R10000 loans no credit check are designed to give our customers the little extra financial push they need to deal with an emergency situation at hand. We try to make things as easy as possible for customers because we know when they come to us, they’re probably already going through something stressful.
How can i get a R10000 loan fast with no credit check?
The quick answer, yes, we do! You can apply for no credit check loans with Money Wisely R10000. Money Wisely gives you a quick decision on your loan, helping you to move on with your life with as little disruption as possible.
Small loans like this have become extremely common; which could be a good thing, because customers know they have access to emergency funds when they need it. On the other hand, this does also mean the market has become extremely saturated and could be confusing to navigate. We believe in complete transparency and will explain the cost of your R10000 loan as much as possible, before you commit to it.
It is always best financial practice to only borrow as much money as you need. Money Wisely are able to help customers who are experiencing a genuine financial emergency and need cash urgently, however, it is still important to us that you only borrow the money you need. Over-borrowing could be harmful to your financial security and credit score.
To illustrate the risks of ‘rounding up’, the above data indicates that the total amount payable is approximately 1.65 times the average amount borrowed. For R10000 loans no credit check, the total amount payable, based on this industry average data, would be R125000. This is not necessarily how much it is going to cost to borrow a R10000 loans from us and even across the industry now, because interest rates change.
We have already shown you how much it costs to use no credit check loans guaranteed approval direct lender South Africa on an individual loan basis, but to highlight just how many people could be irresponsibly using small, payday loans you can look at the data for the whole industry. R1.3 billion was borrowed by South Africa customers between the year 1 July 2017 and 30 June 2018.
The total amount payable was R2.1 billion, which is a 61.9% difference in borrowed and payable values. This highlights just how important it is to be responsible with your borrowing; a R10000 loans may not seem like a big commitment, but financial products should never be used frivolously or impulsively.
They are incredibly helpful, especially when you are facing a breakdown or a bill. Unfortunately, many people could not keep everyday life running without financial help every now and again, here at Money Wisely, we just want consumers to understand the consequences and the bigger picture when it comes to borrowing.
Using A R10000 Loans No Credit Check
At Money Wisely, we will not impose a restriction or limitations on what you can or should use your R10000 for, as this is not within our remit as a lender. However, we strongly recommend that your loan only be used to help yourself resolve a financial emergency. This is because payday loans of any value are not a sustainable source of credit and should not be considered a long term solution.
R10000 loans no credit check South Africa talk about best financial guaranteed approval direct lender practices and offer insights over on our blog. We regularly propose that neglecting your finances or mishandling credit could result in needing a R1000 cash injection to help you deal with the situation at hand, for example:
We could be used to pay an annual gym subscription you forgot to cancel and were not prepared for because you don’t go!
Research also indicates that households spend more than R10000 loan no credit check more than the average month at Christmas, perhaps resulting in a shortage in December or January for paying regular bills because of improper budgeting.
To ensure you don’t need to apply for short term credit in the future, have a read of our blog and actively get on top of your finances as soon as possible.
R10000 loan no credit check – How to Apply:
Whether you are looking for a R10000 loan no credit check (our top limit), our lending criteria remains the same. We run affordability checks to ensure our repayment terms are manageable for you. It’s important to us that we are a responsible lender, and although we want to help our customers, we do not want to make a financial situation worse.
To apply for R10000 loan no credit check, you will need to complete our online form. We will tell you how much it will cost to borrow money from us and everything else you need to know to make an informed decision about your credit.
To borrow from us, you will need to:
- Be over 18 years old
- Be a South Africa resident
- In employment
Able to show R4000 take home every month. This helps us determine that you are realistically able to meet the repayments of a R10000, without missing your other financial commitments and bills.
What Are The Repayment Terms R10000 loan no credit check?
Not only do we provide flexible loans in which you can select the exact amount of money you wish to borrow, but we also offer repayment terms that could be more realistic and affordable for our customers.
R10000 loan no credit check are repaid over three months and will always be equally divided, so you don’t face a balloon payment or a surprise that you can’t afford on the last repayment date.
Money Wisely will automatically take the repayment from the bank account you provided us with on the due dates, using a continuous payment authority system. This means less hassle for our customers, but it is really important that you have the funds available in your account on that day as missing a payment will negatively impact your credit score. Don’t worry, we will make it really clear the days your payments are due.
Unlike many other lenders, we do not charge an early repayment penalty. Moreover, if you are unable to meet the repayments on the dates they were set out for you, it is important you get in touch to discuss the situation. Money Wisely may be able to help by working out a payment plan or coming to an agreement.
Can You Apply for a R10000 Loan If You Have Bad Credit?
If you have a bad credit score then you can still apply and possibly be accepted for a R10000 loan no credit check with us. If your credit score is less than desirable, then you will not automatically be disqualified from securing an instant cash loan in 1 hour without documents with us, but we do have minimum requirements.
We do take multiple factors into account when making decisions about an application South Africa. As a responsible lender, we also strive to be completely transparent with our customers, providing all the information they need before they apply for R10000 loan no credit check or any financial product with Money Wisely. For more information, get in touch with our team to discuss your needs!