Payday loans are suited to people with a steady income that need cash straight away. Borrowers need to provide proof of employment, a steady income stream and identification. At the end of the month or a date determined by the lender, borrowers are required to repay the loan amount, administrative charges and interest in full. The loan has a fixed interest rate, usually higher than longer term finance and a fixed repayment period. Failure to stick to the lender's terms and conditions of the payday loan generally results in a barrage of costly penalties, ongoing collections calls, a summons to appear in court and even garnishee of one's pay check. It is always better to offer to settle the debt before it goes for collection. In South Africa, these loans and charges are regulated by the National Credit Regulator in terms of the National Credit Act. Need a payday loan then Boodle offers easy loans with quick payout @ www.boodle.co.za
Long-term loans on the other hand are a form of debt that is repaid over a long period of at least a year. Some examples are mortgage bonds on properties, capital leases, higher-purchase agreements and long-term business loans. Personal loans also come with longer repayment periods and lower interest rates than payday loans; lenders are able to recoup their costs and add profits over a longer repayment period than in the case of payday loans. Need a quick cash loan today, don't wait until payday when Boodle may be able to help with a same day loan, apply online in just a few minutes @ www.boodle.co.za
Are you in need of a cash loan? ezCASH offers another loan sourcing service in South Africa for loans from R1 000 to R150 000. Applications can be completed online with loan terms from 24 to 72 months and you can also apply if you have bad credit or are blacklisted. Working with different lending companies they will do their best to help you get a loan even with poor credit wherever possible. There are no fees to apply and all you have to do is complete a short online form with no documents required and during business hours you could get same day approval of your loan. All partner finance companies are NCR (National Credit Regulator) registered and you are guaranteed responsible lending practices. If you are looking for a large cash loan then why not see if they can help, apply now @ www.ezcash.co.za
Not able to get a loan from anyone and need cash? It can happen to many people, if your credit rating is very low or you are unemployed you may not be able to get approved for a loan. Pawn My Car may be able to help and offers a legal service that allows you to loan cash against your car, bakkie, minivan, motorcycle, truck, boat or any other vehicle that you own which is fully paid. Your loan amount is determined by the value of the vehicle and all you need to do to apply if complete a short online form and a consultant will be in contact during business hours to make you a loan offer. If you would like to proceed with the secured loan you will need to take your vehicle in for a valuation and sign the loan agreement. With all the correct documentation your loan could be approved and paid with 24 to 48 hours. If you are struggling to get a loan and are the owner of a vehicle why not apply for an asset based loan today @ www.pawnmycar.co.za
