The process of finding a loan nowadays is simple. Gone are the days of having to dress up in your fanciest suit to visit your local bank manager when you want to get a loan. These days, getting a loan may be the click of a mouse away.
The increase in the number of micro lending institutions in the financial industry has also made it easier for people to get access to various loan options.
Supasmart Loans is a financial institution with an online service that is one of the best in the market.
This institution makes the loan-finding process much simpler, by searching all the major lenders in the market to find you the best loan.
All you need to do is fill in an online application and Supasmart Loans does all the hard work for you by sifting through multitudes of lenders, to find the right solution for your needs.
Supasmart Loans isn’t a direct lender, but is rather a broker that offers an efficient loan-finding service.
The institution trades ethically and only deals with safe and reliable South African lenders who are licenced and regulated by the National Credit Regulator (NCR).
How it works – Supasmart Loans
By submitting just one application form on the Supasmart Loans website, you will get access to multiple lenders within seconds.
You get access to loan amounts of between R1000 and R200 000.
Individual rates vary from lender to lender and are calculated based upon your individual circumstances. Loan repayment periods also vary by lender.
To apply, you generally need to be at least 18 years old, with steady employment and a consistent source of income on a monthly basis. If you have a bad credit record, your best option may be applying for a secured loan by putting assets up as a form of collateral.
A further benefit of online loans is that services are available 24 hours a day, so you have the freedom to apply at any time of the day or night. You won’t have to waste time waiting in long queues or having to speak to multiple consultants.