A consumer loan is a basic type of loan to fund asset purchases, which is structured differently depending on the lender. In short, you select a specific asset, undergo a credit check, and upon approval funds are disbursed to finance the purchase.

Aside from 100 points of ID, you will need to prove income through your last 3 payslips or 2 years tax returns, or a letter from your employer. You will also need details of the asset to be purchased including the serial/chassis number.

The loan term depends upon your financial goals and preferences, but can be from one two seven years. A Lendfin specialist will work with you to ensure the consumer loan meets your specific needs.

Consumer loans are generally used to purchase vehicles, including cars, luxury vehicles, motorcycles and boats.