Urgent cash loans

You need money urgently. You can’t wait for days to get approval for a loan. So what are your options? Do you go to a loan shark that is willing to give you money immediately, but with high risks? Or, is there a loan option where you can get the payout almost immediately?

This is where urgent cash loans come in. You can get NCR approved loans immediately, after approval. Making sure that when you need urgent cash, you can get it the legal way, without any problems.

Amount 300 - 4500 R
Interest from 1 %
Loan term 5 days - 35 days

If you will get the loan of R300 with the term of 5 days, your totally payment would be R364.25. The fee is R64.25

Amount 500 - 8000 R
Interest from 27 %
Loan term 30 days - 3 months

If you will get the loan of R500 with the term of 1 month, your totally payment would be R674. The fee is R174.

Amount 500 - 40000 R
Interest from 5 %
Loan term 30 days - 12 months

If you will get the loan of R1.000 with the term of 12 months, your totally payment would be R2.160. The fee is R1.160.

Amount 100 - 4700 R
Interest from 38 %
Loan term 7 days - 28 days

If you will get the loan of R100 with the term of 7 days, your totally payment would be R189.36. The fee is R89.36.

Amount 1000 - 250000 R
Interest from 20 %
Loan term 6 months - 7 years

If you will get the loan of R1.000 with the term of 6 months, your totally payment would be R1.765.5. The fee is R765.5.

FNB
Amount 1000 - 300000 R
Interest from 13 %
Loan term 30 days - 5 years

If you will get the loan of R10.000 with the term of 12 months, your totally payment would be R12.672. The fee is R2.672.

Amount 1000 - 5000 R
Interest from 3 %
Loan term 30 days - 6 months

If you will get the loan of R2.000 with the term of 6 months, your totally payment would be R2.957.32. The fee is R957.32.

Amount 1000 - 5000 R
Interest from 3 %
Loan term 30 days - 6 months

Loan amount R3.000, repayment term 6 months, monthly repayment 696.07, total repayment R4 189.78, initiation fee R416.1, monthly fee R68.4, interest 3%, APR 124%.

Amount 100 - 250000 R
Interest from 28 %
Loan term 60 days - 5 years

For the purpose of providing an example of the rates and terms, if you borrow R15,000 over 15 months at a fixed rate of 28% per annum, with an admin fee of R68.40 per month as well as an initiation fee of R1,197 the charges would amount to a representative rate of 68% APR (fixed). The total amount repayable would be R22,717.

Faq

Do the urgent cash loan services really payout immediately?

Most of the time, the urgent cash loans are getting paid out the moment the application has been approved.

What is making urgent cash loans different from other loans?

These loan applications are normally done online, without any paperwork. Approval is done within a couple of minutes and payment follows directly after approval. Other loans, you need to fill in paperwork and need to go through a process before it can be approved.

Are the criteria for urgent cash loans the same as for other types of loans?

Yes, the criteria are the same as for other loans. You need to be older than 18, have a salary of more than R5 000, and have a good credit score.

What is an urgent cash loan?

What are the urgent cash loans? It’s loans that are instant. You are getting the payout immediately after the loan application is approved. Even, the whole application process is faster, paperless, and done online. Ensuring that you are able to get the money you need urgently, as soon as possible.

Normally, this isn’t loans with large amounts of money that you can repay over months or years. This is more payday loans or short-term loans, but with payouts that are getting done fast after approval.


Qualifying for an urgent cash loan

There are some strict criteria that you need to meet before you can get approval for an urgent cash loan. It is important to make sure that you know the criteria for the different urgent cash loan lenders before you apply for the loan. These are the common urgent cash loan criteria for an approved loan.

  • You need to be over the age of 18 years with a valid South African ID.
  • Need to have permanent employment and proof of income to prove it.
  • Your salary needs to be more than R5 000 per month.
  • Able to proof affordability of repayment and need to give permission to credit check.

Some lenders have other criteria as well, so you need to make sure that you know the criteria before you apply.


Risks involved in urgent cash loans

When you need urgent cash, you might not really care about the risks involved with urgent cash loans. However, there are many risks that you need to know about before you apply for any urgent cash loans.

The interests of these loans are extremely high. This is because lenders know the urgency of these loans and they are using it to make as much money as possible. For the lenders, there is also a risk of not getting their money back, and therefore they need to increase their interests. The last thing that you need to make sure about, that is a risk when it comes to urgent cash loans, are the fees that you need to pay to get the loan approved as soon as possible with payouts immediately.

The other risk is that many urgent cash loan services aren’t registered with the NCR. Meaning that they can make their own rules and regulations. This can be high risk and causing a lot of problems for you. It is important to make sure that you choose a lender that is registered with the NCR.


The best urgent cash loans you can apply for

In order to minimize the risks involved in urgent cash loans, you need to know the best urgent cash loan lenders that you can apply. Lenders that are highly recommended, NCR registered and that comes with easy and fast payouts. These are the three best urgent cash loans you can apply for.

Boodle.

A relatively new urgent cash lender, but one of the best on the market. With Boodle you are getting immediate payment, fast application, and reasonable interest rates. They are ensuring that payment will be made 10 minutes after approval. Repayment is normally done within 2 to 36 days. You can lend anything between R100 and R4 000 rand and the interest rate is about 24,31%.

Konga loans

A great option if you are looking for an urgent cash loan with low-interest rates. The amount that you can borrow is between R300 and R5 400. Their interest rate is a great 0,16%. You just need to know that you are going to pay a fee as well. They promise that payment will be made within 5 minutes after approval. You can repay the loan from 5 to 35 days. Normal qualifying criteria apply when you apply for an urgent loan at Konga. This is an online lender, so you will need to have internet access to apply for the loan.

Easy Payday

This is an online lender, where you apply for the loan online. The negative side to Easy Payday is that the maximum amount that you can lend is not a huge amount. You can only lend up to R2 500. You can repay the loan within 10 to 30 days. Applying for the loan is easy and fast. Payment is done at the moment that the application is approved. Normally within 10 minutes. Their interest rates are lower than other urgent lenders, normally going at 17,96%


Conclusion

If you require urgent cash, then you can consider getting an urgent cash loan. But, you need to make sure that you are using one of the most recommended lenders to make sure that you are going to get the best possible deal.



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