Credit is an essential part of financial life. It allows you to purchase things that you can't pay for in cash, like a house or car, and it enables you to build a credit score that can help you get lower interest rates and better loan terms in the future.
What is TFG?
TFG or The Foschini Group is a retail company that operates in several countries including South Africa, Botswana, Namibia, and Zambia. The company has several retail brands that offer a range of clothing, jewelry, homeware, and more.
How much credit does TFG give?
TFG offers credit to its customers through its in-house financing division, TFG Financial Services. The amount of credit TFG gives varies depending on the customer's credit score and financial history.
TFG Store Cards
TFG has several store cards that customers can apply for, including:
- Exact
- Markham
- hi-online
- DueSouth
- Foschini
The credit limit on these store cards ranges from R1000 to R15,000, depending on the customer's creditworthiness. The interest rates on these store cards also vary, but they are generally higher than standard credit cards.
TFG Personal Loans
TFG Financial Services also offers personal loans to customers who need larger amounts of credit. The amount of credit available on TFG personal loans ranges from R1,000 to R150,000. The interest rates on these loans are fixed, and the repayment terms range from 6 to 60 months.
It's worth noting that applying for credit with TFG Financial Services will involve a credit check, and customers who have a poor credit score may not qualify for credit.
How to apply for credit with TFG
Customers can apply for credit with TFG in-store, online, or via the TFG App. To apply for credit, customers will need to provide their personal and financial information, including proof of income and residency. Customers will also need to consent to a credit check before their application is approved.
Conclusion
Credit is one of the most important financial tools available to consumers, and TFG Financial Services provides customers with access to credit that can help them achieve their financial goals. Whether you need a store card to buy your favourite new outfit, or you need a personal loan to cover an unexpected expense, TFG Financial Services has a range of credit options available to help.
