Personal loan interest rate comparison south africa

We remind that late payment or non-payment of your loan can have negative impact on your credit history. Some of the lenders in our network may automatically renew your short term loan if it becomes past due. This term is clearly identified in your loan agreement. You should check your loan agreement for your lender's policy on automatic loan renewal prior to e-signing it.

If your loan is renewed, there will be personal loan interest rate comparison south africa charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.

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Personal loan interest rate comparison south africa

Take out personal loan interest rate comparison south africa loan. Use a credit card cash advance: If you have a credit card and the account is in good standing, a cash advance is a much less expensive option than a payday loan. Youll pay a fee, typically around 5 of the amount you borrow, plus interest, which can be around 30.

Look for a payday alternative loan: Some credit unions offer small, short-term cash advances known as payday alternative loans. Federally chartered credit unions legally cant charge more than a 28 annual percentage rate on PALs. Thats not cheap, but its much better than payday loans, which have triple-digit APRs. Take out a personal loan: Some lenders can fund a personal loan in a day; if you have good credit, youll probably have many choices.

If your credit is a challenge, youll need to find a lender that not only delivers fast cash but also accepts poor credit. Rates for borrowers with bad credit from mainstream lenders top out at 36 APR.

Personal loan interest rate comparison south africa

With over 40 branches nationwide, and 13 years worth of experience in Micro Finance, Letsatsi Finance Loan offers a range of affordable financial products to greater South Africa. Letsatsi Finance provide short term and long term loans be it for pleasure or necessity while also offering you debt consolidation to be able to combine all your loans into 1. Short term loans 2 to 6 months Loans from R500 up to R8000. Long term loans 13, 24, 36 months Loans from R1000 up to R100 000.

Debt Consolidation 1 monthly installment Loans up to R100 000 1 to 36 months repayment period. Payday loan Loans up to R8 000 1 month repayment.

Personal loan interest rate comparison south africa