Loans in Johannesburg, Gauteng

        Loans in Johannesburg, Gauteng

Loans in Johannesburg, Gauteng come in multitudes of services. With some loans, getting approved is almost straightforward – while with other loans, getting approved is easier than done.

R250 000
Loan amount R10 000 - R250 000
Interest 15 %
Maturity 7 - 72 months

FNB

FNB  3
R300 000
Loan amount R1 000 - R300 000
Interest 13 %
Maturity 1 - 60 months

RCS

RCS  4
R250 000
Loan amount R2 000 - R250 000
Interest 15 %
Maturity 12 - 60 months
R250 000
Loan amount R10 000 - R250 000
Interest 12,9 %
Maturity 1 - 84 months
R250 000
Loan amount R3 000 - R250 000
Interest 32 %
Maturity 1 – 36 months
R50 000
Loan amount R500 - R50 000
Interest 10 %
Maturity 1 – 24 months
R75 000
Loan amount R1 000 - R75 000
Interest 10 %
Maturity 12 - 60 months
R4 000
Loan amount R100 - R4 000
Interest 5 %
Maturity 1 – 31 days
R2 500
Loan amount R500 - R2 500
Interest 20 %
Maturity 1 - 3 months
R250 000
Loan amount R10 000 - R250 000
Interest 27,5 %
Maturity 12 - 72 months
R8 000
Loan amount R0 - R8 000
Interest 3 %
Maturity 1 – 6 months

        Loans in Johannesburg, Gauteng

The Rise of Unsecured loans

Hundreds if not thousands of loan services offered in South Africa are Unsecured loans, catering to a large customer base in need of credit to sustain their lifestyles. According to the NCR Consumer Report, unsecured credit has outgrown all other credit forms in South Africa – by over 15% growth.

Unsecured loans don’t require the borrower to guarantee payment of the loan with collateral. As long as you have a stable income source, plus the necessary documents where applicable, finding where to apply for the loan is the harder part.

Type of Unsecured loans in Johannesburg, Gauteng

If you’re in Johannesburg, Gauteng, you can apply for the following types of unsecured loans:

Where to borrow an unsecured loan in Johannesburg, Gauteng

Here are a few places to shop for a payday loan, personal loan or an urgent cash loan:

  1. ABSA Bank – Get a personal loan ranging between R15,000 and R350K. Repayment period varies between 12 months to 84 months.
  2. GSM Financial services – they offer cash loans with repayment of up to 6 months.
  3. Hikona Cash loan – Apply for instant personal loans.
  4. Dumolwakhe Cash loans – They offer both payday loans and cash loans.
  5. Elite small cash loans – Apply for personal loans.
  6. Wen cash loans – Apply for both payday loans and personal loans.
  7. Sunny Wire cash loans – They provide cash loans in form of payday loans or personal loans.
  8. Millenium loan services – Get a personal loan or payday loan starting at 25% interest rates.
  9. Prick & Ach Microfinance – Apply for both payday loans and personal loans.

What you need to qualify for a loan in Johannesburg, Gauteng

Now that you know which kind of loans to apply and where to look for starters, be sure to meet the following requirements:

N/B: the requirements will vary depending on the nature of the loan.

Final Thoughts

With the numerous loan services offered in Johannesburg, Gauteng, narrowing down to one specific lender is the tricky part. You could be interested in a personal loan but then you have bad credit or you have a limited credit profile. In such a case,It’s hard to get a bank to approve you for a loan.

You could find that a payday loan isn’t an alternative because of the costly fees. As you search harder, you could find that your best alternative is to go for peer-to-peer loans. Bottom line is - your loan needs, credit worthiness, and loan affordability are critical factors in determining where you’ll shop for a loan, and type of loan you’ll secure. 


Loans in Johannesburg, Gauteng rating: 4.5/5 from 154 votes.
Lincoln Ndirangu 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...

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