Alternative Loans
Alternative Loans offer short-term and payday loans for people across South Africa.
The loan is unsecured, so, you don’t need to explain the reason for your loan application or provide collateral to secure the loan.
How much you’ll qualify for is dependant on your credit rating, as required, and regulated by the National Credit Act.
Apply in 4 easy steps, begin your application online.
At a glance
Why Alternative Loans?
Alternative loans is a lending agency situated in Alexandra Johannesburg offering short-term loans.
The company gives the people of Alex access to cash up to R16 000 when they need it the most.
People have different (unexpected/emergency) expenses that need urgent attention and Alternative loans is there to give quick answers.
Perhaps you have a big wedding planned but the finances aren’t coming together as expected, or you want to consolidate all your debt into one affordable installment, the company has you covered.
Want to know the best part?
They offer personal loans not only to people in the community of Alex but to everyone in South Africa.
And you can apply for Alternative loans online, via telephone, or at their offices in Alex. The online application will get you pre-approved better than the other methods.
Once you qualify for the loan, you’ll need to submit the necessary documents as required by credit regulations in South Africa.
And Alternative Loans will perform necessary checks and affordability assessments to ensure you’ll afford to pay the installment in time every month until repayment is done.
It gets better:
Your money will be deposited directly into your banking account for any personal use.
You have full control of your money.
Loan Calculator
I often advise readers to use our free online calculator to better understand the loan.
It’s very easy for credit providers to offer you a loan at whatever interest and longest period but if you don’t understand what that means, then you’ll always be frustrated.
Here’s the deal:
Getting to understand your Alternative Loans will help you make a great financial decision for you and your family.
Before you happily sign any loan agreements, please ensure you know about the following:
- Monthly service fee
- Annual interest rate
- Monthly installment
- Total repayment
At least that way, you can manage your monthly budget and expenses properly.
Contact Details
Alternative loans operate the business only on weekdays.
Contact 011 346 2378 for detailed information about the loan before making your decision.