Cash Loans In Durban, Simple As 1, 2, Click

by | Articles

Acquiring personal loans has certainly become quite easy. Not too long ago this could be dismissed as farfetched, but with today’s advancement in technology, one no longer has to physically enter a bank to enjoy this service. Loans can be researched and processed from anywhere. Yes, with the simple click of a button and a few easy steps cash will be made available. Technology now enables applicants to access online application forms and submit required information to consultants who will in turn ensure that cash is accessible within 24 hours. The facilitator ensures your application is complete and motivated appropriately in order to maximize chances of a successful application – the first time. This phenomenon has also seen cash loans in Durban become even more accessible. Durbanites or South Africans for that matter need not struggle; when finances are short, you can access a cash loan easily – with privacy and convenience. Whether you need cash to fix up an appliance, square off a lingering account or repair your car, loans in Durban are easy to obtain, in fact as simple as 1, 2, click. For that emergency situation, you can get an affordable cash loan within a day. With easily accessible cash loans, you are saved from exhausting trips to the bank, waiting in queues, telephone calls to the bank and ongoing faxes of required documents, amongst other detailed requirements. All it takes to access loans in Durban is simply uploading the minimum requirements online; typically this includes your latest pay slip, copy of ID Document and three months bank statement. Financial needs are likely to arise, whether...

Best practices regarding micro lending

by | Articles

Micro lending has become a welcome solution for those who cannot secure a loan elsewhere due to bad credit rating and irregular instalment payments. This involves small scale lending of money to people who need money for various needs including paying school fees, buying supplies and other personal or pressing needs. Micro-lending is regulated by the Micro Finance Regulatory Council (MFRC). It is much easier to secure a loan through micro-lending due to the flexible criteria; however when handled incorrectly, it can be a major source of headache! What to do when you apply for a micro-loan When obtaining a micro-finance loan it is important to ensure you receive a copy of the contract or loan agreement signed. Your contract will stipulate all costs and charges, including the amount borrowed, the total interest and the total amount to be repaid in terms of the loan. The contract must also document the services charges, the repayment period, the nature and amount of insurance to be paid, the name of the insurer and the number of instalments to be made. It is the borrower’s right to demand a copy of this contract and the lender is also legally bound to furnish him or her with this document. Before choosing a micro lender, another essential best practice involves comparing interest rates from different micro lenders, and to enquire how interest is calculated. You are also permitted to cancel the contract and return the money within three days, should you feel that your decision and, or the deal structure was unsound. Most borrowers aren’t aware of this exit clause. Of-course engaging a trustworthy...