How Much Loan Do You Need

We specialise in fast, reliable, and secure short-term loans to satisfy your urgent cash flow needs. If you require money fast because of an unforeseen emergency, lump sum payment of some kind or a once in a lifetime opportunity, we are here to assist. We understand life doesn’t wait for pay day, which is why we provide fast loan processing services that are easy, effective and secure.

Our loans are intended for occasional use and are not to be used to service or repay outstanding debt. If you are already under financial strain and are struggling to make ends meet due to unpaid debt, we unfortunately will be unable to provide you with a loan. Our loans have short repayment terms and are not suitable for long-term lending as our interest rates are not always the cheapest when compared to more suitable consolidation loan providers.

If you miss a repayment, you are liable to pay a missed charge penalty of R250 in addition to any interest rate charges on the borrowed loan amount. Additionally, we are obligated to report any missed repayments, which means that missed payments may negatively impact your credit rating. A bad credit or negative credit score may affect your ability to secure credit in the future.

If you apply for a fast and secure loan and are approved. You are legally obligated to repay the loan in line with the agreed upon terms of the loan agreement such as interest rates, repayment terms and so on. While we are very clear about these terms, only you can take responsibility for the loan which is taken out under your name. If you are unsure whether you can afford a fast, short-term loan and meet the repayment costs on your selected date, please consider getting financial advice before making any decisions.

We individually process and consider each and every applicant. This process usually takes around 24 hours by which time we will contact you telephonically to finalise the finer details, check your credit score and let you know whether your loan is or isn’t approved. Once your loan has been approved and the loan processed into your account you will receive a confirmation notification specifying the amount deposited into your bank account. Often you will receive the amount within 15 minutes after you have been approved.

In some cases, the process may take longer if you do not have a good credit score as additional checks need to be done. This is often the case if you frequently apply for credit or loans. We try our best to provide everyone with the best opportunity and take every aspect of your credit rating into account when processing your application. This occasionally requires additional time, over and above the standard 24-hour processing time.

Our loans are ideally used to settle small debt amounts. It enables you to take our one slightly larger loan to settle all your small, short-term financial debts, and only pay one monthly payment. The types of short-term debt our loans can be used to consolidate are clothing accounts, small personal loans, payday loans or any other small debts that have a short repayment period. The goal here is to take out a loan from loan consolidation24 to cover your small debts and enable you to pay one affordable loan repayment over a slightly longer period instead of having to manage multiple short-term debt repayments. That being said we can unfortunately not assist those who have been blacklisted or need a loan to satisfy large debts with repayments terms of 12 months or more.