Loan Size : R10 000 up to 100 000.00
We have supported hundreds of clients who were taking their retirement after decades of service to their employers. We have given bridging finance for the retiring clients while they waited for their retirement packages to be finalized by human resources and employee benefits teams. We are happy to support both private sector and public sector employees who need this solution. Sadly, some exit processes can take up to four months, if not one year , depending on the individual client circumstances. Imagine being out of salary for three months due to delays in the administration of your exit process? This is why we created this solution.
The longest case we have seen was a client leaving the GEPF pension, and exiting with their benefits outside the GEPF. This client had a contested divorce case, which resulted in them only getting their funds after one year. However, other GEPF retiring members who have borrowed money from us have seen their benefits paid out in no more than two months. We have also helped fund employees who were resigning from work, while they waited for their benefits. If we can prove that you have an official pension benefit, and you are in the process of leaving your employment either by resignation or retirement, we will certainly look at assisting you with a soft loan. Click here to apply.