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Instant Payday Loans no Paperwork South Africa
When an emergency strikes, and you are low on funds, an instant payday loan with no paperwork may just be the right option for you. You have probably found yourself in a situation where you have run out of cash, and your options of getting some cash are slim. Getting a quick loan seems like a sound move when caught up in such a situation. Even so, some loans will probably take days to be approved. Plus, you will most likely need to have particular documentation to get approved with some financial lenders.
Introducing Instant Payday Loans with no Paperwork for Salaried People, South Africa
But not with instant payday loans. Instant payday loans are unique compared to other financial products lenders offer consumers.
Why you may turn to instant payday loans
Let’s say you find yourself in peculiar situation, where you need quick cash. But, you probably don’t want to go through the rigorous waiting process or even be involved with heavy paperwork. The emergency can be anything. It could be you want to raise cash for a hospital fund; you want to service your car, or simply, your rent is overdue. In any case, if you get caught up in such a scenario, applying for an instant payday will give you peace of mind.
Instant payday loans come with several advantages. Let’s explore a few of them:
- Access the loans with ease. Because you don’t have to provide any paperwork, these instant payday loans are processed within a few hours after application. Your loan could be available for use within five minutes or an hour after you have submitted your application.
- Fewer or no paperwork at all. The fact that you don’t need paperwork with these loans is the major selling point. You don’t need to provide heavy paper work like a photo ID, a detailed proof of income or even a...
- No Credit history check. Another advantage of payday loans is that the lender does not check your credit history. Lenders can approve your payday loan without doing a hard inquiry on your credit history.
- You don’t need collateral. Unlike traditional loans like a home loan or an auto loan, you don’t need to provide a personal property as security for taking out the loan. Needless to say, you will need to give the lender access to your bank account. In case you default on payment, they can use a debt collector to pursue you.
But, prepare to pay high interest rates...
Most likely, the only reason you would hold you off from taking an instant payday loan is you are not comfortable with the high interest rates associated with the nature of such unsecured loans. You could pay interest rates ranging between 20% and 112%, depending on the lender.
What you need before you Apply for instant payday loans no paperwork
Like with most loan applications, there is a particular set of criteria you must meet before applying. The same goes with instant payday loans that need quick approval. Your lender outlines the requirements you need to fulfill before you apply for the loan. Before you apply for instant payday loans, a few of the requirements you must meet include:
- Be a South African Citizen.
- Be above 18 years of age.
- Have a registered bank account.
- Be employed.
- A valid email address and phone number.
Be keen on the payable fees
What to do now …
Are you having a small financial crisis that requires around R500 and R8,00? Apply for instant payday loans with no paperwork in South Africa with a financial lender of your choice. As long as you have some salary coming through the bank, you stand a good chance of getting approved with these instant payday loans.
Lincoln Ndirangu(LinkedIn)Lincoln Ndirangu is a professional freelance web copywriter based in Nairobi, Kenya. For over 7 years, writing for the web and engaging the online audience has been primary focus and passion.More information...