Urgent Cash Loans

        Urgent Cash Loans

Urgent cash loans lenders in South Africa can borrow money fast and with no big paperwork. They have lot of local branches to pick your cash personally.

R4 000
Loan amount R500 - R4 000
Interest 18,6 %
Maturity 4 days - 6 months
R250 000
Loan amount R1 000 - R250 000
Interest 20 %
Maturity 6 - 84 months
R150 000
Loan amount R1 000 - R150 000
Interest 10 %
Maturity 10 - 72 months
R250 000
Loan amount R1 000 - R250 000
Interest 15 %
Maturity 12 - 60 months
R3 000
Loan amount R1 000 - R3 000
Interest 3 %
Maturity 1 - 31 days
R150 000
Loan amount R1 000 - R150 000
Interest 10 %
Maturity 6 - 60 months
R3 000
Loan amount R1 000 - R3 000
Interest 28 %
Maturity 3 - 6 months
R80 000
Loan amount R2 000 - R80 000
Interest 10 %
Maturity 3 - 24 months
R150 000
Loan amount R500 - R150 000
Interest 12 %
Maturity 3 - 60 months
R200 000
Loan amount R100 - R200 000
Interest 10 %
Maturity 1 - 60 months
R500
Loan amount R100 - R500
Interest 16,5 %
Maturity 1 - 45 days
R75 000
Loan amount R2 000 - R75 000
Interest 10 %
Maturity 12 - 60 months
R250 000
Loan amount R1 000 - R250 000
Interest 27,75 %
Maturity 12 - 60 months
R9 000
Loan amount R300 - R9 000
Interest 0 %
Maturity 4 - 65 days
R2 500
Loan amount R100 - R2 500
Interest 36 %
Maturity 30 - 60 days
R20 000
Loan amount R500 - R20 000
Interest 17 %
Maturity 1 - 90 days
R250 000
Loan amount R10 000 - R250 000
Interest 12,9 %
Maturity 1 - 84 months
R300 000
Loan amount R500 - R300 000
Interest 5 %
Maturity 1 - 7 years
R10 000
Loan amount R100 - R10 000
Interest 12 %
Maturity 1 - 12 months
R8 000
Loan amount R100 - R8 000
Interest 0,17 %
Maturity 1 - 6 months

        Urgent Cash Loans

How long does it take to get a loan from a bank? You don’t always have the luxury of time, especially since it’s never a guarantee that you will get the loan in the first place.

Imagine a scenario where for one reason or another you are unable to access a bank loan. Maybe you are already servicing a bank loan. Maybe you are not close enough to a bank. Maybe you need the loan urgently and the bank’s loan processing period is too long.

In the old days, a loan shark would have been your recourse. Today you can access cheap, quick loans online. Is there any difference between these online loans and traditional bank loans?

Availability

The banking industry has always been wary. Not everyone can access personal loans from banks. Online lenders, on the other hand, are more open to offering personal loans to their clientele. Most of these are unsecured cash loans. Since they are unsecured, the loans typically come with higher interest rates than bank loans. Online loans are therefore available to previously unbanked sections of the population who cannot access bank loans.

Speed and Convenience

Traditional bank loans typically require you to pay a visit to the bank’s physical location. However, for people who need urgent payday loans, this may not always be possible at the moment of need. The beauty of online loans is the ability to access them from anywhere and at any time, provided you have internet access. You can be in your bed, dressed in pajamas, in the middle of the night, and still get a quick loan from an online lender using your smartphone. Furthermore, many online lenders do not perform a ā€œhardā€ credit check. As a result, you are able to get the loan faster. 

Lower Fees, but Interest Rates May Be High 

Banks are expensive to run. The brick-and-mortar locations rack up expenses like rent, furniture, equipment, salaries, and so forth. They have far more employees than online lenders. As a result, banks need more money from their customers and the loan fees are therefore going to be higher than those of online lenders.

Online lenders have fewer expenses, and their loan fees are therefore lower. However, online lenders typically provide unsecured loans. Such loans are highly risky to the lender because borrowers do not put up any collateral. As a result, online loans incur much higher interest rates than bank loans.

For the sake of the quick availability and convenience, most people are willing to endure the high interest rates. To find out how much money you can get and the interest, type ā€œurgent loans calculatorā€ in the search bar and refine the key words to find a lender that enables you to calculate loan eligibility and interest in advance. 

Creative Approaches

Online lending has more freedom to experiment than traditional lending. Take as an example: peer-to-peer lending. This is a model which enables users of the platform to earn interest by lending money directly to other users 

Wrapping It Up

In many ways, online loans are more attractive than bank loans. However, there are quite a few unethical online lenders in the market. Do your due diligence before trying to access a loan from a particular online lender.


Urgent Cash Loans rating: 4.5/5 from 21 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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