loans, or student loans also offer home loans. Borrowers must ensure they repay these loans promptly so that their credit scores will be in a pleasant condition. Failure to do this could deny borrowers future loans.

Communication is an integral part of human existence and smooth operation. As one of the leading telecommunication service providers in South Africa and beyond, Vodacom understands the importance of timely and quality communication and that is where the Vodacom airtime advance comes in. 

In order to serve their users better, especially in emergency situations, they have taken out time to include a key service. This service is the ‘airtime advance’ service. With this service, you now have access to airtime or data when you need it most. This equally means you can stay connected and continue making calls/using data services whenever you’re unable to buy recharge vouchers. 

Let’s take a quick look at what the Vodacom Airtime Advance entails.

What is an Airtime Advance?

An airtime advance is a self-service option that enables Vodacom customers to receive airtime/data in advance. And of course pay for it later through their next recharge. This also means customers can get access to emergency airtime/data when they need it the most. The airtime advance is just equivalent to a personal loan but can be spent only for communication.

Who is eligible for a Vodacom Airtime Advance?

In order to access the airtime advance service, two major criteria are;

You must;

• Be active on our network for at least 3 months
• Recharge a minimum total of at least R29 per month over 3 months
• To check if you qualify for Vodacom Airtime Advance, simply dial *135#. You can also read Airtime Advance terms and conditions to find out if you qualify for the service.

How does Vodacom Airtime Advance work?

When you’re out of airtime, you can get R20, R10 or R5 airtime or get data advances. All you have to do is dial *135# and choose option 10 or *135*082#. After this, select ‘Airtime & Transfers’. 

The airtime advance service comes with an access fee of R1.00. Repayment must be within 180 days. Failure to recharge and repay the full amount within the duration temporarily barns you from using the service again. Default in repayment also decreases your credit limit as to the maximum amount you can borrow.  

Repaying your advance amount after enjoying the swift service shouldn’t be that much of a job. In fact, early repayment increases your advance limit and boosts system confidence.

Note; If you’re a Top Up/uChoose customer and don’t recharge before they generate your next account invoice, and add your outstanding amount to your next bill. The system automatically cancels your Airtime Advance amount.

How to apply for a Vodacom Airtime Advance?

These steps will lead you through accessing the Vodacom Airtime Advance;

• If you qualify for Airtime/Data Advance, dial *135# or *135*082# and then select ‘Airtime & Transfers’
• Select from the Airtime/Data Advance options as per your qualifying criteria.
• Reply ‘1’ to proceed.
• You will then see the confirmation message: “You have requested RXX Airtime/Data Advance. This will include an additional R1 access fee [to be deducted from your next recharge].”

Alternatively, you can visit www.vodacom.co.za select “Airtime Advance” and follow the prompts.

How much does the Airtime Advance cost?

If you make use of this service, and loan R10 from your Airtime Advance account, your balance will be R11.00. This will be R10.00 airtime + R1.00 access fee.

When you recharge your account with a R12.00 voucher, R11.00 will be deducted from the voucher. The R1.00 will be loaded as your airtime balance.

Conclusion

Being a leading telecommunication platform in the country and beyond, Vodacom has made this service available to benefit its customers. Especially customers who are caught up in the middle of an emergency. Customers can now access airtime and data to fulfil their purpose.