There may be many reasons why you need a cash loan, and this is usually to cover unexpected expenses such as medical bills, home improvement, or even car repairs. Instead of going to the bank to take out a large personal loan you can make use of a smaller instant loan such as Boodle.
Boodle loans SA offers instant cash loans to qualified individuals. The application process is very easy and you can borrow an amount up to R2,500 and three pages over period of up to 32 days. The longer your repayment period the more interest and fees. You will play but this is a great option for someone who needs instant cash for short period of time.
The application process is easy and it takes only five steps to be approved. The first step requires you to enter your basic details, the second step requires some more detailed background information, the third step will determine affordability, the fourth step will include a summary, and the fifth step will provide you with your quote. If you accept, cash will be paid into your bank account immediately.
As an example, if you choose to borrow R2,500 and repay it in 32 days, the total repayment will be R3,044.18. Of this amount, R544.18 is interests and fees. There is a very handy calculator available on the website where you can calculate how much you will need to repay based on the amount you borrow and the length of time you take to repay the loan.
With Boodle you will also receive a ranking and an overall credit rating, which will count towards your benefit if you have to borrow more money in the future. If you have a good payment record you can borrow as much as R8,000 at a time.