Cash Back Finance is a micro lending institution which is leading the pack. While many financial industry service providers give many promises of excellence and efficiency, Cash Back finance does not just promise its clients but goes out of its way to live up to that because, this strong business value is emphasised by the fact that Cash Back Finance pays back R100 to its clients if a loan is not approved within 24 hours.
Established about 22 years ago, Cash Back Finance was formed out of the desire to provide short and long-term loans to blacklisted as well as non blacklisted clients. Cash Back Finance business role is to secure credit and finance from various financial brokers and financial institutions on behalf of clients. Currently Cash Back Finance secure loans of up to R120,000. To apply for the Cash Back Finance credit facility, clients must be residents in South Africa and be possession of an ID, be 18 years and above, be permanently employed for at least 2 months with a bank account through which monthly repayments can be collected via debit order. This credit facility also carries a renewal policy which means if a client is up to date with his loan repayments, they may qualify for a second or third loan depending on the criteria as set by the loan company.