How-to-Apply

Application Process:

Submitting an application - Our application process is an online and offline process. The application process is simple. Once your application is complete our team will start the credit assessment process.

Do you offer credit outside South Africa - Asher Capital currently only offers credit to South African businesses. We are in the process of extending our service offerings to neighboring countries.

Registered Business/Individual

Annual turnover below R1 000 000

Trading for longer than 6 months

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Asher Loan Process:

The loan process for Asher Global Group typically involves several stages, from the initial application to the eventual repayment. Below is a simplified outline of the loan process:

1.Application: Submission of Application

The borrower completes a loan application form, providing personal and financial information. This can be done in person, through a mobile app, or via an online platform.

2.Pre-Screening: Document Verification:

Asher Global Group institution reviews the submitted documents, including proof of identity, income statements, and other relevant information.

Credit Check:

A basic credit check is conducted to assess the borrower's creditworthiness.

3.Assessment and Approval: Credit Analyst Evaluation

A loan officer assessed the application, considering factors such as the borrower's income, repayment capacity, and purpose of the loan.

Credit Committee Review:

In some cases, a loan committee may review and approve applications, especially for larger loan amounts.

4.Loan Offer: Terms and Conditions:

Asher Global Group provides the borrower with a loan offer, outlining the approved loan amount, interest rate, repayment schedule and any relevant terms and conditions.

5.Acceptance: Borrower Acceptance:

The borrower reviews the loan offer and, if satisfied, accepts the terms. This may involve signing a loan agreement.

6.Disbursement: Funds Transfer:

Once the borrower has accepted the loan terms, the funds are disbursed. This can be done through various channels, such as bank transfer, ,mobile money, or in cash.

7.Utilization: Use of Funds:

The borrower utilized the disbursed funds for the intended purpose, such as Working Capital Finance, Suppliers Based Financing, Digital Equipment Financing and Invoice Financing.

8.Repayment: Repayment Period

The borrower starts repaying the loan according to the agreed upon schedule. Repayment can be done through periodic installments (weekly, monthly, etc.).

Payment Channels:

The Asher Global Group provides multiple payment options, including in-person payments at branches, bank transfers, and mobile money.

9. Monitoring and Support: Loan Monitoring

Asher Global Group monitors the borrower's repayment behavior and financial activities throughout the loan tenure.

Support Services

Asher Global Group also offers financial education and support services to help borrowers manage their businesses and finances effectively.

10. Closure: Loan.Completion:

Once the borrower successfully completes the repayment schedule, the loan is considered closed.

Record Keeping:

Asher Global Group maintains records of the loan including repayment history.