What Are Atlas Loans? How To Get Them?

Atlas Loans, which is also known as Atlas Finance, is a reputable and recognized financial institution located in South Africa offering multiple types of loans to customers. You can get the loans of up to R 8000 with a repayment schedule up to 6 months. Here in this article, we will look at the details about Atlas Finance Loans, what they are, how you can apply, and other relevant information about them.

What Are Atlas Loans? How To Get Them?

Atlas Loans is one of the well-known financial service providers located in South Africa that makes accessibility to cash easy and fast. Atlas Loans is known for its quick application procedure and number of financial services that it provides. 

It offers insurance services, money transfer, and debt review clearance services in addition to loans. Moreover, the company is a registered company that was founded in 1994, and since then, it has been one of the reliable loan-providing companies working in South Africa. 

The company provides loans with variable interest rates from 0.73% per month to 5% per month based on the loan amount and your credit check. You can apply for the loan by visiting the online application form or by simply visiting any of the 240 branches that are located in all 9 provinces of South Africa if you want to apply in person. 

How to Apply? Application Procedure 

Here is the step-by-step application procedure that you have to follow to apply for an Atlas Finance loan. You can apply online or by simply visiting the office in person. 

Applying Via Online Method

In order to apply for an Atlas Finance loan via online method, what you have to do is to visit the official website of Atlas Loans. In order to do so,

• Click on, atlasfinance.co.za/apply-loan/ . 
• Then you have to click on the option to “Apply Now.”
• You will be directed to the application page.
• Now fill in the required information as asked. 
• The information you have to provide includes personal details, employment details, income and expenses, and banking details. 
• After providing the information required you have to upload the required documents. 
• The documents that you have to attach are all mentioned below. Make sure to attach the legal documents to avoid any adverse situations later on. 
• Now apply along with the attached document to the lender. 
• The lender will then make a credit check and will conduct an assessment to check for your affordability.
• If you are eligible, you will receive the approval notification and the money will be directly paid into the account you have provided.

Documents You Need To Submit 

Here is the list of documents that you have to attach along with your application form when applying for Atlas Finance Loans. Gather all of them before initiating the application procedure to apply smoothly. 

• You have to attach a copy of your South African identity document, which could be in the form of your ID card, a driver’s licence, or a valid temporary ID. 
• You have to submit a work permit, South African residential ID, and passport if you are a foreigner. 
• You have to submit a bank statement for the last three months that should be stamped. 
• You also have to submit the recent payslips along with your application form.

Pros And Cons Of Atlas Loans

Let’s talk about the advantages and disadvantages of Atlas Finance Loans so you can get to know whether you have to go with the credit providers or not. 

Advantages 

• Atlas Finance Loans offer the easiest application procedure that not only is quick but also hassle-free and streamlined. 
• The loan also covers extra benefits including funeral cover, legal advice, grocery coupons, and ambulance benefits. 
• You can also get short-term loans with flexible repayment options from Atlas Loans. 
• Moreover, even if you have a low credit score you can qualify for Atlas Finance Loans.
• According to their terms and conditions, it is not necessary for you to have a high credit score to qualify for the loans. 
• One of the best things about Atlas’s finance loans is that the loans are also available for foreigners and domestic workers. 

Disadvantages 

• The processing time of the loan is quite long. They do not respond to you right after you submit an application, instead taking approximately 48 hours to provide you with the response.

How To Contact Atlas Loans?

Here is how you can contact Atlas Finance Loans if you have any questions or confusion in your mind. Simply click on the link below to reach directly to Atlas Finance’s contact page. 

atlasfinance.co.za/contact-us/

Here, you can send them a message by providing them with your personal information, including name, surname, email, and contact number, and your message in the available space. Now you have to click on “Submit Message,” and Atlas Finance will contact you on its own.

Moreover, if you want to contact the company via their customer care, you have to call Atlas Finance on 0800 204 679. You also have the option of emailing them. If you have any general inquiries, you can email them to [email protected]. 

FAQs 

Is Atlas Finance a safe and trusted option? 

Atlas Finance is a registered and reputable financial service provider working in South Africa. It has been working in the field of financial services since 1994 and has more than 240 branches located all across South Africa. The company not only is reliable but also trustworthy and has numerous positive reviews from its customers.

What are the documents you need to qualify for Atlas Finance?

In order to apply for Atlas Finance loan, you have to make sure that you have the latest pay slips with you. You also have to submit a copy of a South African ID document in the form of a passport or driver’s licence, regardless of whether you are a national of South Africa or a resident of the country. Moreover, you also have to submit the latest 3-month stamped bank statement.

Can I apply for a top-up loan from Atlas Finance Loans?

Yes, you can definitely apply for top-up loans from Atlas Finance Loans in case you need extra cash. If you already have taken a loan from Atlas Finance and you still need extra cash, you have the option of applying for a top-up loan from the company. 

What is the percentage of interest at Atlas Finance on their loans?

The interest rate of Atlas Finance Loans varies on the basis of the loan amount and other factors. Usually, the annual percentage rate APR of Atlas Finance on their loans is somewhere between 36% to 60%. This is the annual rate and when it is converted into a monthly interest rate, it becomes 0.73% to 5%

Does Atlas Finance offer a one-month loan? 

Yes, Atlas Finance also specialises in providing instant payday loans that you have to repay within a month. Moreover, there are also short-term loans that are available at Atlas Finance that you can repay within 6 months. 

Can you apply for Atlas Finance Loans if you are a SASSA grant holder?

No, you cannot apply for an Atlas Finance loan, if you are a SASSA grant holder. This is because you will need a pay slip and your recent stamp 3 months bank statement to apply for an Atlas Finance loan.

What is the best method to apply for loans from Atlas Finance?

You can apply for a loan from Atlas Finance by simply visiting the nearest branch of the company or by contacting them at their customer care centre. In order to contact them on their call service, you have to dial 0800 204 679. Moreover, you also have the option of applying online by visiting their official website.

Can you get loans from Atlas Finance in cash? 

No, Atlas Finance does not provide the loan amount in cash; instead, it provides the loan amount to Mastercard NuCard. The borrowers can easily use this card to withdraw the cash from the ATM. This is done to protect the privacy of the clients and prevent any scams. 

What is the total amount of loan that you can get from Atlas Finance Loans? 

If you are in need of financial assistance, you can get cash loans between R 500 to R 8000, depending on your needs and requirements. The loan repayment term for loans from Atlas Finance is up to 6 months, and you will be charged from 0.73% to 5% per month.

Final Thoughts 

Atlas Finance Loans is one of the reliable loan providers working in South Africa for 30 years. The company has more than hundreds of branches located all across the country and is providing South African citizens with a reliable cash lending service. You have to pay attention to the above article to understand the complete details about Atlas Finance’s loan procedure, documents, and other relevant information so that you can apply for the loans easily and get your loan approved quickly.