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A personal loan can be either on a short or long term basis and approval is based upon affordability regardless of what you need the money for. Need to borrow some mone? View the list of personal loan providers listed here and get approval within minutes. Find out if it is possible to get a loan with a bad credit history or for those who have been blacklisted.
Personal loans in South Africa mean you have the option to choose between various different loans including:
- Short Term Loans
- Long Term Loans
- Payday Loans
A short term loan can come in handy for those emergencies that can happen to anyone of us and you don’t want to be bound for a long period of time.
Long Term Loans are more for those planning to borrow a larger amount of money over a longer period of time thus giving you enough breathing room when it comes to repayments.
Payday Loans can come in real handy of you need cash and need it FAST. We have all been there… there was something we just could not wait to buy, a car breaking down and you simply cannot wait until your next salary. With payday loans you are able to borrow money against your next salary thus there are no monthly instalments and if using a professional micro finance firm you will be sure that they will not lend you more than what you can afford to pay back without having to borrow again the next month.
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