Easy online loans and cash loans

easy online loans and cash loans

Part of the appeal of online loans is that they can be approved by financial institutions very quickly. Once your online cash loan is fully approved the loan can be available in your banking account within hours.

Here at Mr Cash Loans we mainly deal in online loans and cash loans. All of our loan products are unsecured loans, meaning that you do not need surety in the form of an asset, such as your house or car, to secure your loan.

If you have difficulty in getting loans approved come to us for excellent service and fast approval. There is no longer a need to be concerned about waiting in long lines or making your way through the unfair lending practices of the larger banks. Cash loans can get you the cash you need in short order if you qualify. The ability to take back control of your finances is now squarely within your hands.


Online loan applications will still be subject to your credit rating and your capacity to repay it, and a full affordability assessment will be conducted, to confirm that you can afford to repay the loan installment. Loans online can be taken out for as short as 3 months or up to 60 months in some cases.


Our Loans Explained:

So, how will we be able to assist you in obtaining your unsecured loans online?

Well, the answer to that question is actually not as difficult as you think. The first thing that you need to do from your side is to complete our online Loan Application form. With this information we will be able determine whether or not we can assist you with a loan and guide you through the rest of the steps. The final steps can be completed via email.

Please have a look at our Basic Criteria and Required Documents before applying for a loan with us.

Another question we are normally asked is how long it will take before I get the money in my account.
The loan amount is normally available in your bank account within 24 hours of approval.

 

Tips for fast loan approval:

• Complete our online Loan Application form.

• Ensure that your contact details (email address and cell phone number) are completed correctly.

• Ensure that you send the correct and completed Required Documents when requested to do so. (For verification purposes)

 


Reasons why it is easy and convenient to apply for a online loan.

• Fast and convenient online loan application process and can be completed from the comfort of your home or office.
• A fully approved loan can be available in your account within hours.
• You can submit a loan request for a online loan with less than perfect credit.
• No embarrassment: It can be difficult to ask members of your family and friends when you are in need of financial assistance, online loans allow you to avoid this embarrassment, as they can be acquired safely, securely online.

 


How much will it cost to get online cash loans?

The interest rate will depend on the loan amount, loan term and credit profile of the applicant, Please read more about the cost of credit

Loan terms and Cost of credit:

• Loans Available R3,000 up to R200,000

  • Longer term online cash loans (12 months and more): Loan available: R3,000 up to R200,000 with Annual Interest Rate is a maximum of 28% as prescribed and governed by the NCA (National Credit Act, 2005) for unsecured loans with a repayment period of 12 months or more.

A representative Example of cost of credit:

On a loan of R15 000 over 15 months at a maximum interest rate of 28%, maximum fees of R68.40pm, credit life fees, maximum initiation fee of R1 197 inclusive of VAT comes to a total cost of R22 717 which equals an APR of 68%.Which means that your monthly installment will be R1514.47

  • Short term cash loans (1 - 6 Months) Borrow from R500 to R8000 with a 61 to 180 day repayment. Interest from 36% APR to maximum 60% APR.

If you want to calculate an estimated monthly online loan installment,

try our Loan Calculator.