Instant Cash Loans

0 Flares 0 Flares ×

At times, no matter how small the need may be, we all require a little extra cash every now and again. Considering the budgetary constraints of the average South African, finding that extra amount of cash can be difficult. Instant cash loans help South Africans overcome this problem by giving them access to the cash they need, when they need it. Here is an in-depth look at instant cash loans, their differences from other loans and why they may be the right option for you:

Best Short Term Loans South Africa

#1 – wonga.com
Wonga.com is transforming the South African credit market by offering small, short term loans online with more speed, convenience and flexibility!

  • R2,500 for new customers, and up to R8,000 for existing customers
  • Instant decision 24/7 & NO paperwork
  • No hidden charges
  • Also available on mobile
#2 – Boodle
Boodle is the short term loan provider with some real South African flavour! Quick loans of up to R 8000 with 41 days to repay!

  • R2,500 for new customers, and up to R8,000 for existing customers
  • Instant decision 24/7 & NO paperwork
  • Up to 41 days repayment period
  • Also available on mobile
#3 – GetLoansOnline
GetLoansOnline
With some of the best success rates in getting you a loan – even for blacklisted applicants – GetLoansOnline is bound to solve your cash needs!

  • Loans from R500 – R15 000
  • Discreet, Secure and confidential
  • Easy and Flexible Repayment Terms
  • Blacklisted Applicants Welcome
  • Same Day Approval

What Are Instant Cash Loans?

As the name suggests, instant cash loans are a type of loan where you receive the money almost instantly. As such, they are a type of short-term loan given to you when you need it and have to repay it in a short period of time. In fact, it is not unusual for the interest to compound daily in some cases. That is just how short of a duration people require the money for.

The Borrowing Limit

With this type of loan already begin a short-term loan, it is evident that the borrowing limit is lower than usual. As such, you will be able to easily borrow R100 to R8,000. Based on your ability to repay the loan, you may be able to easily borrow up to R10,000. Many online lenders offer higher limits if you borrow from them frequently. Please note that the lender may provide a repayment deadline, usually up to 2 months, after your verification, depending on the amount you wish to borrow.

The Differences between Instant Cash Loans and Short-Term Loans

Contrary to popular belief, there are a few differences between instant cash loans and short-term loans that you need to know about. After all, the more you know, the safer you are and the more you can borrow.

1 – Instant Cash Loans Help You Borrow Faster
As the name suggests, what makes instant cash loans great is that the verification time is significantly shorter than most loans, even online loans. Many lenders will even transfer the required money to your account within 10 minutes, allowing you to get the cash you need, fast.

2 – You Can Easily Borrow More with Short-Term Loans
While instant cash loans can help you borrow almost as much short-term loans, you cannot borrow higher amounts as easily as you could with a short-term loan. This is usually because the emphasis is on providing you cash fast and therefore warrant fewer checks.

3 – There Is Less Documentation Required For an Instant Cash Loan
To ensure a faster verification process, the documentation required for instant cash loans is less. In fact, the primary documentation required is proof of residence, identity and repayment. Everything else is usually secondary or not required.

The Benefits of Instant Cash Loans

1 – Easy To Acquire
Regardless of how much you need, instant cash loans are almost always available and verified in as little as 5 to 10 minutes. This helps you borrow the money you need to overcome small financial obstacles.

2 – Easy To Repay
Because you only ever borrow a small amount, instant cash loans can be repaid in as little as a few days or in as long as a month. With such a short repayment period, you can clear yourself of debt fast, and still enjoy easy accessibility to cash.

3 – No Collateral Required
As stated, most online lenders will ask you for proof of residence, identity and repayment. You will not require any collateral to acquire an instant cash loan regardless of the amount.

How to Acquire an Instant Cash Loan

If you have an instant need for cash, simply follow the steps below and your wallet will be full of cash in no time at all. In fact, acquiring an instant cash loan is so easy, you can acquire it in 5 easy steps:

1. Go online and find a reputable online lender.
2. Enter your personal information and proof of residence, identity and repayment in the form provided
3. Select the amount you require and the duration of the loan
4. Wait at least 5 minutes for confirmation of instant cash loan
5. Withdraw cash as usual

Whether you require R500 or $10,000, instant cash loans can help you get your hands on the money you need, whenever you need it. Simply select an online lender, follow the steps above and you will be able to live a life free of financial worry. With easy instalments, instant cash loans are a great way for you to get the money you need, and not be burdened by long-term interest payments.

Best Short Term Loans South Africa

#1 – wonga.com
Wonga.com is transforming the South African credit market by offering small, short term loans online with more speed, convenience and flexibility!

  • R2,500 for new customers, and up to R8,000 for existing customers
  • Instant decision 24/7 & NO paperwork
  • No hidden charges
  • Also available on mobile
#2 – Boodle
Boodle is the short term loan provider with some real South African flavour! Quick loans of up to R 8000 with 41 days to repay!

  • R2,500 for new customers, and up to R8,000 for existing customers
  • Instant decision 24/7 & NO paperwork
  • Up to 41 days repayment period
  • Also available on mobile
#3 – GetLoansOnline
GetLoansOnline
With some of the best success rates in getting you a loan – even for blacklisted applicants – GetLoansOnline is bound to solve your cash needs!

  • Loans from R500 – R15 000
  • Discreet, Secure and confidential
  • Easy and Flexible Repayment Terms
  • Blacklisted Applicants Welcome
  • Same Day Approval
One comment on “Instant Cash Loans
  1. hermina says:

    Hi I’m trying to get in boodle last couple of days now for a payday loan but keep on getting message not available In my area and I’m in south africa. Could u please send me the apllication via email for mobile plaese

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Best Payday Loans

0 Flares Facebook 0 Google+ 0 Email -- 0 Flares ×