If you’re looking to secure a short-term loan, there are various options available to you. Whether you decide to take up a loan from a bank or through another financial services provider, these days you can apply for a loan online and benefit from a quick and easy application process.

One of the best benefits of short-term loans in South Africa online is the fact that you can apply at any time. This means it’s very convenient as you won’t have to drive to a branch and fill in a long list of application forms. In most cases you will learn the outcome of your application within a few hours and if your application is approved the money can be transferred to your bank account the he same day.

In order to apply for a short-term loan you need to have a good credit record and be permanently employed. Most lenders will also require you to have a bank account in your own name into which your salary is deposited every month. You also need to be over the age of 18. In some cases you may qualify for short-term loan if you are blacklisted or under debt review, but this will not be possible from one of the banks. There are some financial services providers that do offer loans to blacklisted individuals, providing that you are full-time employed and earn a monthly salary. However, these loans may attract a higher interest rate.

You can apply for a short-term loan online from providers like GetBucks or Wonga, and they have a very simple application process. You simply choose the amount that you want to borrow, fill in your personal details, and receive the outcome. If you loans approved they will pay the money directly into your bank account.