Category Archives: Loans

Power Loans – giving you affordable loan solutions

Getting access to a personal loan nowadays is as easy as completing an online application from the comfort of your own home or without even having to leave your office. You don’t have to spend hours waiting in long bank queues or waiting to speak to multiple consultants.

Power Loans is a micro lending institution at the forefront of simple online loan solutions, making it easier for people to get access to much-needed cash.

Power Loans offers clients an easy 3 step application process:

  • Choose how much you need and for how long
  • Fill out the quick online application form
  • Once approved, the money is yours

Tell me more about Power Loans?

Power Loans specializes in providing online cash loans in two ways. Namely: as a maximum affordable loan or a specific affordable loan.

These loans are payday loans, giving clients up to a month to repay them, with no hidden costs. The maximum repayment period is 6 months. Using the online calculator makes it easy for you to budget, because you’ll know exactly how much you can expect to repay throughout the loan term.

By choosing Power Loans, the client receives the maximum level of personal service. As a Power Loans client you get to access to finance at local branches. You get access to a national call centre, with dedicated agents who are there to help you through the entire loan process.

By choosing Power Loans, you get access to online loans which are paid out on the day of approval. It takes less than 24 hours to get approved.

Once you have been approved for finance from Power Loans you get access to amounts of between R500 and R8000.

The loan amount will be sent to your Power Cash Card once you have been approved. This card can be used at any ATM or retail outlet that uses a MasterCard platform.

You’ll then have the financial freedom to pay for your needs. Whether you need to pay for car repairs, for school fees or even for home renovations, Power Loans gives you all the financial muscle you need.

To contact Power Loans, simply call: 087 702 1371

Visit the Power Loans website here: www.powerloans.co.za

Loan Tycoon SA

Loan Tycoon SA

Life should not be worrying about debt and money but rather the enjoyment thereof. People find themselves in sticky situations once or twice where they need money but are unable to obtain a loan. This is usually because commercial banks will not lend them or they are blacklisted. Loan Tycoon SA is a trusted loan finder that finds its clients the perfect loan to pay their expenses or enjoy a holiday.
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RC-investment-loans

RC investment group, private loan lenders

Finance which can be accessed expeditiously with flexible conditions remains the preference of many individuals and families. Stats have also indicated that clients prefer private lenders as compared to public lenders. This interest and desire for more private lenders has led to the establishment of many micro lending firms giving individuals and families convenient access to cash and flexible application and repayment conditions. One of those micro lenders making a difference is RC investment group.

RC is a private investor and a private loan lender.This fast growing finance house offers loans and investment service at a low-interest rate to individuals and business organisation. RC offers personal loans, business loans, debt consolidation loans, commercial loans, real estate loans, hard money loans etc.These loans are offered at 3% interest rate with repayment periods ranging between 1 to 30 years. Loan amounts offered are from a minimum of $5,000 to a maximum of $500,000,000 and currencies offered include USD, CAD, KWD, OMR, SGD, RUB, GBP, AUD, MYR, ZAR, IDR, UAH, PHP and EURO.

To qualify for this credit, one needs to be 18 years and above, be in possession of a South African ID, present proof of income in terms of payslips and have a bank account where income is deposited and debit orders can be deducted.

RC financial group can be contacted through various online platforms.

Student finance sources in South Africa

Student finance sources in South Africa

The right to education is a universal entitlement that includes the right to free, compulsory primary education for all, an obligation to develop secondary education and make it accessible to all, in particular by the progressive introduction of free secondary education, as well as an obligation to develop equitable access to higher education ideally by the progressive introduction of free higher education. In a developing economic context like South Africa, free higher education for all has not been realised yet. It is important therefore to look at possible sources of finance for students in South Africa.

University financial aid – Most universities offer bursaries or grants to students who have excelled in secondary school studies. Students must therefore check with the universitys financial aid office to check for eligibility and make sure an application is lodged before the closing date, which is usually in October of the year preceding the start of studies.

National financial aid – For South African citizens, you may be eligible for a National Student Financial Aid Scheme (NSFAS) loan to study at one of the countrys public higher education institutions. The NSFAS is a statutory body funded by the Department of Higher Education and Training which provides study loans to academically able but financially needy students.

External bursaries – There are many companies in South Africa as well as provincial government departments who offer bursaries to promising students. Many mining and engineering companies,in particular, provide contract bursaries.

Student loans – All of South Africas major banks offer student loans, both to South Africans and non-South Africans with valid study permits. When applying for a bank loan, you will have to show proof of registration at an education institution.

Bursaries for teachers – These bursaries are offered through Funza Lushaka which is a governmental funded bursary scheme aimed at promoting teaching in public schools. Students planning to complete a teaching qualification in a subject area identified as a national priority by the Department of Basic Education can apply for full cost bursaries, which cover the cost of tuition, books as well as living expenses.

The above are some of the student finance options which can be explored.

loan tips

Loan tips

Loans are a necessary solution in moments of financial distress for individuals and families. Research has however shown that not many people consider certain key aspects or steps before obtaining a loan. Below are a number of tips one should consider before taking out a personal loan.

Shop around – Just like any other purchase, it is always advisable to shop around and compare different offers before taking out a personal loan. In this process, always look out for the annual percentage rate which tells the true cost of a loan taking into account the interest payable, any other charges and when the payment falls due.

Don’t apply for too many loans – Having lots of applications on your record makes you look desperate or in financial difficulties. As a result lenders will see you as more of a credit risk which makes your chances of your loan application being approved lower.

Borrow more – Generally, the larger the loan amount is the lower the interest rate. Due to the way some providers price their loans, there are occasions where you can actually save money by borrowing slightly more.

Know the risks of secured loans – Secured loans are cheaper than unsecured loans but you risk losing your property if you don’t keep up repayments. So don’t sign up unless you are 100% sure that you will be able to meet your repayments.

Consider a credit card – Before you apply for a personal loan, consider other forms of credit. You might find a credit card is cheaper and a card with a 0% introductory offer on purchases will enable you to spread the cost of big purchase interest free.

Always check your credit rating – If you plan to apply for a market leading personal loan, its crucial that you check your credit rating first. If your credit rating is not in good shape, you may be offered a more expensive deal than the low rate loan you originally applied for.

Consider early repayment charges – It might seem unlikely at the time you take out a personal loan but its possible that you will be able to pay off your debt early. Many loan providers will apply a charge if you wish to do so, so its a good idea to check how much this might cost before you apply for a particular loan.

Check the small print – Before applying for a loan, always check the small print to see if you are eligible. Some best buys come with some hidden negative conditions.

The above tips if considered can assist in making good and positive personal loan decisions.

Zidisha loans, global online lending platform

Zidisha is an innovative and trendsetting online platform which facilitates lending across the international wealth divide. The vision behind the concept is to have an online micro lending community to connect lenders and borrowers directly across international borders and consequently overcoming previously insurmountable barriers of geography, wealth and circumstances. This facility has managed to bypass expensive local banks and connect lenders and borrowers directly resulting in fairly priced loans and promotion of mutually beneficial friendships which cut across borders.

Access finance through Zidisha follows few simple steps. The first step is for the borrower who quite often is in a developing country to log into the Zidisha system and post a loan request, the lender then selects an available loan and bids to provide all or part of the funding, lenders are allowed to propose their own interest rate for the funds that they offer to lend, 100% of the lenders loan is disbursed directly to the borrower and repayments are done in regular weekly or monthly installments. In many instances, lenders and borrowers stay in touch and keep each other updated on the impact of the loan.

With Zidisha, thousands of aspiring entrepreneurs especially in marginalised countries have received the much-needed financial assistance to start and expand businesses.

FNB money transfer

FNB, providing Zimbabwe money transfer

First National Bank (FNB) has over the years transformed from being just a South African banking giant into an institution which is extending its frontiers into the African continent especially Southern Africa. As part of the Southern African Development Community (SADC), serving this region is very important to FNB. With millions of Zimbabweans living in South Africa, Zimbabweans happen to be South Africa’s largest group of foreign migrants. This scenario points to a need for a reliable facility that allows migrants living in South Africa to send money to their loved ones back home.

As an industry leader, FNB answered this call by launching the Zimbabwe money transfer service. This service allows FNB customers living in South Africa to send money to an individual in Zimbabwe who has a valid national identity document. Through the partnership entered into with OK limited, sent money can be collected at participating OK outlets money counters. Sent money is also collected in South African rands.

The beauty about this service is that  money can be sent at any time of the day or night through cellphone or online banking. One is allowed to send up to R1500 per day through cellphone banking and up to R3,000 per day by using online banking. The maximum amount of money allowed to be sent per month is R10,000.

FNB can be contacted on 0875759405.

Borrow online, personal asset loans

The advent of the internet has revolutionised every aspect of human life. The business world has not been spared by advancements in the field of technology. Gone are the days when customers queued up to access services and products from the providers. Many steps of a business transaction such as applications, submission of documents, getting approval and finances being transmitted can all be done in ones private comfort through the online space. One business organisation which has tapped into the power of the online space is Borrow Online.

Borrow Online was established in order to assist individuals and businesses raise money quickly by using their paid up assets as security. Leveraging on the power of online facilities, the Borrow Online team with over 20 years industry experience is able to provide fast, private and efficient service to clients. Borrow Online lends against clients valuables such as vehicles, gold and jewellery, watches, art and property.

In order to access credit from this noble micro lender, a client simply completes the application form online and submits for review, Borrow Online will contact client and do an online evaluation, if offer is accepted, client is then supposed to submit the valuable or asset and funds are transferred. Once the borrowed money together with the charges is paid back, the client can then collect  the asset.

Borrow Online can be contacted on 0861112866.

Medical loans

Medifin financial services, providing healthcare loans

Healthcare is something that mankind can’t do without. Health matters are also challenges which are most of the time unforeseen which puts enormous pressure on finances to seek quality medical care. The solution for many individuals and families is to get medical plan in place to reduce the financial burden in moments of need. One organisation assisting many in this regard is Medifin financial services.

Medifin was established about 20 years ago with a vision of providing medical finance for many South Africans and assist them to proceed with their desired, if not critical medical procedures without being held back. The medical loan product was launched in 2012, to-date this product has reached over 1500 medical and dental practices with over 800 practices being serviced on a regular basis. Medifin provides clients with the means to have the cosmetic or elective surgery they desire at affordable rates and terms accompanied by great customer service.

Clients seeking this finance simply have to consult the doctor and know when and how much the procedure will cost, apply for finance, Medifin then does a quick credit check and affordability assessment with clients consent and then issue a quote and an agreement. Other qualification requirements include copy of ID, proof of residence, proof of income by way of showing the most recent pay slip and three months bank statements.

Medifin can be contacted on 0861000808.

Zero debt, debt relief experts

Debt is a word many South Africans are familiar with.Recent statistics show that half of South Africa’s 20.29 million credit active consumers are struggling to meet their debt repayments. Research has established that consumer credit health has continued to detoriate with loan defaults continuing to rise, salaries being docked by garnishee orders and more people being blacklisted. These stats are a reflection of the negative effect of high debt levels and a rising cost of living. One South African financial house which has stepped in to help the situation is Zero debt.

Zero debt is an indigenous and independent company with qualified debt counselors who assist individuals and families to take control of their finances and solve debt problems. Through an effective debt counseling service, a suitable financial plan is drawn for a clients unique situation. Zero debt also helps clients to consolidate debt into one affordable installment at reduced rates.

To get assisted, clients can simply complete the free assessment form in order for their indebtedness and affordability to be measured. One all the balances from credit providers are received, Zero debt then drafts a restructured plan which is forwarded to all the involved credit providers and the plan is also given to the client by the debt counselor. Zero debt from this stage instructs a specialised attorney to proceed with obtaining a granted court order based on the restructured payment plan.

Through Zero debt, many indebted individuals are getting the much-needed relief. This financial concern can be contacted on 0861113749.

Freeway finance loans, creating financial freedom

Freeway is a descriptive term that tries to bring to light a passage that bears no disruptive obstacles. In real life, the passage of life is punctuated by many moments of involuntary pause and impediments which in most cases are linked to finances. In a bid to assist many individuals and families facing different financial challenges, Freeway finance was established.

Freeway Financial Services is an authentic South African micro lender which provides blacklisted cash loans, term loans, consolidation loans and personal loans. Using different diverse affiliations built over the years with credit providers who each have their own company criteria, clients who have become blacklisted and can’t qualify for credit with other credit providers are helped. These affiliated lenders  also registered with the National Credit Regulator which makes them responsible lenders.

To apply for these credit facilities, a customer just needs to download, print and complete the application form in readable handwriting. This application form should be accompanied by an ID copy, latest 60 days bank statements and latest salary advice. The submitted application form and documents are processed and feedback is given within a period of 2 hours whether its positive or negative.

The qualifying criteria for this loan is that you have to be permanently employed for at least 2 months, be a South African citizen with an ID, earn a monthly salary which is deposited into your personal bank account and be older than 18 years and younger than 65 years. Freeway does not unfortunately assist those on commission income, self-employed, contract workers without a specified contract end date, not a South African and those under administration, insolvent, liquidated or under debt counseling.

To enjoy a life free from financial impediments, Freeway finance can be contacted on 0125465747.

Finance 27 loans, same day cash loan providers

Finance 27 loans – The South African economy has over the last two decades has experienced tremendous growth and change. In tune with the country’s democratic dispensation which embraces diversity, the country’s economy has also witnessed the emergency of many macro and micro financial institutions all providing an assortment of services and products. One of those micro lending institutions which has come on the economic scene to make a contribution is Finance 27.

This micro lender operates within the legal guidelines of the National Credit Regulator. Finance 27 has committed itself to the provision of same day payday loans in cash amounts of minimum amount of R500 and up to maximum amounts of R3,000. This credit facility has been created to assist individuals and families to meet urgent financial commitments and challenges and ultimately achieve financial freedom.

The process to obtaining this finance is very simple.The customer simply chooses a loan, communicates the necessary and needed personal information and once approved the money is delivered through a bank account. When a customer renews a loan, it will be seen as a new loan and therefore the same interest and rates will apply for the new loans.

To qualify for this credit finance, a client needs to be 18 years and above, be in possession of a South African ID, have some sort of monthly income  which enables one to  afford loan repayments, show proof of residence and have a bank account where income  is deposited and repayment debit orders can be carried out.

Finance 27 can be contacted on 0129411572.

LCT finance, micro lending experts

LCT finance is a fast growing South African micro lender which has dedicated itself to providing finance and credit to thousands of clients through personal loans, blacklisted loans and short-term loans. Whether a client has good or bad credit, LCT is able to find and provide the appropriate finance package with the right conditions. With a flexible online application process and a 24 hour loan approval time frame, this micro lender has become the preferred choice for many.

Apart from the loan service, clients also enjoy 3 in 1 package which includes a q-assist program, free loan finding service and a full credit report. This 3 in 1 package is available for R399 every 6 months. The comprehensive credit report offered to clients offers the following, personal information, summary of all accounts, summary  of judgements, summary of loans and summary of all searches done. The benefits of this credit  report are that clients are able to know their credit rating, be informed of bad debts, develop a shield between themselves and creditors and generally  be protected as  consumers.

LCT finance can be contacted by filling in an online contact form or simply calling 0315392747.

Bad credit loans, the blacklisted clients credit solution

Bad credit loans – The desire to assist individuals and families who are blacklisted or have bad judgements against them was the motivation behind the establishment of Bad Credit. Bad Credit is a South African based financial broker which has over the years assisted thousands of people to find loans and meet pressing personal expenditure needs like education fees, medical bills, home renovations, car repairs etc.

Using an innovative simple online application process, this finance broker assists clients with personal loans of up to R150,000. This has been made possible due to the strategic partnerships developed with various loan providers over the years. To qualify for this credit, one needs to be 18 years and above, have an income of R1,500 or more per month, be in possession of an ID, show proof of residence and have a bank account where income is deposited and repayment debit orders can be collected.

Apart from the loans, clients can use this reputable firm for a service package which offers an insurance claims processing service. This service is offered because the administration of insurance claims is important but also risks rejection if relevant paperwork is not done properly. Through this service, clients are therefore assisted with the submission of insurance claims to various insurance companies and brokers.

Through this claim processing service, Bad Credit does the telephone and email correspondence, claim form completion, all quotes needed for the claim, submission of claim form, keeping a client informed of the process and ensuring that the claim is finalised in the shortest possible time. This assistance helps to save time and money.

Bad Credit can be contacted on 0212020578.

A loan application can done here.

Standard bank student loans, empowering students

Standard bank student loans. Economic and social research has shown that the finance factor has tremendously contributed to fluctuating entry numbers into universities and institutions of higher learning. This has consequently led to a critical shortage of knowledge and skills needed to drive economic growth. This scenario is what prompted Standard bank which is one of South Africa’s biggest commercial banks to introduce student loans. The idea behind this innovation is to ensure appropriate financial support is offered to students who meet the relevant criteria so that no deserving student is denied an education opportunity on financial grounds.

The Standard bank student loan has been designed to assist students with finance for fees, books, equipment and accommodation. Loans for accommodation are  however only offered to students who are not living with their parents. This loan also comes with the benefit of a Standard bank transaction account with a debit order.

Full time students are required to only pay the monthly interest on the loan and start repaying the loan upon completion of studies,the interest is normally charged to the students account number or surety’s bank account. Students are granted capital repayments if they have completed their articles, internship or community service. Part time students are required to pay the loan while studying while those who have failed to complete their studies are supposed to repay immediately.

Recipients of this loan also enjoy peace of mind knowing that once the loan is in repayment mode, monthly repayments remain unchanged. If one is a part-time student, the monthly repayment will change whenever there is an increase on the limit of the loan while studying.

As part of the requirements for this finance, students should submit academic marks, proof of registration or qualification by 31st march each year. Because student loans are granted for a specific year of study, students are required to re-apply for each year of registration.

Standard bank can be contacted on 0860123000.
standard bank student loans

Essential credit loans, providing financial assistance

Essential is one of South Africa’s the fastest growing micro lending institutions which was established with a vision of serving consumers facing unforeseen financial challenges such as education fees, medical expenses, home renovations or even car maintenance. With a fast growing reputation and deep understanding of the financial business environment gained over the years, Essential credit provides clients with the financial injection required.

With a guaranteed pay-out time of between 1 to 24 hours and repayment periods running between 3-30 days, this short-term loan is convenient and flexible for the consumer ensuring that a client can afford and also sufficiently meet their needs.

The process of obtaining finance from Essential credit follows simple steps. The first step allows clients to use the online sliders to determine how much money they want and the length of the repayment period they are comfortable with. Clients can also indicate how much interest they will be ready to pay. Clients can then apply by using  a fast paperless application procedure. Once approved, the applied for amount of money is released into the clients submitted bank account details. Repayments for this loan are done by debit order.

Essential credit reserves the right to cancel a loan application if a client fails to pay instalments, commits fraudulent acts, if a bank statement shows reversed debit order or if fraudulent documents were submitted for the application.

This financing house can be contacted on 0218510435 and trained consultants will be glad to assist.

Atlas loans, credible and stable loan provider

Atlas loans, being established in 1994 with a vision of being a provider of financial assistance to all South Africans in an ethical, responsible and legitimate way. Today Atlas has serviced over 2 million clients with loans and established over 170 branches around the country.

Because of the rich experience gained over the years, Atlas understands the needs of the market and individuals. Clients through this reputable firm can obtain loans of up to R8,000 with repayment periods that run up to 6 months with the option of a top up loan at a later stage. Customers also enjoy great promotions such as a chance to earn up to R600 by simply referring a new client. For every  successful loan referred, Atlas loads 7.5% of the loan onto the Atlas finance Nucard.

To qualify for this finance, a prospective client needs to be 18 years and above, have an ID, show proof of residence, present a payslip as proof of income, have a bank account where income is deposited and where repayment debit orders can be carried out.

By doing business with Atlas, clients are assured of dealing with a lending financing house with stability, professionalism and credibility. Atlas can be contacted on 0877018665.

Showtime finance, credit for the listed

Showtime finance is a term synonymous with sports or entertainment activities. Showtime characteristic description of display especially of superiority. It is not surprising then that a business entity came on the scene with the showtime name. Showtime is a micro financing institution  which is assisting thousands of clients with credit histories, judgements against them, garnishee orders, defaults or simply failing to meet stringent requirements demanded by commercial lending houses.

This financing house offers credit from a minimum of R1,000 to a maximum amount of R15,000. This money is offered in form of pay-day loans which must be repayed within 30 days as well as short-term loans which should be repayed within the timeframes of 4, 6 and 12 months. This money comes with 5% monthly interest rate, a once off initiation fee which is added to borrowed capital, monthly service fee as well as credit and life insurance. Showtime also ensures that customers enjoy high levels of security, confidentiality and data integrity. To qualify for this credit, a customer must be between the ages of 18 and 65 years of age, be in possession of a South African ID, show proof of residence and have a bank account where income is deposited and monthly debit orders can be carried out.This financing house does not conduct any credit checks but lenders/brokers might do that. Clients should however note that Showtime does not offer credit to individuals who are under administration, insolvent, under debt review or under any debt restructuring program.

Showtime financial solutions can be accessed by calling 0218255454.

Micro loans South Africa, flexible finance and credit providers

Micro loan SA is the definition of a well-functioning and friendly credit and loan provider in South Africa. In a competitive financial market like the South African one, Micro loan SA has set itself apart by being easily accessible to clients, convenience with product offering as well as repayment terms and providing peace of mind to clients by knowing that they are dealing with a credible and registered financial services provider.

This finance institution provides personal finance, smart cover and a range of cellphone contracts, tablet contracts and free insurance quotes. With a smart loan finding service offered to clients, Micro loan SA assists clients to source credit of up to R15,000 in a quick, easy and convenient manner. The well designed client portal allows clients to follow all the steps being taken regarding the submitted application and also get access to other offers, discounts and promotions. This service is offered without any charges of administration or processing fees. In the unfortunate event of death, the smart cover takes care of the financial burden of a funeral. This cover also extends to the spouse and  6 biological children and there is no need for medical examinations. The premium for this cover is only R35 per month.

To apply for the personal finance, a customer should submit personal details like the South African ID number and residential address as well as employment details, salary details, monthly income and expenses, banking details and next of kin details.

Clients can apply for this loan and credit by visiting the firms online platform which is the company website.

Lendico, your financial solution

Lendico loans. The need for loan or credit intermediary services has become even more important over the years in the South African financial markets. Intermediary service providers assist clients with critical information regarding loan applications as well as identifying the right institution which can provide the right financial solution suiting budgets and needs. It is for these reasons that Lendco was established.
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