What Are IEMAS Loans? How To Get Them?

IEMAS has been a renowned, reliable, and reputable loan provider in South Africa for the last 80 years. They are known for their flexible repayment terms, exceptional customer service, and efficient and quick application procedures, making them one of the best choices for most people. Let’s look at the details about IEMAS loans, what they are, the step-by-step application procedure, and other relevant information about them. 

What Are IEMAS Loans? How To Get Them?

IEMAS is a financial service provider offering various types of financial products, including loans, vehicle financing, and insurance. The company comes in the list of largest trade cooperatives working in South Africa. 

It is known for offering multiple types of loans at affordable interest rates after applying via easy-to-access online platforms. The platform is particularly ideal for those who want customization in their loan plans. 

Since everyone is different in their financial conditions, IEMAS offers flexible repayment terms and competitive interest rates that are customised according to the individual’s financial situation. Moreover, because of the presence of 24/7 customer service, you can always take help by contacting any of the experienced team members of IEMAS at any time of the day. 

They are always available to guide you. Well, if you want to make the loan approval process stress-free, smooth, and uncomplicated, look no further than IEMAS loans. Let’s now shed light on the types of loans offered by IEMAS. 

Important: IEMAS Financial Services Co-Operative Limited has changed its name recently into iMasFinance Co-operative Limited. Remember this to avoid any complications later on.

IEMAS Loan Types 

Here is the description about the type of loans offered by IEMAS. Make sure to pay attention to understand what loans are available so that you can apply for the appropriate loan according to your needs.

Personal loans

These personal loans are designed particularly to meet the requirements of the individuals in case of emergency expenses or debt consolidation. You can get short-term to medium-term personal loans and can pay for unexpected expenses.

Vehicle Financing

IEMAS offers vehicle financing with the options of instalments, finance refinement, refinancing for new or used cars, balloon payments, or leisure finance. The loan providers are basically partners with reputable dealers. This makes selling and purchasing much easier and more convenient. 

Home Loans 

IEMAS also provides home loans with a minimum of R 500,000. Moreover, it also offers building loans to pay for the construction of your new home on a vacant space or already existing home renovations.

GradUCare

You can also take education loans from IEMAS that come with the GradUCare name. This product is particularly made to pay for the educational expenses of the individuals. It can be used to pay for educational costs from preschool to tertiary and is beneficial specifically for tuition fees; books expenses, accommodation expenses, or other study-relevant expenditures.

Eligibility Requirements 

Here are the eligibility requirements that you must have to fulfil before applying for the loan to increase the chances of application acceptance. Understand them well to maximise the chances of loan approval. The eligibility requirements you must meet includes,

• Your age should be over 18 years. 
• You should have a valid ID, passport, and smart card with you. 
• You must be employed and have to provide recent payslips and confirmation of employment when applying for the loan.

How To Apply? Application Procedure

If you fulfil the above-mentioned eligibility requirements and are in need of financial assistance, here is the step-by-step procedure that you have to follow to apply for the loan. To apply for IEMAS loans, what you have to do is to, 

• Visit the official website of the loan providers. You can visit the official website of the company by clicking on iemas.co.za. 
• As soon as you click on the link, a page will open. This is the homepage of the website. 
• Look for the option of “Loans” and click on that. The loans tab is located at the top of the home page.
• A list of loan products will be displayed. 
• Now choose the right loan type that you want among the available options. Make sure to consider your needs before finalising the loan product. 
• After finalising it now click on the “Apply Now” button. 
• As soon as you click on apply now you will be directed to the online application form page. 
• Here you have to fill in the application form carefully. You have to provide your personal information, employment information, and financial condition description. 
• Make sure to complete the form properly so that your application gets processed smoothly without any unnecessary delays. 
• After completing the application and attaching the necessary documents, now click on “Submit.”
• Wait until you receive a response from IEMAS.

Essential Documents

Here is the list of essential documents that you must attach along with your application form. Make sure to attach genuine and legal documents to avoid any problems later on.

• You have to submit a copy of valid ID, passport, or smart card. 

• You have to submit a valid driver’s licence
• Also, submit your residential proof 
• Submit recent payslips of 3 latest months 
• You have to submit stamped bank statements for the last three months 
• You also have to submit employment confirmation. 
• Remember, for educational lending, you have to provide quotations for accommodation, books, and tuition.

How To Contact IEMAS Loans?

If you have any queries or questions in your mind or if you are confused about anything related to IEMAS loans, here is how you can contact the service providers. You can contact them either by calling their contact number or by messaging them on WhatsApp. Moreover, you can also visit them in person at their main address mentioned below.

• Contact number: 086 104 3627

• WhatsApp number: 087 240 5626

• Main Address: Corner Embankment Road & Kwikkie Street, Zwartkop x 7, Centurion, Gauteng 0157, ZA

FAQs

Does IEMAS offer debt consolidation loans? 

Well, no, IEMAS does not offer debt consolidation loans as a specific product. However, you are allowed to use the personal loans of IEMAS to pay for all of your existing debts. There are no restrictions or boundaries on the use of personal loans.

How long does it take for IEMAS to pay a loan? 

If your application has been approved and you have applied for an IEMAS card, it will take a maximum of 2 days, that is, 48 hours for funds to be transferred to your card. They will be available on your card after 2 days of application approval.

How to contact IEMAS loans?

To contact IEMAS loans, you can simply dial their contact number, which is 086 104 3627.  You can also WhatsApp them on their WhatsApp number which is 087 240 5626. Moreover, to visit the IEMAS office in person, you can visit their main address; Corner Embankment Road & Kwikkie Street, Zwartkop x 7, Centurion, Gauteng 0157, ZA. 

Does IEMAS offer loans for vehicle purchasing?

Yes, you can definitely apply for IEMAS loans if you are interested in vehicle purchasing. There are these vehicle financing loan products with the options of instalments, refinancing for new or old cars and finance refinement that actually makes it easier for you to purchase a car. Since loan providers and car dealers are partners with each other you can get a vehicle easily and conveniently.

For what purpose can you use IEMAS loans?

You can use IEMAS loans for several purposes including,  personal, home, car or education. You can use it for personal purposes, to pay for emergency expenses or can use them as debt consolidation. They can also be used for vehicle financing and for construction or renovation of your homes. Furthermore, IEMAS also offers loans for education expenses that come with the GradUCare name.

Conclusion 

IEMAS is undoubtedly the best choice for borrowers that particularly offers customised loan products to meet the needs of every customer. You can apply for the loan easily, quickly, and conveniently and can take so many benefits right from paying for an already existing loan to financing a car, to building a home, or for any other unexpected and emergency expense. Pay attention to the above article to not miss anything important.