Simunye Cash Loans

Spotlight: Simunye Cash Loans;

Looking for Loan agency in Port Elizabeth?  Look no further because Simunye Cash Loans is there to offer you reliable and efficient cash loan wherever you need it, anytime anywhere.


Contact Simunye Cash Loans here;
Address: 42 Uitenhage Rd, Sydenham, Port Elizabeth, 6001
Phone: 041 485 1202


Cash Wise

Looking for quick cash loan in Port Elizabeth? Cash Wise a well known and reputable credit provider in Port
Elizabeth that offers reliable and efficient cash loan services ensuring compliance with standards set by the South African National Credit Act.

Contact Cash Wise here:
Address: 93 Govan Mbeki Ave, Port Elizabeth Central, Port Elizabeth, 6001
Phone: 041 585 5594



Booi Martin Cash Loans

Booi Martin Cash Loans
FOR:
Cash Loans;

Booi Martin Cash Loans is registered with NCR as credit provider that offers efficient and reliable cash loan services in Port Elizabeth.


Business Address:
Booi Martin Cash Loans Contact Details
71 Harebell St, Port Elizabeth
Tel: 041 481 0582


Umsuka Wemali loans

Looking for cash Loan in Roodepoort? Umsuka Wemali loans is a registered credit provider in Roodeport that offers reliable cash loan services. You can apply for a loan anytime, anywhere and anytime.

Contact Umsuka Wemali Finance Ltd
Physical Address: 104D Mimosa Road Heldekruin Roodepoort 1724 ,
Roodepoort – Johannesburg.
Telephone: 011 763 9000
Karabo Cash Loans
Atisa Finance Soweto



Types of Loans

Many types of loans are available, and its upon yourself to know what type of loan you are looking for when the time comes for you to borrow, either from bank or lending institutions. With a little bit if research before you borrow, you can make a wise and informed decision. In summary there are personal and home loans to vehicle finance and student loans.

Personal Loans

This type of loan is Ideal for people who want to use it for holiday or some much-needed home renovations, or even for a wedding. Your bank or lending Company will assist and help you determine your loan’s conditions – loan amount, interest rate, monthly repayments and your loan’s term – based on your personal information and requirements.
Personal loans – unsecured loans, which means you’re not putting collateral like a home or car on the line in case you default on your loan.

Home Loans

This loan is offered for people who want to build their first house of buying a new house of even additional property. Home Loan can help you secure your dream home’s financing. Your borrowing amount depends on your monthly income (before tax) and your monthly expenses – you can work this out using your bank’s home loan calculator or the home loan financing Company.

Pension-Backed Housing Loans

A pension-backed housing loan is an alternative form of housing finance where your loan is secured by your retirement’s saving instead of a bond. Monthly instalments are usually enabled by your employer through your monthly salary, and your maximum loan term is 30 years, or the length of time to your retirement.

Vehicle Loans / Car Finance

If you’re in need of some extra cash to buy a new set of wheels, consider Vehicle Finance. Once you’ve found the car you want and have chosen your financing option, you’ll generally have over 12-months to five years, or more, to repay your loan.

Student Loans

And finally, don’t let a lack of funds stop you from fulfilling your career goals. A Student Loan will cover any educational costs, giving you the comfort of knowing funds are available for all your studying dreams.

Debt Consolidation Loans

This loan is meant to simply your loans, by paying  off all or several of your outstanding debts, particularly credit card debt. It means fewer monthly payments and lower interest rates. Consolidation loans are typically in the form of second mortgages or personal loans.

Auto Loans

Like Home Loans, auto loans are tied to your property. They can help you afford a vehicle, but you risk losing the car if you miss payments. This type of loan may be distributed by a bank or by the car dealership directly but you should understand that while loans from the dealership may be more convenient, they often carry higher interest rates and ultimately cost more overall.

Loans for Veterans

The Department of Veterans Affairs (VA) has lending programs available to veterans and their families. With a VA-backed home loan, money does not come directly from the administration. Instead, the VA acts as a co-signer and effectively vouches for you, helping you earn higher loan amounts with lower interest rates.

Small Business Loans

Small business loans are granted to entrepreneurs and aspiring entrepreneurs to help them start or expand a business. The best source of small business loans is the U.S. Small Business Administration (SBA), which offers a variety of options depending on each business’s needs.

Payday Loans

Payday loans are short-term, high-interest loans designed to bridge the gap from one paycheck to the next, used predominantly by repeat borrowers living paycheck to paycheck. The government strongly discourages consumers from taking out payday loans because of their high costs and interest rates.


Cash Advances

A cash advance is a short-term loan against your credit card. Instead of using the credit card to make a purchase or pay for a service, you bring it to a bank or ATM and receive cash to be used for whatever purpose you need. Cash advances also are available by writing a check to payday lenders.
Whichever loan you’re interested in, research as much as you can before making any final decisions. And always try to pay back your loan as soon as possible to avoid excessive interest rates and monthly repayments.

Source: standardbank.co.za and debt.org


How Loan Works – South Africa

Before you decide to borrow a loan there are certain factors which you need bear in mind.
You should carefully consider whether its the right decision for you. Borrowing means that you are being offered money which will have to be paid back and with interest.
Failure to pay failure can result to legal action being taken against you by the lender, if you violate the ledning terms and conditions.

Applying for a Loan

After deciding you wan a loan, approach a lender – either in person on online. Majority of lenders have an online application process which is quick and fast. No Queue, no paperwork and hassle free. A lender may be your bank, credit company, peer to peer lending companies or mortgage brokers

After submitting your details, the lending company will then go through you application to decide whether you qualify for the loan on not. If you qualify , you get approved for the amount you applied for. Money is sent to your account, after that you start paying your loan installments per terms and conditions agreed upon.

Lets look at types of loans