Payday loans are forms of finance that can be obtained from a variety of lenders. In South Africa, the growing micro finance sector has various lenders that offer this particular service. The sector also has a considerable number of loan originators that specialise in helping applicants search for ideal loan solutions.
While some individuals may approach these institutions due to time-constraints and the hope that they will get lower interest rates, other people simply opt for getting loans from direct lenders.
Direct lenders of payday loans in South Africa include the likes of Wanna Loan, Wonga and Little Loans.
Little Loans:
This is a direct lender that specialises in providing loans between R500 and R2500. It is a payday loan provider that offers its transparent processes. There are no hidden costs involved. Once approved, clients can expect to get instant cash which will help them meet their short term financial needs faster.
Wanna Loan:
This payday loan provider has had considerable success in South Africa as well as the UK. Offering a fast, paperless application process, the lender promises quick and convenient service.
What are the benefits of applying for payday loans from direct lenders only?
When you’re looking for a loan, chances are that you need access to the funds quite urgently. Direct lenders offer the advantage of being able to approve approvals fast. By approaching a direct lender, you don’t have to wait for a loan originator to search for a loan.
Direct lenders often have simple qualifying criteria.
Application processes are also simplified, so applicants can send their documents to lenders directly. This will help to ensure that once individuals are assessed and approved, the pay out of the loan amount will be faster.
When searching for payday loans from direct lenders, ensure that you apply to NCR-registered institutions.
