Compare the best loans of South Africa and find the lowest rate
Have you been considering the chance to apply for a loan and use the funds to improve your financial status significantly? Do you want to consolidate all your debts in a matter of days or even better, just in a matter of minutes? If the answer to any of these questions is a yes, then let me tell you that all you have imagined can be incredibly possible and achieved without difficulties. If you live in the province of Free State and you wonder which are the most reliable and convenient companies that are at your disposal when it comes to loans and other financial services, in this article I will not only refer to that information but also I will refer to some important data that can be useful if you are considering to take out a loan in Free State, South Africa. Let’s begin by taking a look at some of the most frequent doubts and worries that you may have at the moment you decide to apply for a loan.
How long does it take to get approved for a loan?
Well, in most cases, the time it takes to get a loan approval depends on the financial institution you are doing business with. There are some companies that approve your loan in just a few minutes and there are others that require that you present some supporting documentation which demands more time to be processed. Generally, the institutions that grant you a loan the fastest are the ones that allow applicants to apply for it online. Normally, the loan approval can take up to 72 hours, the funding process is what takes a little bit longer. As a whole, it can be said that the whole process can take up to seven days.
How much money can you get out of a loan?
Once more, the loan amount varies according to these two factors: the financial entity you are working with and the loan type you have decided it’s best for you. The loan types available in the market are personal loans, student loans, mortgages, auto loans, payday loans, installment loans, among others. So that you have an idea, personal loan amounts typically go from $2,000 up to $50,000, but still, there are lenders that provide you with bigger amounts. Take into consideration that if you have in mind to apply for higher amounts of money, then it is essential that you comply with some requirements, such as having a good credit history and the ability to repay your loan without major problems.
What is a good reason to get a personal loan?
Personal loans are perfect if you need money to pay off your debts and bills, or if you need money to cover unexpected expenses. Life events are unpredictable and you never know when you will need extra cash to help you cope with the costs and charges of hard times. Another good reason to apply for a personal loan is that once it is approved, the money you get is electronically deposited so that you can spend it on whatever you want. Some borrowers ask you what the reason for taking a personal loan is just to estimate how much money you need to cover your expenses. Although you have the chance to provide a loan amount that you consider appropriate for you, the company has the final word and it decides the final amount that will be granted to you.
Now so that you have an idea of some companies that operate in Free State, I will refer to two institutions that will allow you to have access to loan financing. The names of the companies are Letsatsi Finance and Loan and Standard Bank. Let’s explore some outstanding features and services of each company.
- Financing products that are affordable for all South Africans.
- Focused on helping customers to reach better living conditions by providing them with the tools to improve their financial circumstances.
- A strong set of values that go together with the attention they devote to each clients’ needs.
- Customer satisfaction is what encourages them to go beyond the limits and what motivates them to provide the best advisory assistance in the market.
- Availability is another characteristic of this financial entity. You will be able to find it in about 9 provinces around South Africa.
- In Free State, there are branches located in Bloemfontein, Welkom, Kroonstad, and Qwa Qwa 2.
- It offers one-month loans, short-term loans, long-term loans, and debt consolidation.
- It not only offers loan financing but also banking and insurance services. You can save and invest at the same time.
- Apart from traditional loans such as personal loans and credit cards, to mention just a few, it also offers car financing and home loans.
- A wide variety of loan calculators available online.
- Expert guidance and accessible educational resources at hand that serves as a guide to help you organize your movements.
- If you are an entrepreneur or business people then it is a good alternative for those type of customers, too. It also has a section entitles “business solutions” which can help you think outside the box, take realistic chances and innovate. Corporates and Institutions are welcomed as well.
In case you want to go in depth on any of these topics I invite you to continue reading other articles in this site that focus on discussing more in detail the two financial options that I have mentioned before. It is always advisable that you be as informed as possible so that you can rely on the decisions you make without doubting yourself.
Take into consideration that there are many more loan financing options around South Africa and that most of them grant loans via online. This also facilitates the whole application process as it saves time and avoids unnecessary paperwork which sometimes can be exhausting.