How You Can Apply For Instant Cash Payday Loans in South Africa

Posted by onlinecashloans on May 7th, 2014

The name of payday loans itself describes what these loans actually are. They are loans that a borrower takes for a short period of time and pays them off on the next payday. These loans are especially meant for people who may be hit by sudden emergency bills or may be finding it difficult to pull through a particular month. However, while taking a payday loan you should keep in mind that you will have to pay it off when you receive your next pay check hence you should be prepared for that. The term of a payday loan can range from 5 days to 40 days.

Instant cash payday loans are easily available within 24 business hours of applying for them. This is the reason they are also known as instant cash payday loans. The process of applying for these loans is extremely easy as the entire process can be concluded online. All you have to do is log onto the website of the money lending organization and fill out an online form. Once you submit this form, a company representative will contact you and instruct you on the next steps to be taken. Usually you need to submit an ID, pay slip and bank account statement when applying for instant cash payday loans. All the documents can either be submitted online or faxed to the money lenders. You don’t need to visit the office of the money lender personally.

The criteria for qualifying for instant cash payday loans are very simple. Any person over 18 years of age and earning an income can apply for and qualify for these loans. All you need is a provable regular income from a long term contract or self employment. Even your credit score is not taken into consideration while approving these loans. It does not matter even if you have other loans. Even blacklisted people can get instant cash payday loans quite easily. This is the reason why these loans are extremely popular and a lot of people opt for them when they are in need of emergency cash.

However, do keep in mind that different money lending organizations offer instant cash payday loans at different rates of interest. Usually there are two fees – an initiation fee which is paid when the loan is granted and service fee which is charged along with the interest. The amount of these fees can also be different with different money lending organizations. This is the reason why you should look around thoroughly before you apply for an instant cash payday loan.

About The Company:

Since its inception in 2008, ProfiCredit Online Cash Loans which is a part of a network of financial websites has been assisting customers by offering advice and providing comprehensive information about the finance providers online in South African market.

Their primary focus is on demystifying the large and complex network of loan providers by offering verified information. ProfiCredit Online Cash Loans give relevant and necessary information on obtaining a loan ranging from personal loan to business loan. They also help people who have bad credit history by providing relevant information about loans providers in South African market.