Your independent loan comparison!
Your independent loan comparison
Online Loan Application
Before submitting your loan applications online, here is what you need to know about how your credit rating will affect your loan application.
Fast information
Properties of this loan
- Personal loans up to R300.000
- Term 12 - 72 months
Loan requirements
- SA ID number
- Proof of residence not older than 3 months
- 1 month's payslip
- Last 3 months’ bank statements, if you don't bank with us
About company
More information about the company Standard Bank
Fast information
Properties of this loan
- Online loans up to R50.000
- Term 6 - 24 months
Loan requirements
- A valid SA ID
- 3 latest payslips or 3 latest bank statements
- Must be permanently employed and earning a monthly salary
- A valid cell phone number
- A valid SA bank account
- Must be 18 years or older
About company
More information about the company Capfin SA (Pty) Ltd
Fast information
Properties of this loan
- Online loans up to R200.000
- Term 1 - 7 years
- Quick application
Loan requirements
- Have and Identity Document of the Republic of South Africa
- Be over 18 years old
About company
More information about the company DirectChoice
Fast information
Properties of this loan
- Online loans up to R4.700
- Term 7 - 28 days
- Same day online payday loans
Loan requirements
- You need to be a South African citizen and above 18 years of age
- You also need to be employed and have a valid bank account
About company
More information about the company Southern Finance Ltd
Fast information
Properties of this loan
- Professional financial advice and tips to improve your score
- Complimentary loan assist service of up to R150,000 cash
Loan requirements
- Be 18 years or older
- Have a valid SA ID or Drivers License
- Have a bank account
About company
More information about the company Credit Gain Services (Pty)
Fast information
Properties of this loan
- Online loans up to R200.000
- Term 1 - 10 years
- Easy online application
Loan requirements
- Have and Identity Document of the Republic of South Africa
- Be over 18 years old
About company
More information about the company EC Loans
Fast information
Properties of this loan
- Online loans up to R8.000
- Term 1 - 6 months
- Easy online application
Loan requirements
- If you’re a South African citizen (at least 18 years old) who isn’t under debt administration and has never applied for debt review, you can apply
- You will need to provide us with a copy of your ID, your latest payslip, and your latest 3 months’ bank statements
About company
More information about the company Loanzie Pty (Ltd).
Fast information
Properties of this loan
- Online loans up to R150.000
- Term 12 - 60 months
Loan requirements
- Your ID documents
- Proof of residence
About company
More information about the company Transaction Capital Recoveries (Pty) Ltd
Fast information
Properties of this loan
- Online loans up to R150.000
- Term 3 months - 6 years
- Easy online application
Loan requirements
- If you are a South African citizen
- Over 18 years of age
- Employed and banked
About company
More information about the company Loans 4 Payday
Fast information
Properties of this loan
- Online loans up to R3.000
- Term 4 - 31 days
- Fast application
Loan requirements
- Your SA ID number
- Your bank account
- Your cell phone number
- Your latest three (6) payslips
- Your latest three (6) months bank statements showing your income
About company
More information about the company Westside Cash Connection (Pty) Ltd
Fast information
Properties of this loan
- Online loans up to R50.000
- Term 7 - 36 months
Loan requirements
- Have a South African ID Number
- Be between 22 and 60 years old
- Be employed full time
- Have a personal bank account in your name
- Have an email address and cell number
About company
More information about the company Izwe Loans (Pty) Ltd
Fast information
Properties of this loan
- Online loans up to R150.000
- Term 2 - 6 years
Loan requirements
- A regular monthly income of at least R5 000
- A clear credit record
- Your last 3 months' payslips or bank statements
- A clear copy of your ID document
- Details of your bank account into which your salary is paid
- A recent document confirming your residential address
About company
More information about the company FirstRand Bank Ltd.
Fast information
Properties of this loan
- Online loans up to R500
- Term 1 - 45 days
Loan requirements
- You need to be over 18 years of age and less than 65 years old
- Residing and employed in South Africa
- With an active RSA bank account, plus your own email address and cell phone
- Your credit rating will determine if there are any additional requirements
- We do a quick assessment of your financial ability to repay a loan
- So the results should give us an assurance of your ability to settle your debt when the time comes
About company
More information about the company Makanda Finance Ltd.
Fast information
Properties of this loan
- Online loans up to R250.000
- Term 12 - 60 months
- First loan strictly for women
Loan requirements
- Be 18 years or older
- Have a valid SA ID or Drivers License
- Have a bank account
- Be employed and earn R2 000 or more per month
- You will be required to provide proof of income documentation
About company
More information about the company First for Women Insurance Company Limited
Fast information
Properties of this loan
- Online loans up to R250.000
- Term 2 - 60 months
- High approval rate
- Use for any purpose
Loan requirements
- You must be 18 years or older
- Must have a regular form of income in order to apply for a loan
About company
More information about the company Triple Eight Media (PTY) Ltd
Fast information
Properties of this loan
- Online loans up to R300.000
- Term 1 - 7 years
Loan requirements
About company
More information about the company Loans Finder
Fast information
Properties of this loan
- Online loans up to R250.000
- Term 2 - 36 months
Loan requirements
- Presence of client ID
- Current account number in an African bank
- Minimum application criteria
About company
More information about the company XCELSIOR
Fast information
Properties of this loan
- Online loans up to R200.000
- Term 9 - 60 months
Loan requirements
- ID or a certified copy of your ID
- Three latest pay-slips
- One month’s bank statement
- Proof of residential address
- Affordability assessment
About company
More information about the company Iemas Financial Services (Co-operative) Limited
Fast information
Properties of this loan
- Online loans up to R4.000
- Term 1 - 31 days
Loan requirements
- ID client number
- Bank finance details
- Recent three month bank statement
About company
More information about the company MyMulah (Pty) Ltd.
Life has its twists and turns – sometimes, it is not unusual to find yourself in a situation where you need extra cash. It could be you want to meet an emergency, grow your business, finance your car, or you simply want to finance a home. Regardless of the situation, submitting a loan application online comes with a lot of convenience.
In case you are skeptical, here are several reasons that could convince you to try loan application online.
They Offer More Convenience
You will find that this loan type is more convenient as compared to a traditional loan. With the latter, you might require to make several trips to the bank for the application and to follow up on your loan approval process. Not so with an online loan. When making loan applications online, all that is required is for you to create an account online, fill in your application forms correctly and submit. Once this is done, you will be notified of your approval status online. You will also get a money disbursement notification through the same channel.
You Can Access Loans with a Poor Credit Score
Traditional loans place a lot of emphasis on a borrower’s credit score. It is almost impossible for a bank to advance you a loan if your credit is less than perfect. Granted, most online loans will also consider this. However, some online lenders will still consider and grant loans to borrowers with poor credit scores. And it gets better. If such a borrower takes online loans and repays on time, this will gradually improve their credit rating. In time, they can apply for bank loans.
They are Processed Quickly
Instant online loans are an online loan type that allows you to make your application and receive the funds within hours. When facing a medical emergency, for example, such timely loan processing and cash disbursement timelines are incredibly advantageous.
Get Access to Small Amounts of Cash
Smart borrowers only borrow what they need, as the higher the loan amount, the higher the chargeable interest fees. Traditional banks place caps on the lowest amount a client can borrow. If you need smaller amounts, these caps can lock you out. Online loans, on the other hand, can give you access to as little as R500 from online lenders.
Estimate Interest Rates using Online Calculators
Another beneficial feature of online loans is the online calculator provided by lenders on their sites.These calculators allow you to determine the exact amounts you will pay in interest for different repayment durations. As a borrower, this is useful in helping you plan your finances.
The landscape is different with different types of loans
Ideally, how quickly and smooth the process will be is dependent on the type of loan you want. For a personal loan, you get unparalleled convenience unlike submitting a home loan application, which may take more hassle compared to a quick loan.
Still, although the application and approval process of a home loan may take longer than let’s say a applying for personal loan, the online approach is much convenient than visiting a traditional bank. That said; for you to get a home loan in South Africa, you still need to fulfill all the critical requirements.
Lincoln Ndirangu(LinkedIn)Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...