Financial statistics show that loans are quite often obtained as an immediate remedy to a distressing financial situation or abrupt financial doom and gloom.The need for urgent cash therefore means the aspect of time between the application and money being paid is key for many consumers.This means customers are hesitant to apply for credit with a financial house which has a long approval process. One institution providing quick and easy loans is Speedy Loans.

Speedy Loans provides personal loans to different clients which includes those who are blacklisted. With high confidentiality levels placed on applications, this firm offers fast and flexible financial solutions which are accompanied by easy repayment periods and no need for collateral.

To qualify for a personal blacklisted loan, a client needs to be a South African citizen with a green bar coded ID, have a bank account against which a debit order can be loan and have a minimum monthly salary of R3,000 per month.

Speedy Loans declines applications from those who can’t afford the monthly loan instalment, those who have applied for debt counselling and those who are currently under administration or sequestration.

Cost implications for this loan include initiation fee of 15% of the loan amount up to R1,000, thereafter 10%(+VAT) service fee of R50 per month. Interest charged is 0.17% per day, 5% per month and 60% per annum.

Speedy Loans can be contacted on 0879403073.