Taking Out Micro Loans
Overview
If you’re looking at micro loans you will notice that there are a lot of options available in South Africa and is a good idea to familiarise yourself with the various credit providers before you take out a loan. Micro loans can be available to you immediately upon approval and this means that you will have the money you need for those unexpected expenses.
Micro Loans SA
Micro Loans SA offers you a comparison service whereby you can find the best short term loans available. You can compare the different providers, including their requirements, their interest rates and their fees. This will help you to make an informed decisions when you want to take out a loan.
Atlas Finance
Atlas Finance offers loans of up to R8000 with the ability to repay the loan over 6 months, or an additional benefit if you take a loan of R3000 or more over 4 to 6 months – you’ll get an extra R99 as a gift to you. This makes Atlas Finance one of the preferred loan providers.
Izwe Loans
Izwe offers purpose based personal loans to suit your personalised needs, with affordable monthly payments. Benefits of an Izwe loan includes:
- They will pay directly into your bank account ensuring the cash is available immediately.
- They offer fixed monthly instalments with fixed interest rates over the term of the loan.
Whether you need funds to build or renovate your dream home, pay for your child’s education or you need to consolidate your current debt for any unforeseen expenditure, they offer personal loans with terms ranging from 9 months – 60 months (5 years) and from R1 000 to R50 000.
A loan can be very helpful, especially when you have sudden unexpected payments to take care of. By doing thorough research you will be able to choose the best micro loan for your unique needs.
