Online Personal Loans In South Africa

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Online personal loans in South Africa

Online personal loans in South Africa have become increasingly popular in recent years. The number of lenders providing such loans has multiplied at a fast rate, giving individuals access to a wide array of options.

RainFin is an online marketplace that enables individuals to borrow from and lend to each other through a safe and secure platform.

Launched in 2012, this lender has a vision to change the way in which borrowers access money – through innovative technology. Now partly owned by Barclays Africa, it offers a quick, safe and easy way to access funds and you can rely on the 100% transparent fee structure too.

The lender is able to tailor a loan to meet requirements you may have according to your needs and terms, so you can rest assured that you’ll get quality loan solutions.

Before applying for a loan from RainFin, you can confirm how much you can afford to pay through the income and expense calculator. You can then get funded in hours.

You can use technology to your advantage by gaining access to a vast array of lenders.

More providers of online personal loans in South Africa:

Izwe Loans

Offered on a fixed term basis, loans are provided based on individual affordability. The loan amount approved is proportional to the borrower’s current salary. AN NCR-registered institution, Izwe Loans has provided over R1 billion to more than 150 000 clients since inception.

Since opening its doors to the public in 2004, Izwe Loans has expanded to over 30 branches in South Africa. It also has operations in Zambia and Ghana. It continues to establish itself as a leading pan-African microfinance organisation.

Makanda Finance

Makanda Finance is a 100% South African company founded in 2010 by 3 entrepreneurs. Since inception, the institution has issued R6 million in loans. The institution aims to provide fast little personal loans quicker and cheaper. Offering the lowest interest rates as well as fixed payments, clients are offered quality services.

Makanda is a transparent institution, so applicants will know all associated fees upfront.

Fincheck

Fincheck is a leading online financial and loan comparison website. The institution gathers and organises all cost information from South Africa’s big banks as well as smaller micro lenders.

The platform is a leading provider of online personal loans in South Africa.

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