As a result of the COVID-19 pandemic and the national lockdown, many people will be in need of financial assistance.
The emergency loan guidelines published by the National Credit Regulator outline the regulations that you and the bank must comply with when considering an emergency loan. This document will clarify under which circumstances you are able to obtain an emergency loan. Note that debt review clients can qualify for an emergency loan if they qualify in terms of the Regulations.
When considering any loan, bear the following in mind: If you are struggling to pay debt now, how will you be able to manage with another debt burden?
Click here to read, download or print the emergency loan guidelines as published by the National Credit Regulator.