Quick Cash Loans

Apply for quick cash loans with Friendly Finance

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Quick cash loans on a chalk board

Money when you need it

Quick cash loans offer borrowers the chance to get extra money when they most need it. You can use a cash loan to for a variety of things, like paying unexpected bills, to go on holiday or just to bridge the gap until your next payday. Available through online providers, these short term loans are easy to apply for and you can often get access to the loan the same day. The most difficult part of the process is finding a lender you can trust. Luckily, Friendly Finance can help as our comparison tables directly compare the most reputable brands around. You’ll find a suitable, trustworthy lender within minutes using our free service.

How do they work?

The process from start to finish is very simple. Applying for a loan can be done online with your chosen quick cash loans provider. Firstly, you will need to submit a completed application form. Online loan applications generally ask you for the following information so the lender can make an accurate loan decision: age, contact details, residential address, ID number, employment details, bank account information and copies of your latest bank statements. You will also need to select the cash loan amount you want. Once submitted, the lender will carry out a credit check to assess your affordability for a quick cash loan. The time take to provide an approval decision will vary between each lender. Some may provide an instant decision, others may take a day to review the application. Either way, the lender will inform you of the next steps and what to expect.

If you’re approved for a quick cash loan you will be sent a loan agreement to review and sign. This agreement will detail the ins and outs of the loan, including all fees and charges, so be sure to read through it carefully. The lender will process your funds once the agreement is signed and your money will be on its way.

The repayment of your quick cash loan will be managed automatically as the lender will set up a direct debit from your bank account. This takes away any stress of remembering dates, all you need to do is make sure you have enough money in your account to fulfil the repayment amount.

Can I get a cash loan?

This will not necessarily guarantee you a loan however. The lender will still need to carry out an affordability check to assess your ability to repay the money borrowed. An influential factor will be your credit score. If you have a excellent credit score you are more likely to be approved for a loan and potentially at a lower rate. Having a poor credit score means that if you are approved for a loan, the rate of borrowing will likely be higher.

When do I get the money?

If your cash loan application is successful, the lender will immediately process your funds. The time taken for the money to reach your bank account will depend on your banking institution. You may receive the cash in a few hours or in a couple of days, but the lender should be able to give you an estimation on time.

Can you find me a loan?

Finding quick cash loans in South Africa doesn’t have to be difficult. Friendly Finance’s online search and comparison feature lets you find a lender quickly and easily. Every lender we work with can loan cash quickly, and every loan includes a detailed description, so you know exactly what you are applying for. Descriptions include interest rates, fees, repayment terms, lending criteria and more, allowing you to make an informed decision. The products listed come from secure and reputable South African lenders, so you can be certain you’re getting a quality loan when you need one.

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