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Short term loans are among the most expensive of all types of credit products available in the market for households and businesses to use. The annual percentage rate is usually several hundred percent. You will be required to pay a considerable interest amount at the end of the repayment period. For example, if you want to borrow R100 for two weeks, you may end up paying up to R20 in the form of borrowing charges. This means you will be paying an annual percentage rate of 426% on your short term loan to the creditor. When you get your loan, youâll know the cost down to the penny and have a plan to pay it off over time. Spotloan offers solutions that work when the money gets tight. Now thatâs something worth smiling about. Anyone can join with a $10 donation to the Financial Awareness Network. The procedure of getting approved
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To guard against fraud and money laundering, we rely on external credit reference and fraud prevention agencies. They collect publically available information which can then be compared with the details you have provided to us. This is why it is so important for you to be absolutely honest when you apply. Even if you have bad credit or a CCJ we may still be able to lend to you as long as you tell us about it upfront! Contact by phone - We're here to help. LOAN RENEWAL POLICIES
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