We offer Personal Loans, Business Loans, Consolidation Loans, Mortgage Loans at 5% Interest Rates. Apply from R10,000 to R50,000,000.
A ‘personal loan’ is a loan or cash credit made available by private lenders or banks to personal applicants. In almost every case, a personal loan is an unsecured loan, meaning that you are not required to pledge any asset(s) as a guarantee for the loan.
Certainly not!
If you apply for an instant personal loan with cheapest rates here at Rodeco Finance, you can expect to receive the funds directly in your bank account within minutes. When compared with a traditional bank loan or an overdraft against your checking account, this takes much less time and involves even lesser paperwork.
Yes.
While every payday loan is in itself a personal loan, not all personal loans are payday loans. For example, personal loans from credit unions or banks are usually termed over months, and hence do not really qualify as payday loans.
The best and arguably easiest way to get a quick and easy personal loan is to apply for a payday loan from a responsible lender. We, at Rodeco Finance, have made it even easier for you by helping you find suitable and responsible lenders – all in one place.
If you wish to apply for a payday loan as a personal loan, you might want to know that payday loans are more expensive than bank loans or even credit cards. So, make sure that you apply for a payday loan only when you have an urgent need for a small sum of money that you can pay back on or before your next payday.
Typical scenarios that compel people to get a payday loan are:
Emergency medical situations.
Cash shortage.
Down-payment for expensive gadgets/electronics.
Car repair/purchase.
Travel/special occasions.
Household needs.
Yes, you can.
Many payday lenders are willing to offer personal loans even to applicants who have bad credit history and poor credit score. To get a personal loan, however, you will have to fulfil certain requirements (read below):
You must be a legal South Africa resident.
You must be 18 years of age or older.
You must have a valid South Africa bank account.
Most lenders prefer lending to applicants who have a steady, regular income in the form of either employment or pension, benefits etc. However, if you are between jobs at the moment, you might get a personal loan from one of our lenders.
If you are a retiree with regular pension or if you are on benefits, you can get a personal loan from payday lenders with ease.
At Rodeco Finance, we help you get instant personal loans of up to R50,000,000 from responsible payday lenders. Typically, you will be required to pay such a personal loan back in 1 to 30 Years.
Yes, you can.
However, if you have a payday loan as a part of your debt, you may not be able to add it to the consolidated debt. It’s a good idea to settle any payday loan you have separately from your other debts, simply because payday loans incur higher interest rates.
