What Are Dola Loans? How To Get Them?

Dola Loans in South Africa offers short-term and smaller loans with a maximum of R 5000 for existing clients and R 3000 for new clients. If you are in need of cash assistance, you should consider Dola Loans as the company is a reputable money lending company offering financial services throughout South Africa. Here in this article, we will look at the in-depth information about Dola Loans, their application procedure, the eligibility requirements, and other relevant information about them.

What Are Dola Loans? How To Get Them?

Dola Money Loans make money lending convenient and hassle-free. You can get access to loan money within minutes by simply applying via their easy-to-apply process that has clear and transparent charges.

The company ensures to mention everything before you finalize the loan to keep things clear and transparent. If you are a new client, you can get a loan of up to R 3000 from Dola Loans with 5% interest per month. For new clients, the repayment time is in between 1 to 3 months.

Alternatively, those who already have loans from Dola Loans and are now returning for another loan can get up to R 5000 with a 3% interest rate per month. They get the time of 1 to 6 months to pay the loan back to the company.

The best thing about Loans is that you can get access to loan payments within hours of qualifying. Moreover, the service fee of the Dola loan is charged as only R 60 per month, including 15% VAT, whereas the initiation fee is 15% on the first R 1000 you get, with an additional 10% on anything above R1000.

Before applying for a Dola Loans loan, you must make sure that you are eligible to apply. The eligibility requirements that you have to fulfill to apply for Dola Loans are mentioned below.

Eligibility Requirement

Here is the Eligibility requirement that you must have to fulfill to apply for Dola Loans. You must make sure to meet the minimum eligibility criteria to get loans easily without any hurdles of age, income, or anything else. In order to apply for Dola Loans,

You must make sure that your age is a minimum of 18 and a maximum of 65 years.
You also have to make sure that you are earning a regular income of a minimum of R 5500 per month.
Moreover, you also have to make sure that you are not under debt review.
You also should make sure that you have your personal bank account registered in your name in one of the registered South African banks like Nedbank, Standard Bank, African Bank, FNB, ABSA, Capitec, and Tyme Bank.
You also have to make sure that you have your cell phone number registered on your name.

How to Apply? Application Procedure

If you fulfill the eligibility requirements, now you have to follow the step-by-step procedure as mentioned below. Make sure to pay attention so that you can follow the application procedure as it is and can apply for the loans smoothly. In order to apply for Dola Loans, what you have to do is to,

First, visit the Dola Loans website. To do that you have to simply click on Dola.co.za/Loans.
Now you have to use the slider and select the loan amount.
Then select the contract term, whether you are going to pay back the loan within 1 month, 2 months, or 3 months.
Then you have to click on “Apply Now.”
As soon as you click on apply now you will be directed to the registration page.
You have to provide your basic details to register your account on Dola Loans.
You have to provide your email address, your contact details, and your details, including your first name, last name, and your identity information.
Then you have to click on the “Register.”
You have to provide this information to create your customer profile on Dola Money Loans.
Then, you have to provide bank statements so that the service providers can go through an affordability and assessment check.
You can either provide the bank statements directly or simply allow Dola Money to connect with your bank directly to get information about your bank account.
Then the company will conduct a credit check electronically within seconds to confirm whether you have a good credit record or not.
If the information you have provided is according to the eligibility requirements of Dola Money Loans, the loan that you have applied for will be approved by the company.
As soon as your loan is approved, you will receive a USSD message on your phone.
This USSD message tells you about the loan terms and conditions. You have to confirm them. Make sure to read them properly before confirming.
As soon as you confirm the loan agreement, the loan amount will be deposited in your bank account.

Documents You Need To Submit

Here are certain essential documents that you must submit along with your application form to apply for Dola Money Loans. Make sure to submit genuine documents and do not provide any misleading information. Otherwise, it can result in cancellation of your application.

You have to provide a copy of your valid ID document.
You have to provide pay slips for recent months claiming that you earn a minimum of R 5500 per month.
You also have to submit proof that your phone number is on record with your bank account number.

Why Apply For Loans From Dola Money Loans?

You get access to cash money within minutes of application approval. That means you don’t have to wait for longer to get funds in your hands.
The company has trained professionals who are always available to help you throughout your application process and repayment time.
Dola Money Loans is renowned for being a recognized company that has offered money lending services for years.
The application procedure to apply via Dola Money is easy and quick.
There are no extra documents that you have to submit except some basic and necessary ones.
If you are a returning customer, your repayment time would be greater, and your interest rate would be lower as compared to new clients.
The company offers affordable loans with transparent costs and no hidden charges.
You will definitely experience the best customer service with Dola Loans.

How To Contact Dola Loans?

In case you have any questions or problems, you can directly contact Dola Loans on their contact service number. In order to contact them on their phone you simply have to dial their phone number which is,

Phone: 011 568 2963 / 011 568 2964

Moreover, if you want to email them with your question you can simply email them on the email address. The email address of Dola Money Loans is mentioned below.

Email: [email protected]

FAQs

What do I need to qualify for a Dola loan?

You need to be between the ages of 18 and 65 years to apply for the loan. Moreover, you should also have a valid ID document and should have your personal bank account in one of the registered banks of South Africa. Furthermore, you also have to make sure you have your own phone number and email address and that you earn a minimum of R 5500 per month.

Are there any upfront fees that individuals have to pay when applying for Dola Money Loans?

No, there are no upfront fees that you have to pay if you are applying for a loan from Dola Money. Remember, if you are asked to pay, you might be dealing with the scammer. All of the charges and fees that you have to pay are mentioned on the official website of Dola Man. You do not have to pay for anything else than that.

Can I apply for a top-up loan from Dola Loan?

No, you cannot apply for another loan if you have already taken a loan from Dola Loan at the same time. The company only allows you to provide one Dola loan at a time to its customers. To get additional money, you have to pay off the current loan you are having.

How much can I borrow from Dola Money?

If you are an existing client, you can borrow up to R 5000, with a repayment time of 6 months, whereas if you are a new client, you can only apply for R 3000 of maximum loan with a repayment time of 3 months.

Final Thoughts

Dola Money Loans provide money lending services to borrowers so that they can get financial assistance easily and quickly. With Dola Money, you can get access to money within minutes via easy to apply online application procedure. Everything about Dola Money, including its benefits, application procedure, eligibility requirements, and other relevant information, is mentioned above so you can understand what you need to do to access the loans.

What Are Dola Loans? How To Get Them?