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So why use an Online Loan Website?

Through the years people use to apply for a loan by going into a loan office, stand in queue and they had to fill out application forms and provide loads of documents to be considered for a loan.

These days, as everything over the last couple have years; have become much more user friendly and efficient. Loans in that regards is no exception and more and more loan companies are moving towards online loans, making the application process available through their website.

Long gone are the days for loan companies, simply to have a website hereby they offer information and contact details about the offices and the trend towards offering these loans online have increase substantially over the last couple of years.

There are a few frontrunners in this regards and more and more companies are catching up and getting the application process online via their website.

For anyone looking for convenience and safe online loan application, be sure to work with reputable companies that you know off and offer excellent service if you do get stuck applying online.

Best Online Loan Options?

We have been asked this question a few times and we can truly recommend 2 companies that fit the bill in terms of online loans. They offer online loans but they offer different loan products.

The first online loan company is Wonga and they truly have been phenomenal in their growth and service offering since they set up shop in South Africa.

They offer more of an online loan option, whereby people can apply online and they can receive instant notification in terms of loan approval.

The user simply completes the online application form and once the application is approved you can have the funds in your bank account very quickly. The online loans go up to R3000 for first time users and R8000 for existing users.

The second option is Lendico and they offer a totally different product, but still in the loan arena. This is an online p2p platform that connects the investor and the borrower directly.

Anyone can apply online for a loan up to R200 000 and the investors will decide if they want to borrow you the money.

The borrower must give as much as possible information in regards to what the loan is for and if the investor decides to lend the money, the rate is determined and everything is finalised.

This is a great alternative to banks and offer people to apply online for a loan.

Online Loans in South Africa

There are quite a few loan companies in South Africa offering the facility to apply online for a loan, but only a few offer the best options out there.

The trend towards online loans have been growing over the last couple of years and one company in particular stands out above the rest in terms of online loan offerings and that is Wonga.

Wonga have an amazing online platform and people can apply online very easily through their user friendly website.

Another great online loan company is Lendico and they only bring the borrower and the investor together through this p2p website.

You can list your loan requirements and investors will determine if you meet the criteria for a loan. Be sure to look at both of these companies when looking at an online loan in South Africa.

Lendico Loan Amount

Lendico offers people the opportunity to borrow up to R200 000. The categories listed for loans vary from loans from home renovation, debt consolidation, real estate, holiday, moving etc.

There are a variety of options to choose from and you can specify the exact loan amount you require and sit back and see what the investors think about your loan request and what percentage they are willing to borrow the money the at.

Lendico offer people an alternative to banks and please just note the interest rate of your loan before accepting the loan offer.

Lendico will continue to grow and offer people an alternative in South Africa to your normal bank options, so be sure to try them out if you require an online loan of up to R200 000.

Lendico Loans (South Africa)

Not allot of people seem to know about Lendico, but they seem to making amazing strides in South Africa, offering people online loans of up to R200 000.

With Lendico you register and then apply online and investors then look at your request and determine if they want to borrow you the money. Lendico is thus a peer 2 peer Lendico website and this almost seems to be the first of its kind in South Africa.

The company started in Germany and then expanded to Spain and now in South Africa. What’s interesting about this website is that it bring borrowers and investors together, thus putting the two parties in touch with each other directly.

You can list your loan amount and choose what’s it for and the investors will decide if they will lend you the money. It’s very easy to register and list your loan request, so be sure to give it a try.