What is the Deal With 1life loans Payday Loans in South Africa?
There are a lot of payday loans available in South Africa. Each one seems to be offering a different type of 1life loans loan product. Most of the payday loans that are available in South Africa are unsecured or non-recourse type of loans. This means that there is no collateral needed to be pledged before a payday loan can be approved. These types of payday loans are very popular in South Africa especially for those who need instant cash.
1life loans – Payday cash advances are the most common and easy to get loan deals in South Africa
They are also known as single hour loans. The rates of interest on single hour loans are slightly higher than other payday loans. They have become a very popular way to get quick cash in the times of economic crisis and hardship in South Africa.
A single hour payday loans south Africa can help in urgent situations when you need to meet your next pay day. Such emergencies include medical bills, school fees, groceries and utilities. When you apply for a payday loans south Africa, all you need to do is fill out an application which hardly takes few minutes. This is one of the easiest ways to obtain money for immediate use.
You do not need to fax any documents or papers before applying for a payday loans south Africa. Most lenders will instantly approve your application. You will receive an automated approval message. In fact the process itself takes less than a minute. You may even be able to get instant cash within an hour or two of submitting your application.
If you have experienced a recent injury or illness and cannot work for a few weeks or months, payday loans south Africa is the perfect option for you.
There are a lot of payday loans south Africa online. You may find some lenders who may offer to give you cash advances online. However, you may need to fax some documents or papers to them. It is important that you choose a company that has a good reputation and has been in the business for a long time. It is also important that you choose a lender that does not charge exorbitant processing fees.
Such short-term loans are available to help you in your time of need. You can apply for such loan online by filling out an application form. You will receive an automated email notification in a short period of time once you have submitted your loan request.
Even people with a bad credit history and no property to place as collateral can apply for payday loans in south Africa. There are some lenders that offer unsecured payday loans too. This means that you do not need to put any of your property at risk. You may want to check with the local lenders first, because there are some unsecured lenders who may be willing to lend you a small amount of money.
With payday loans in south Africa, you can use the funds to pay off your debts. If your debts are credit card debts, you can consolidate these into one single payment with lower interest rates. With debt review, you will be able to consolidate all your debts and receive one single repayment every month. The good thing about this repayment plan is that you do not have to worry about your late payments anymore. All your payments will be reported to the three main credit agencies. With the help of debt review, you can also improve your credit ratings.