Mr Cash Loans is a reputable and reliable credit provider that offers customised solutions to consumers.
When big banks take more than 2 days to give you a decision on a loan, you can always turn to Mr. Cash Loans for quick approvals and payouts.
Today I'm going to review Mr. Cash Loans and how they've been helping South Africans with personal loans since.
Let's get started.
The Loan - Explained
Mr. Cash Loans offer various types of credit designed to address specific financial goals.
Online loans start from R1,000.00 to R200,000.00 payable within 72 months.
You don't need any collateral or asset to qualify and get approval from Mr Cash Loans.
Since these loans are unsecured, it means you'll qualify for loans online based on your credit score. The higher the score, the higher the amount you'll get from Mr Cash loans.
Loans are offered at a maximum annual interest rate of 28%, regulated by the National Credit Act. And these vary between applications depending on the individual credit ratings and debt management in the past.
They also offer payday loans up to R2,000.00 for emergency expenses you can quickly settle in your next salary date.
Payday loans are very popular in South Africa where people just want a quick cash injection which they'll pay end of the month - no long-term loan installments.
Unfortunately, these loans come with a higher interest rate.
Want to know the best part?
The application process is quite simple and Mr. Cash offers the quickest approval.
Complete the online application form with your correct details, send the required documents, and get paid within 48 hours.
Mr Cash Loan Calculator
Mr Cash loan calculator is created to give you a close estimation on your loan fees.
You'll be understanding your loan before signing that agreement. It's Mr. Cash responsibility to guide you through the process and a loan calculator is one of the means they help customers understand their loans.
The calculator will indicate the following for you:
- Monthly installment
- Total repayment
Fortunately, applying for Mr. Cash loans is free - no-obligation service to you.
To qualify for Mr Cash loans, you must meet the following basic criteria.
- Permanently employed for at least six (6) months at the same company
- Must be a South African Citizen, older than 18 years with a valid ID
- No under administration, Debt review, or Sequestration
- The bank account which your salary is paid every month
And that's it - Now to the next important step.
Credit Check, and Affordability assessment
Your credit history is everything regarding the Mr. Cash loan application.
The company will perform necessary checks on your credit to ensure you're the right person for the loan amount.
They closely look at your monthly income VS expenses to understand whether you'll be able to afford the monthly installment of the loan.
If not, they may give you an offer that you can afford.
Mr Cash is a responsible lender that works with the regulators in South Africa.
Mr. Cash Loans for Blacklisted
What if you have bad credit (also known as blacklisted), would you still get a loan?
The answer is YES!
Mr. Cash Loans have been assisting South Africans with a bad credit score.
What it means when blacklisted is that you're considered high risk and have a low credit score, hence, other financial institutions don't trust you with the loan.
However, Mr. Cash Loans understands that life happens, you might have a good credit score today and a poor score tomorrow.
When processing your loan application, they look at more than just your score, even though it's the most important factor.
Contact 087 822 1779 for more detailed information about Mr Cash Loans.
Alternatively, visit www.mrcashloans.co.za and read further.