Alternative Loans allow borrowers looking for short-term loans that give you as much as R16 000, and they are a registered credit provider based in Alexandra. The company was started by 5 young entrepreneurs and as a micro credit provider they believe in responsible lending. They charge a 25% interest rate on all loans and this is inclusive of all admin fees. Their approval times are quick, allowing you to have access to your loan within 24 hours.
Why apply for Alternative Loans?
Alternative Loans are personal loans that give the borrower as much as R16 000 which you can use for all your short-term financial expenses. They operate from Alexander in Johannesburg and they service people in Johannesburg. Their loans start from as little as R500 and are ideal credit solutions for individuals who need quick cash loans.
Alternative Loans can be classified as payday loans as they will be required to be paid back within a month, however they are open to negotiating a repayment extension. To apply you can simply fill out the application form on their website and submit all your supporting documents and their consultants will thereafter contact you to finalise the application.
Alternative Loans go through a affordability and credit check before being approved, and once your application is successful they will transfer the money directly into your bank account where your salary gets deposited into. Repayments are deducted automatically from your bank account.
Alternative Loans Application Requirements
When you want to apply for Alternative Loans you will need to ensure that you are employed permanently for at least 3 months, must be over the age of 18 years, must have a South African ID book, and must have an active bank account where your salary is deposited into, and also your latest proof of residence.
Alternative Loans Contact Details
Find out more details on how you can apply for Alternative Loans and get approved by calling their offices 011 346 2378 and chat to their professional consultants and they will assist you with the application process. You can also visit their website www.alternativeloans.co.za and read more details from there.