Find the best loan of South Africa

Compare the best loans of South Africa and find the lowest rate

Find the best loan of South Africa

Take Loanfin Loans Online Fast | Personal Loan Estimator

Loanfin is a relatively young company since it was founded in 2002. They have as their vision to serve all South Africans and offer them affordable and easy-to-access finance. Today we want to teach you how to take their loans fast, what loans you can find, and how to apply for them. Also, we wanted to show you how to compare different loan options and how to use a loan estimator. Finally, we will discuss a company that shares some characteristics with Loanfin.

How to Complete Loanfin Loan Application?

More and more companies are offering online services for their customers. On one hand, this is due to the fact that it is easier and more practical for people to do their transactions online, rather than going to a physical office. On the other hand, it is also more convenient for companies to offer these services on their webs rather than having a crowded office and a bigger staff.  

Loanfin understands this concept and lets you begin your loan application online. Before you can start you have to register with your personal information and a password. Then, you will have to confirm your account and start with your actual loan application. These are the documents you want to have with you to fill in the application:

  • Your ID (South African)
  • Your last salary receipt
  • Your last three bank statements showing your last three salary payments

Also, there are certain qualifying criteria you need to meet to ask for a Loanfin loan:

  • Being a citizen of South Africa
  • Being from 18 to 65 years old
  • Being at a permanent job for over six months
  • Earning more than R3 500 per month
  • Having a bank account where you receive your salary
  • Not being under credit review or administration

After you complete your online application, a Loanfin staff member will contact you to wrap up your loan request process and let you know if your application has been accepted or not. Please, bear in mind that you will not be able to use a friend’s or a relative’s bank account to receive your loan. The bank account has to be under your name and has to be the one you use to receive your salary.

How much can I borrow with a Loanfin Personal Loan?

In South Africa, there are various credit lending providers: from well-established banks to online credit financing platforms. Loanfin is a company that is fully committed to offering accessible loans for everybody. Their goal is that all South Africans with a steady job can count on their help.

With Loanfin you can borrow up to three thousand rands and you can pay it back in one, two or three installments. There are no long-term loans available on their online platform: if you want this service, you should go to one of their offices. If you are looking for a loan to be paid out in more than a year or if you are looking to borrow higher amounts of money, and you want to do it online, you should consider asking for a personal loan in another company

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For instance, at Absa Bank, you can request a loan for up to R350 000 with a repayment term of 84 months. To be able to ask for this loan, you have to be a resident of South Africa, of legal age, and earn over R2 000. Another option can be Virgin Money. This company offers personal loans ranging from R80 000 to R250 000 that you can repay over 1 to 84 months.

If you would like to know what the best options for personal loans are in South Africa, you are invited to check out our loan calculator. Thanks to this instrument you will get to know the different loans offered by several credit lending companies in our country.

Is there a Loanfin Branch in Pinetown?

Pinetown is a relatively small city; however, it has over a hundred inhabitants who, just like any other resident of our country, might need finance. Loanfin’s main office is in Durban, but they have twenty-two branches, and one of them is located at Pinetown. You can still apply to their loans online, as we explained above, but, if for any reason, you need to go talk to their staff in person, you can do so.  

What are Loanfin Pietermaritzburg Business Hours and How Long does it Take for Loanfin to Approve my Loan?

After you submit all the documentation, Loanfin will start checking your credit profile and affordability. This might take them from 24 to 48 hours. However, this period might be extended if, for instance, you forgot to send them a document.

If you live in Pietermaritzburg and wish to meet a consultant in person, you can go to their Loanfin branch in that city from Monday through Friday from 8 a.m. to 5 p.m. and on Saturdays from 8 a.m. till 1 p.m. Their office is closed on Sunday.

What are Metrofin Contact Details?

Metrofin is a loan provider that has been expanding all over South Africa. They are praised for the quality of their services and trustworthiness. They offer short-term loans; however, they do not have an online application. If you want to take a loan at Metrofin you should go to the nearest branch with your ID, your latest payment receipt, and the latest bank statements (3). They have 23 branches in our country and their main office is in Pretoria. If you wish to contact them, you should call them on 082 330 0204 or write them an e-mail at online@metrofin.co.za. 

Loanfin is an excellent option if you’re in need of cash. Their short-term loans are easy and quick to process. In this text, we aimed at explaining their personal loan product. We wanted to let you know how to apply for this service and what information you need to provide them with. Also, we always try to give you other options. That’s why we discussed other companies such as Absa Bank, Virgin Money, and Metrofin. Moreover, we advised you to use our loan calculator so as to have an objective comparison of the different loan options available in South Africa

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Questions and answers

How to apply online?

Applying online with Loanfin can be quite easy. Take into account that the company is operating this way because of lockdown (they have twenty two branches that remain close now). In order to apply for a loan online, you will need the following: a salary pay slip, a bank stamp on your bank statements due of three months.

Are Loanfin loans payable in installments?

Yes! But, you can only choose up to three installments to pay a Loanin loan and, to borrow up to R3000. What you must keep in mind is that the longer you last on repaying the loan, the more expensive it will be. I’ll show you with a short example. If you ask R2500 to pay in just 30 days, you’ll have to repay R2975.75. On the other hand, if you extend the period to 3 instalments, the cost of the loan will be around R3410.07.

Can I obtain a quote?

Yes, try contacting the company

Can I pay in cash?

You can always pay with cash

How much money I need to pay each month?

Depends on the amount you have chosen

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