Getting a loan can be a time-consuming task, and many people can find that frustrating. Fortunately, with a Tymebank loan, you can apply and qualify for the credit you need with ease. Tymebank has quick application processes, with forgiving eligibility requirements, and you’ll get the credit you need within minutes of applying.

Tymebank, in partnership with TFG Money, offers personal loans that have a quick application process, and you can borrow a loan amount starting from R4000 up to a maximum of R120 000 with a manageable repayment term. Which ranges from 3 months to 36 months. You can choose the range that best suits your budget; however, the repayment term is also determined by the loan amount (example: you cannot repay a loan of R4000 for 36 months, you’ll only have a range of 3 months to 9 months)

Requirements you must meet to qualify for the Tymebank Loan

The following are the eligibility criteria one must meet to qualify for the Tymebank TFG Money personal loan, they are as follows:

• You must be a South African citizen
• Aged 18 years or older
• You need to be employed or self-employed
• Have a stable income
• Valid contact details (cellphone number and email address)
• You must have a good  credit score

Documents Required When Applying For Tymebank Loan

Tymebank does not need a lot of documents when applying for their loan; you will only be required to submit your 3-month bank statement. Bear in mind that you must have a soft copy on your device when applying or downloading it from your banking app, that’s because you can only apply for the loan online.

How to Apply for Tymebank Loan

Tymebank has one of South Africa’s fastest application processes, and you can only apply for the loan online. If you are struggling to apply on your own and you require assistance, you can contact their in-store ambassadors. You can get them at your local retailer at a mall or shopping centre near you. Here are 4 easy steps to apply for the loan:

4 easy steps to apply for the loan:

1. Eligibility check: You will be asked some simple questions to determine whether you are eligible for the loan
2. Document submission: You will be required to send your 3-month bank statement
3. Online contract signing: You will have to sign the loan contract online, sent via email
4. Get Funds: Lastly, when you qualify, you will get your cash in minutes sent to your bank account

Tymebank Contact Details

If you have any questions, you can use the following details to get in touch with Tymebank, or you can visit their in-store ambassadors

• Cellphone Number:  0860 999 119
• Email Address: loandoc@tymebank.co.za  or service@tymebank.co.za
• Website: https://www.tymebank.co.za/tymebank-personal-loans/

Frequently Asked Questions (FAQ’s)

Read what follows to get more of the answers you need!

Q: Tymebank minimum loan amount?

A: You can simply apply for a minimum loan amount of  R4000

Q: Tymebank Maximum loan amount?

A: You can apply for a loan amount of up to amaximum of R200 000

Q: Documents required to apply for a Tymebank loan?

A: Only your latest 3 months’ bank statement will be needed.

Q: Are partial payments allowed or possible?

A: Yes, Partial payments are available. TymeBank Clients can do direct payments into the loan account via the SmartApp. Non-TymeBank clients can make payments into the loan account via EFT.

Q: Minimum loan repayment term?

A: You can repay your loan if you are approved for a minimum of 3 months.

Q: Maximum repayment term for a Tymebank Loan?

A: You can repay your loan if you are approved for a maximum of 9 months. No matter your loan amount.

Q: Where can I apply for the Tymebank Loan?

A: You can only apply for the Tymebank Loan online on the website or the Tymebank SmartApp.

Q: When will I get the loan I applied for?

A: If your application is approved, you must approve/ authorise the Debicheck debit order. The money will then be paid directly into your TymeBank account (if you are a TymeBank client) or into your preffered bank account (if you’re not a Tymebank client)

Simply click here to get more loan products