Instant Cash Loans

At times, no matter how small the need may be, we all require a little extra cash every now and again. Considering the budgetary constraints of the average South African, finding that extra amount of cash can be difficult. Instant cash loans help South Africans overcome this problem by giving them access to the cash they need, when they need it. Here is an in-depth look at instant cash loans, their differences from other loans and why they may be the right option for you:

Best Short Term Loans South Africa

Boodle is the short term loan provider with some real South African flavour! Quick loans of up to R 8000 with 41 days to repay!

• R2,500 for new customers, and up to R8,000 for existing customers
• Instant decision 24/7 NO paperwork
• Up to 41 days repayment period
• Also available on mobile

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• Loans from R500 – R15 000
• Discreet, Secure and confidential
• Easy and Flexible Repayment Terms
• Blacklisted Applicants Welcome
• Same Day Approval

What Are Instant Cash Loans?

As the name suggests, instant cash loans are a type of loan where you receive the money almost instantly. As such, they are a type of short-term loan given to you when you need it and have to repay it in a short period of time. In fact, it is not unusual for the interest to compound daily in some cases. That is just how short of a duration people require the money for.

The Borrowing Limit

With this type of loan already begin a short-term loan, it is evident that the borrowing limit is lower than usual. As such, you will be able to easily borrow R100 to R8,000. Based on your ability to repay the loan, you may be able to easily borrow up to R10,000. Many online lenders offer higher limits if you borrow from them frequently. Please note that the lender may provide a repayment deadline, usually up to 2 months, after your verification, depending on the amount you wish to borrow.

The Differences between Instant Cash Loans and Short-Term Loans

Contrary to popular belief, there are a few differences between instant cash loans and short-term loans that you need to know about. After all, the more you know, the safer you are and the more you can borrow.

1 – Instant Cash Loans Help You Borrow Faster

3 – There Is Less Documentation Required For an Instant Cash Loan

The Benefits of Instant Cash Loans

2 Easy To Repay

Because you only ever borrow a small amount, instant cash loans can be repaid in as little as a few days or in as long as a month. With such a short repayment period, you can clear yourself of debt fast, and still enjoy easy accessibility to cash.

3 No Collateral Required

As stated, most online lenders will ask you for proof of residence, identity and repayment. You will not require any collateral to acquire an instant cash loan regardless of the amount.

How to Acquire an Instant Cash Loan

If you have an instant need for cash, simply follow the steps below and your wallet will be full of cash in no time at all. In fact, acquiring an instant cash loan is so easy, you can acquire it in 5 easy steps:

1. Go online and find a reputable online lender.

2. Enter your personal information and proof of residence, identity and repayment in the form provided

3. Select the amount you require and the duration of the loan

4. Wait at least 5 minutes for confirmation of instant cash loan

5. Withdraw cash as usual

Whether you require R500 or $10,000, instant cash loans can help you get your hands on the money you need, whenever you need it. Simply select an online lender. follow the steps above and you will be able to live a life free of financial worry. With easy instalments, instant cash loans are a great way for you to get the money you need, and not be burdened by long-term interest payments.