You qualify for an unsecured cash loan if you are,
By choosing 247Loans, you are guaranteed to receive the following benefits:
“Wow! Definitely the best service ever. Applying was super quick and easy. Couldn’t have asked for more!”
At 247loans.co.za, we understand that any loan you take will ultimately cost you more than the initial amount borrowed. This extra amount you have to pay is actually the annualised interest you’re required to pay for borrowing the money in the first place. This rate, also known as the annual percentage rate or APR, can vary from one lender to another. In our case, 247loans is not a lender but a Cash loan service provider, so we do not have any control over the APR set by the lender.
The APR varies depending on a number of factors including the amount borrowed, your credit score, the duration of the loan requested and any extra fees. Always remember that a short-term loan is not meant to act as a long-term solution. Thus, you should borrow only what you can afford to pay back without incurring any fines or penalties.
247Loans has a number of premium partners (African Bank, RCS, and FinBond ), each with their own credit criteria to assess loan applications. The maximum APR charged on their loans is 27%, with payment terms between 6-72 months.
For a credit amount of R 10,000, borrowed for a period of 24 months, the monthly service fee adds up to R 78,90 with an APR of 27%. The total amount payable in this case is R 14 787.05.
Apply now and get your 247Loans online loan application form!
Submit it to get your quick cash loan as soon as possible.