CAN I APPLY FOR SPACES FREEDOM FINANCING?
If you are between the ages of 18-65 you may apply for Spaces Freedom Financing. You will need to have a permanent address, permanent employment or be self-employed, able to provide two references and the required documentation.
WHAT DO I NEED TO QUALIFY FOR A FINANCING?
Proof of address: e.g. Most recent rent or mortgage receipt, water bill or landline telephone bill.
Proof of income: e.g. 2 most recent pay slips or job letter
A picture identification: this must be a passport, driver's license, national ID or voter's ID
References: we'll need the names, addresses and telephone numbers of at least 2 persons, one of which should be a family member.
If you are self-employed, we ask that you also submit:
Proof of your income such as a record or receipt book, bank, credit union or building society statement or passbook for the last 2 months.
WHO CAN I USE AS REFERENCES?
For the application form to be complete you will need to provide two references; one should be a close relative and the other a close friend. We do not accept the following as references: Justices of the Peace, Pastors and Doctors. Your reference is someone who knows you very well and can help us to know you better; this person must not live with you.
HOW LONG DOES THE PROCESS TAKE?
Applications are processed on an individual basis and the processing time may vary based on whether the form is filled out correctly and completely. Please supply all the requested information in the application form as it speeds up the processing of the application. Customers will be asked to submit original documents for us to verify their authenticity. Once the customer has provided all the information required, you will be advised of the outcome of the application within 48Hrs.
WHAT IS A CREDIT LIMIT?
Your credit limit is the amount of credit you are comfortable carrying based on your circumstances. We determine your credit limit by looking at the information you provide on your application. We assign a credit limit and also an instalment restriction based on this information. This means that you can access a certain amount of financing but your monthly payment cannot exceed a maximum instalment amount each month. Please note that the credit limit includes the cost of the item plus the service charge, no purchase inclusive of service charge should exceed the credit limit.