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From a broken down car or home repairs to an unexpected bill or outgoing, there are hundreds of reasons why you may suddenly need a R500 loan to overcome a financial shortfall. No matter how hard we try, there will always be unforeseen circumstances that crop up which don't fall into our monthly budgets which is why direct lender loans for 500 pounds can be such a help.
Let's take a closer look at how you can apply for loans for 500 pounds and what you'll need to qualify for these loans.
It all starts by working out exactly how long you want to take out your R500 loan for which will largely be based on how low your want your monthly repayments to be. Short term R500 loans are designed to be repaid over just a few weeks or months rather than years, so think carefully about what's affordable based on your existing financial circumstances.
Once you've completed your application and have been accepted, the R500 loan will be transferred directly into your personal South Africa bank account and can be spent on anything you choose.
Yes! Taking out loans for 500 pounds isn't just reserved for those with a great credit history. In fact, borrowing smaller amounts can actually improve your chances of acceptance since the overall risk to the lender is lower.
Repaying your R500 loan on time can help to improve your credit score, increasing your chances of being accepted for other types of loan, at more preferable interest rates, in the future.
No matter what your credit history, you'll need to fulfil at least the following basic criteria to be considered:
There may also be additional qualifying criteria such as your residential status, employment status and salary, however these will depend on the R500 loans lender that you ultimately choose.
Applying for R500 loans is quick and easy thanks to the online comparison service provided by Rodeco Finance. Our online R500 loan matching platform connects you with direct lenders who can offer the funds you need in lightning quick time.
Simply complete the Rodeco Finance online application form and we'll use this information to find a suitable spread of R500 loan lenders. Select one of the R500 loans that you feel best suits your circumstances and complete some final details before receiving an instant online decision.
Once approved, you'll receive a full breakdown of your R500 loan via the credit agreement which needs to be signed and returned electronically. Funds will then be transferred to you within 24 hours, although many of our providers are able to make the transfer on the very same day that you're accepted.
Apply for your personalised comparison of R500 loans today with Rodeco Finance and find the perfect short term borrowing solution for your circumstances.
