Calculate Interest Rates | Cash Crusaders Loans | How to pay less
As difficult as it might seem, getting funds to pay for that dreamed vacation or that new computer can be easier than what you think. It all comes down to how well-informed are you about loan companies and loan options. Each credit option may refer to different types of purchase and may ask different requirements. In this opportunity, I want to expand on loans at Cash Crusaders so as to help you find out if they can be your loan entity.
Can I borrow money from Cash Crusaders?
Cash Crusaders is known in South Africa for offering different kinds of financial operations. One of them, of course, is lending money. But their loans are not the typical loans for which you are asked to meet difficult requirements and present an endless number of documents that result in a lot of obstacles to get your money borrowed. We know banks always ask their applicants to prove their income, but what if you are not paid through a bank account or you’re an independent worker? Well, this company decided to be the helping hand many South Africans in this situation need, and they decided to offer pawn loans. These loans are granted against an item of value the applicant possesses. Although each loan contract will surely have specific terms and conditions, I will explain how is the procedure to take a loan at Cash Crusaders to ease the path to your funds.
How does a Payday Loan against goods work at Cash Crusaders in SA?
Now you understand the type of loan company Cash Crusaders is we can move forward to their loan process and their characteristics. As I said, the principal characteristic of these loans is that they require the borrower to have an asset as security of the money borrowed. Because of this, you can get your funds faster than with any other company or bank.
All the same, you need to know what does it mean to have an object as security for a loan. It means that Cash Crusaders will be in possession of that item until you repay the loan. So, you need to leave a valuable you can manage without for as long as the loan lasts. A second essential feature of these loans you need to be aware of is that they are payday loans, which means the repayment term is short. In just 30 days you are going to have to give the money back plus fees and interest charged. If not, and this is the hardest part, Cash Crusaders will be allowed to sell your item as payback of the money they loaned you.
Can I apply online for a loan at Cash Crusaders?
We all know nowadays everything is carried out through internet. There’s almost no company not working online. Clearly, Cash Crusaders is not an exception and you can start the loan process online. However, as the procedure involves you dropping off your possession, you will have to finish the transaction in person.
These are the steps Cash Crusaders take to issue a loan:
Once you request the loan amount, they go over your asset’s features to decide is the amount you asked matches the value of your object.
After that assessment, you will get your loan offer. This means, they’ll inform you about costs and fees.
If you think it’s a reasonable deal, you can go to their branch to take your loan and leave your valuable.
After you complete those steps, all you need to do is repaying the loan within 30 days to have your object back and move on with your life.
As simple as that, you can have your money to spend the way you want. Clearly, Cash Crusaders has accomplished to offer South African quick hassle-free loans.
How does Interest Rate affect my Cash Crusaders loan?
Ok, we have covered the main characteristics of Cash Crusaders loans, but, I’m sure by now you’re wondering about the cost of these payday loans. Undoubtedly, the overall terms of your loan and your credit history will state the interest rate you’ll need to pay for your loan. To show you an example, let’s imagine you need R 5600 and your interest rate translates into R289 together with fees charged to grant the loan. To those numbers, you should add the initiation and the Service fees. Having all this information at hand, you might have to repay Cash Crusaders R6657 to have your object back.
How do I know if Cash Crusaders loan cost is reasonable?
There’s an easy to use tool you can take advantage of to understand how much should you pay for a loan. We can offer you our online loan simulator which will give you a clear sense of your loan payment. The best advantage is that you’ll get several loan offers from different bank which, clearly, will show you which is cheapest and which is the most expensive. By using it, you can compare your options before deciding on your loan entity. What’s more, you might even realize it will be better to take a personal loan instead of a pawn loan.
Cash Crusaders Loan Contact Details
Before ending this article, I want to focus briefly on Cash Crusaders contact information. To start, there are many offices around the country to make you easy to approach them. Some of them are in Gauteng and Western Cape, for instance. As each branch has their own phone number, I’ll give a couple of options. In Cape Town, you can call to 0213720099. In Port Elizabeth, the number is 0413977100. Remember, you can find the branch in your city and call them.
As making the right decision about a loan depends entirely on your specific situation, I can’t finish this article without advising you to think carefully about all your alternatives. I truly believe if you’re fully informed, you’ll make the smartest decision. So, you might want to read about other companies like for example Cash Converters.
Questions and answers
Can I sell an item if I'm not a South African citizen ?
If you are in need of selling an item to get a quotation with Cash Crusaders, there are only three main requirements that must be attained. You need to be twenty one years old or older, your items need to be paid off and they also need to be in working condition for you to receive quotes.
My phone is working but it got cracked. Can you take it? Samsung j5 pro
Cash Crusaders enables clients to sell an item that they have in exchange for a secured loan. Buyers will negotiate for you, that is, they will determine the value of the Samsung j5 pro so that you can get a loan at a particular amount. Take into account that if you cell phone is cracked, the value may be lower.
I want a loan of R1600. I am owning a Samsung A30 still new and I've been using it for 5 months, so do I qualify?
You can qualify for loans of R1600 at Cash Crusaders. The amount ranges between R 1000 and R15000. You should let the company know about your item (Samsung) and then finish the submission. On your behalf, online buyers at Cash Crusaders will negotiate the deal and you will be given thirty days to repay the amount of the loan.
How much can I ask?
Cash Crusaders allows their clients to ask a maximum amount of R15000. Remember the loan quote starts on R1000.
Is there any way I can extend the loan more than 30 days?
Unfortunately, you can’t. 30 days is the top term this company offers. You can repay it earlier but not later than a month.
If I present pays lips, can I get a higher loan?
No, as Cash Crusaders only refers to your item of value, your monthly income won’t be taken into consideration when processing your petition.
Once I calculated my quote, it was much simpler to choose my company. Thanks!
Your articles help me understand everything about loans. Really useful.
Pawn loans are an easy way to be financed.