Who Can Apply for the Discovery Revolving Credit Facility?
The Discovery Revolving Credit Facility is available to Discovery Bank clients who meet the eligibility criteria. To apply, you must be over 18 years old and have a stable income to ensure you can handle the credit repayments. This facility is ideal for those with a good credit history who want flexible access to funds without the commitment of a traditional loan. Whether you need the credit for unexpected expenses, planned purchases, or simply as a financial safety net, this facility can be tailored to your individual needs. Discovery Bank makes the application process easy, with everything handled directly through their user-friendly banking app.
Required Documentation
When applying for the Discovery Revolving Credit Facility, you’ll need to have a few essential documents ready. These include your South African ID and proof of income, such as recent payslips or financial statements if you’re self-employed. Additionally, you’ll need to provide your most recent bank statements, and proof of residence, and detail your monthly expenses. Ensuring that these documents are accurate and up-to-date will help expedite your application process and improve your chances of approval.
Tip for You
Before you apply for the Discovery Revolving Credit Facility, take a moment to assess your financial needs and repayment ability. Understand how much credit you require and calculate what your repayments would look like based on the minimum requirement of 2.5% of your outstanding balance. Check your credit score and consider taking steps to improve it if necessary, as a better score can help you secure a lower interest rate. Also, review your monthly budget to ensure that you can comfortably manage the repayments without straining your finances. Being prepared will help you make the most of the flexible credit options available.
I Want to Apply for the Discovery Revolving Credit Facility
Ready to take control of your financial flexibility? Applying for the Discovery Revolving Credit Facility is quick and straightforward. Simply log in to your Discovery Bank app, navigate to the Credit Facilities section, and submit your application in just a few taps. You’ll receive immediate access to your approved credit limit, allowing you to use the funds whenever you need them. The process is entirely online, meaning you can complete it at your convenience!