Micro financial institutions play a vital role in enhancing peoples participation in economic activities and decision making.The role of micro finance is to give credit to people in need of finance but have no reach to the conservative and formal financial products. Micro finance is an aid to engage individuals and families in productive activities and improve the standard of living. One business concern playing a critical role in this regard is Wanna Loan
Since establishment, this firm has become a trusted cash loans provider to many people in need. Wanna Loan lives by promises of always delivering a high standard of service, being fair and transparent in business practices, continuously developing and improving the business model so that South Africans can access short term credit for their everyday needs, always reinvesting in the company to ensure growth and best returns for all clients as well as always striving to champion the customer experience.
Wanna Loans are categorised into fast loans, cash loans and personal loans. Its under fast loans where you also find payday loans. Cash loans cover easy loans and short term loans while personal loans has online loans under it.
Fast loans are highly sought after because they are quick. Unlike applying for a traditional loan with your local bank or other lenders, with a fast loan you receive a response by the end of the day. With most traditional lenders, it can take up to one week to receive an approval or denial for a loan. There are many individuals who cannot wait that long.
What also makes fast loans attractive is that they offer easy qualifying criteria, a simple application process, fast approval, no credit checks, and not much paperwork. You can apply for a fast loan without having to visit the lender branch where you may go through piles of complicated paperwork.
A payday loan is a loan that’s usually due the next time you get paid. A lender charges a fee in exchange for lending you money until your next payday, hence it’s called a payday loan. You’re borrowing just enough to get through to your next payday, upon which the money is due. Easy loans don’t put you through the hassle of paperwork, complicated terms and conditions, impossibly high qualification standards and/or credit checks when applying for the loan. Because an easy loan is not specifically one type of loan, you can consider it a loan that is quickly and easily obtained from a lender. Online loans can be repayed in different ways,either monthly or weekly by debit order or the repayment plan as agreed upon, mostly it’s on the same day as your payday.
To apply for these loans, you need to be a citizen of South Africa and older than 18. You must be employed and earn a regular salary and hold a valid bank account.
This firm can be contacted through its online platforms.