Best cash loans offers in South Africa
Looking for a little extra cash to help tide you over until payday? At Arcadia Finance – South Africa, we guarantee:
Online cash loans from banks and lenders are more popular now than ever before. Our system allows you to compare the options to find the right loan for your unique needs. We only offer the best loan products from trusted South African financial service providers.
You will receive your loan offers immediately after filling up the loan application. Check what kind of loan offers you will get!
Who can apply for a loan?
- You are over 18 years old
- You are employed and employment has lasted for more than 6 months
- Your loan should not be more than 8 times larger than your monthly income
Compare loans in 3 easy steps
Fill in our application
Complete our loan application in minutes. Just enter your details and choose your desired loan amount.
Choose a loan offer
Based on your responses, you will receive a variety of personalized offers from up to 16 lenders.
Get your money
You are free to accept or decline the offers as you please. The offers are non-binding.
What are instant loans and how much do urgent cash loans cost?
Instant or fast cash loans provide quick solutions to urgent money matters. With more and more South Africans struggling with economic difficulties, covering simple living costs has become a challenge for many people. Imagine your wages won’t be coming in for a couple of weeks, your savings have been used and an unexpected bill arrives that needs paying immediately. What can you do? A cash loan online can provide the answer.
Instant or emergency loans are usually paid quickly to the applicant, in most cases, within 24 hours. Filling out a loan application online is a quick, easy and hassle-free alternative to heading to the bank.
But what exactly does a cash loan cost? The cost of borrowing money varies from one lender to the next and depends on the amount borrowed and the duration of the loan period. Generally speaking, short-term loans are more expensive than long-term options. Whichever loan you choose, make sure you read the fine print and know exactly how much it will cost before agreeing to the loan.
What is Arcadia Finance?
Arcadia Finance helps South Africans in the search for loans from different banks and lenders through our loan broker partners. We provide access to up to 16 reputable banks and lenders. By filling our loan application you will get multiple loan offers, which you can compare and select the most suitable offer. The service we offer is completely free of charge and you will not commit to anything by requesting for loan offers via Arcadia Finance. We only work with trusted loan brokers who collaborate with NCR licensed banks and lenders in South Africa.
What are cash loans and how do they work?
If you are new to lending money, it is a good idea to read the terms of the loan and be aware of the costs and payment terms. This type of borrowing generally involves an online application process, which includes a credit check. If approved, the money is then transferred to the customer, who agrees to pay back the full amount, plus interest, before a specific date. Payments are usually made on a monthly basis.
Cash loans can be tailored to suit any need. From small, short-term loans to larger and more long-term options. Our service provides loans from as little as R1 000 up to R350 000, with repayment plans extending up to 72 months.
Credit Score Check
Also, lenders will check your credit score as it is a prime factor for calculating interest rate. Lenders use this to determine whether you qualify for a loan. If your credit score is too low, lenders may not approve your application.
After you have received a personal loan, you must pay back the loan – plus interest – in monthly instalments over the agreed period.
Other Fees and Charges
Most important, Arcadia Finance does not charge any upfront fees for its online service. We work with trusted, NCR licensed lenders who offer different types of loans. Besides it is important to understand the terms and conditions and charges thoroughly before accepting a loan offer. And don’t accept an offer that isn’t right for you.
Some banks and online lenders will require loan protection cover. In other words, you may need to agree to use their insurance provider to insure the loan. But this policy will vary from lender to lender.
Apply Online for Your Cash Loan
Looking for an online cash loan in South Africa? Arcadia Finance makes applying for a personal loan online easy.
Enter the requested information in our online application form. Once the application is approved, you’ll receive different loan offers from our trusted lenders for comparison.
You should always compare offers to find the best option. While applying for a personal loan online is easy, loans themselves can sometimes be confusing. It’s important to make the right choice. A comparison tool takes the guesswork out of the process and lets you see which offer is best suited to your situation.
Additionally, you’ll be able to compare personal loans by using the cash loan calculator.
About Arcadia Finance
Obtain your loan effortlessly through Arcadia Finance. Applying is free, and you have the option to select from a range of 16 reputable lenders. We only work with trusted loan brokers who collaborate with NCR licensed banks and lenders in South Africa.
What Would You Need for a Cash Loan Application
Also, when applying for a loan, you will have to provide the following information:
- The details of your bank where the money will be paid.
- Your Smart-ID card, ID number or a copy of your ID book.
- Payslips or bank statements for the last three months.
- Proof of residence – Your bank statements or a municipal bill.
Using this information, the lender conducts a credit check, which determines the success of your application and what interest rate will apply to the loan.
The intention is to make the personal loan application process as effortless as possible.
Finally, you have decided which offer you are happy with. Here are some personal questions lenders may ask you:
- How old are you?
- What is your marital status?
- What are you using the money for?
Some companies will give you a prospective quote based on these additional factors.
Frequently Asked Questions
To apply for a cash loan, you must be over 18 years old, have been employed for more than 6 months, and the loan should not exceed 8 times your monthly income. You’ll also need to provide identification and proof of income.
You can borrow between R100 and R350 000. The exact amount will depend on your credit score and financial situation.
Repayment terms for cash loans range from 3 to 72 months, giving you flexibility to choose a term that suits your financial situation.
If you don’t have a payslip, you can still apply by providing other proof of income such as bank statements. Some lenders may accept alternative documentation depending on your financial circumstances.
Interest rates on cash loans vary based on your credit score and the lender’s terms, typically ranging from 5% to 60% APR. It’s important to compare offers from different lenders to find the best rate.
