Sometimes, your monthly income is not sufficient for covering all of your expenses. Many people in South Africa are in the same situation due to the higher increase in prices compared to the increase in salaries.
And even sometimes when we plan life to the tee, sometimes life just doesn’t work out as planned. Just as when we budget our finances just sometimes will not balance out. And you find yourself short of a couple of bucks just before the end of the month and the long-awaited pay check.
Need a loan with fast approval no problem as there’s payday loans. It’s a short borrowing option where a lender lends you the cash hassle free, just when you need it and without long term commitments.
The payday short term loan is characterised by being repayable within 30 days on your next payday. Generally for amounts of less than R2 500, and don’t require any collateral. In fact all you need is an SA ID and bank account and five minutes to fill out the online application form. If approved, the money will be in your bank account within 24 hours of application.
The ideal scenario for payday loans is to fund unexpected additional expenditure where non-payment could result in severe penalties. Such as not paying towards your credit card payments or if your phone bill is much bigger than you had expected, you could find you’re left with a choice of defaulting on the debt.
As long as you’re confident you can afford to repay it the next month. A payday loan is preferable to failing to pay and adding a black mark to your credit record.
And with that said here are a few options of payday loans to consider loaning these…
