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I thought it was impossible but it did actually take only a few minutes to apply for a loan. And I got the money the same day.
I found so many different loans sites on the internet but none had the information I needed to compare different loans. Great service, thanks.
Loans.co.za is your starting point for borrowing money in South Africa. We review the major lenders and share our findings with you to take the frustration out of selecting the right loan for your needs.
Short term loans – or payday loans – have become exceedingly popular in South Africa with borrowers looking for easy, quick access to cash to cover emergency expenses.
Short term loans – or payday loans – have become exceedingly popular in South Africa with borrowers looking for easy, quick access to cash to cover emergency expenses. And with the introduction of Wonga in South Africa, people looking for short term finance in SA now have a reputable, trusted provider to help them with short term credit needs.
As the name implies, short term loans are normally smaller amounts that people can borrow and repay in shorter time frames (hence also the term payday loan). Short term loan providers in South Africa have less stringent approval requirements, so a lot of people prefer them to their normal bank, where loan approvals are scrutinized in detail, and approvals take for ages!
if you have multiple high interest loans that cost you a lot to repay each month, then you might be the perfect candidate for a consolidation loan.
there are basically two types of debt consolidation loans, but before we get into that lets explain what it is. consolidation loans allow you to merge multiple loans from one or many lenders, allowing you to have a single and hopefully lower interest rate. lower interest rates will potentially reduce your monthly repayments. if you do want to reduce your monthly payments you might even consider the same interest rate, over a longer period. paying off over a longer period will reduce monthly repayments regardless of the interest rate.
Find the most competitive, reliable, and non-dangerous Loan Sharks in South Africa Today, by browsing our Directory of Loan Sharks .
The reality is that the loan sharks of South Africa are no better than the predators which they are named after. These are unscrupulous lenders that charge extremely high interest rate and use other tricks to squeeze money out of their customers, who are usually people in a very difficult financial situation. Find out more about them and their practices so that you can avoid getting into their trap.
The loan sharks in South Africa offer loans at super high interest, which exceeds the limit set by the National Credit Regulator (NCR). They typically charge high fees as well. They charge interest per day rather than per week or per month no matter how long the term of the loan is. They use a whole range of illegal practises which aim to make the cost of the loan huge.Tags: loans, south, africa,