For many people who face financial challenges occasionally, the first option for them when considering getting a loan is usually their nearest banking institution. While banks can be helpful, they also generally have quite stringent qualifying criteria. This has created an opportunity for micro lending institutions to provide convenient, fast and easily-accessible loan solutions.  These institutions are often more lenient in terms of lending criteria ad often provide immediate cash solutions.

One such micro lending institution is Extra Cash Loans.

Tell me more about Extra Cash Loans?

This institution provides loans of up to R50 000 and has issued over 9700 loans to date.

Applying for a loan from Extra Cash Loans provides access to fast and secure solutions. The loans can also be accessed from anywhere, at any time. The application process is simple, so you can apply online without having to leave the office or from the comfort of your own home.

Loan solutions are also designed for individuals who need an urgent loan, so they are short term in nature.

Once approved for a loan from Extra Cash Loans, you can expect the amount to be deposited directly into your bank account within a few hours. You’ll then have the freedom to use the loan however you choose.  There are no limits in terms of how you can use the loan.

Extra Cash Loans offers flexible repayment terms, so you can pay the loan off within 12 months.

As a lending institution that promotes responsible lending, Extra Cash Loans conducts credit checks during the application process.

What are the qualifying criteria?

  • Be at least 18 years of age
  • Live in South Africa
  • Have an active South African bank account
  • Have a valid email address
  • Have an active cellphone number

To contact Extra Cash Loans, send an email to info@extracashloans.co.za