Personal Loans

If you are looking for a personal loan then you have come to the right place. These days it isn’t always easy to obtain credit especially if you have a poor credit rating. However there are options available, banks are not the only establishments which can lend money. Personal loans are generally unsecured loan of relatively small sums of money. If you have a good credit rating you are most likely to get a personal loan from your bank but if your bank refuse you credit then you will need to look elsewhere. Use the table below to compare personal loans. Consider how much interest they charge and what sort of fees they have. Think about how much you want to borrow and who can offer you the best deal. It is very important that you read the terms and conditions of the company you want to borrow from to make sure that you understand your financial obligations.

Search Report: Personal Loans  Unsecured Loans  Secured Loans

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COMPANYTYPE

TYPE

Lender / Broker

INTEREST RATE

INTEREST RATE

The Interest rate on the loan

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

SECURED LOAN

SECURED LOAN

Loans secured with an asset

UNSECURED LOAN

UNSECURED LOAN

Loans which are not secured with an asset

MORE INFO

Wonga
Wonga

Lender60% per annum; 5% per month or 0.164% per dayR100 - R20001 day30 daysTerms

Terms

South African ID number,over 18 years, employed and a bank account in your name

Suitable For

Suitable

For those seeking a short term financial solution to a short term cashflow problem

Restrictions

Restrictions

You must be employed and have a South African ID number in order to qualify. You must be over 18 years old and have a bank account in your name

NoYesWonga
Applying for a Wonga loan is simple. There’s no cheesy hold music to endure, because our unique service is 100% online from start to finish. Just use the sliders on the home page to decide exactly how much cash you want to borrow and how many days you need it for. We'll show you the full cost upfront and once you're happy with the terms, just click “apply”. We'll then ask you for some personal details for our super-speedy credit check; and your banking details. DETAIL INFORMATION >>Services

Services

Short term credit provider


Advantages

Advantages

1. Quick and easy application
2. Instant decision 24/7
3. No hidden charges
4. Completely secure
6. No branch visits or meetings with the bank manager
5. The first 3 days are interest free


Disadvantages

Disadvantages

1. Our service has an annual interest rate of 60%, in line with the regulations set out in the NCA, But remember a Wonga loan is only for between one day and a month – so actually you’re paying just 0.164% interest a day 

2. Wonga.com doesn’t believe in hitting you with ongoing and multiple charges, like most traditional lenders, but interest and service fees will continue to mount on your balance if you do not repay your loan on your chosen date. You can repay your loan early though, and you might even be able to save some money that way.. 
3. The Service fee we charge is R50 per month plus 14% VAT, as prescribed by the NCA

Get Bucks
Get

Broker5% per monthR500-R40007 days45 daysTerms

Terms

You must have a Bank Account and be a South African resident

Suitable For

Suitable

For South African residents with all credit backgrounds looking for a solution to a short term cash flow problem

Restrictions

Restrictions

You must have a Bank Account and be a South African resident

NoYesGet Bucks
Get Bucks, Advance Your Payday Now. Get Bucks is a South African registered lender, with one twist - it’s online and it’s fast. When we say it’s all done in an hour, it includes the cash in your account*. We are not about giving you money to buy a house, a boat or even the latest flat screen TV. We're about instant cash to sort out life's little issues. There are no hidden costs! DETAIL INFORMATION >>Services

Services

Payday Loan Lender


Loan example: Borrow R500 for 7 days, charges= R198.65, Total Repayment= R698.65


Advantages

Advantages

1. Borrow any amount between R500-R4000

2. Pick how many days you want to borrow the money for, with a maximum term of 45 days.
3. Once you are happy with everything, complete the rest of the application steps that should not take more than 10 minutes
4. Get answers quick, usually within the hour
5. Loans Paid out under 60 minutes!
6. Money debited out of your account on the day you have chosen, making the process a simple one.
7. Want more answers? Make use of their helpful website with Sype Calls and live chat 8. The loan and all fees, costs and charges are reflected upon application. What you see, is what you get.


Disadvantages

Disadvantages

1. There is an initiation charge for each loan to cover the service delivery promise of being effective and fast

2. Furthermore, there is an interest rate of 5% per month that is levied against the initial loan amount and fees.
3. Also included in the repayment is a daily admin rate and collection fee.

SA Personal Loans
SA

BrokerVariesR500 – R15000VariesVariesTerms

Terms

See website fro details

Suitable For

Suitable

For individuals looking for a fast cash loan of up to R15000

Restrictions

Restrictions

Not available if you are self employed

NoYesSA Personal Loans
You need a quick and easy loan? Then SA Personal Loans are the right people for you as they will do all the work for you to find the loan which suits you best. The application is easy and you will get an answer on the same day. Benefit from easy repayments, fair conditions, and excellent service and apply now! DETAIL INFORMATION >>Services

Services

Loan Broker


Advantages

Advantages

1.Discreet – no one has to know you applied
2.Same day approval
3.Easy online application


Disadvantages

Disadvantages

Not much information provideid before application

If you wish to speak to someone: Contact Us

Compare Personal Loans

Shop around before applying for personal loans

If you are looking for credit a personal loan isn’t necessarily your best option. You may be better off looking into an authorised overdraft or it may even be better to get yourself a credit card. Of course these options are only going to be available to you if you have a good credit history. If a personal loan is your only option there are a few things you can do to keep costs down. Some people argue that you are better off borrowing more money as the interest charged for larger sums is often less than on smaller amounts of money. However, realistically the less money you borrow with a personal loan the less you will need to pay back. Work out exactly how much money you need to borrow and keep it to a minimum. Then look around for the best rates on personal loans. Work out what your interest payments will be and how much you will have to pay back each month.

Personal loans can get you the credit you need

It has become increasingly difficult to borrow money but there are still options available. However, if it is not absolutely necessary to borrow money then you might be wise to avoid debt where you can. If it is absolutely necessary for you to borrow money then a personal loan may be worth looking into. Personal loans are for the most part unsecured loans which means that you don’t have to use an asset such as your home to secure the loan. ‘Personal loan’ is an umbrella term covering loans from bank loans to other loans which are available to people with bad credit. Personal loans from the banks are probably the most common form of personal loan. However, there are personal loans available for people with bad credit as well. On this site we compare, secured loans, unsecured loans, payday loans, bad credit loans and many more.

Pay the loan back on time!

Make sure you can afford the payments because if you can’t it is not worth borrowing. You will damage your credit rating and potentially face expensive fees and charges if the loan cannot be repaid. It is very important that you read the terms and condition of any loan you are interested in carefully to ensure that you fully understand your financial obligations.

Personal Loans versus Credit Cards

With a personal loan you can borrow up to R150,000 and you know how long you are borrowing for and the repayment cost each month, However, in general, borrowing on the cheapest credit cards more often than not undercuts the cheapest loans; meaning you should research this as a potential option first. Remember, if you do not think you will be able to make the repayments every month then it might not necessarily be cheaper. Look out for any credit card introductory offers or balance transfer offers if you are already in credit card debt. If you are in any doubt then you should seek independent financial advice.

Personal Loans - Latest News News and Charts

Access to personal loans on the rise and people borrowing at a high

21 January 2014
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Financial advisers warn that households are overburdened with debt with more people borrowing personal loans at a high

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20 December 2013
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There has been a large increase in the number of students applying for student loan finance as young people commit to further education

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Why a bad credit loan can be right for you

06 May 2013
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People who have been refused for a loan can still apply for a bad credit loan

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Payday loans – the ideal solution for urgent cash needs

03 April 2013
James Larkin

For people who have been turned away by their bank because they have the bad credit history it can mean a problem if cash is urgently needed in the event of an unexpected financial emergency. The necessary repair for being able to work, a medical problem which is not insured – there are plenty of reasons why money is needed just for a short term.

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How to finance a car with a bad credit

07 March 2013
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People who have a bad credit history, and have been refused for a loan, think they cannot have a car as a result of this – but the reality is that it has become easier to still be able to find car finance even if you think you have been blacklisted.

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