Looking for Cheap Loans in SA

Overview

. Normally you will need to push the banks first as they have lower interest rates and can offer your customers learn according to your needs.

You can apply for a loan from ABSA, Nedbank, FNB, Standard Bank, Capitec or African Bank. Let’s take a look at an example from ABSA. ABSA offers loans up to R8,000 to qualified individuals.

An Express Loan could be the right choice if you:

• Need to access between R1 500 and R8 000
• Want a short-term loan payable over 1, 3 or 6 months
• Earn a minimum income of R1 500 per month

Similarly, Nedbank also offers cheap loans in SA, for example:

• You get cash of R1 000 to R200 000 deposited in your salary account.
• Flexible payment periods of 12, 24, 26, 48 or 60 months.

And here is what FNB offers clients:

• With a loan from FNB you get access to loans from R1000 to R150 000 paid out within minutes.
• Depending on your loan amount you can get up to 60 months to repay.
• In the event of your death, dread disease, retrenchment, permanent or temporary disability, our Customer Protection Plan will ensure that you are taken care of.

Short Term Loans

Another great option that you can go for is to make use of alternative crew providers that offer short-term loans on smaller amounts of under R5000. This is also often called payday loan and the whole loan amount needed to be played back on your next salary date, all within the next 30 days. Although these events can be applied for online and they are very quick to approve you, they may ask the higher interest rates always make sure you compare the rates and interest first.