5 Institutions that will give you a healthy Personal Loan

Mar 07, 2016
Author: Ean Barnard

A healthy personal loan is one that offers you many benefits, specifically suited to your personal circumstances. Before you go out to get a loan though, you should be able to make an informed decision.  We would recommend you consider the following attributes of a healthy personal loan:


  • Great flexibility - It offers you ease of use. Personal loans are multipurpose and can be used for a variety of purchase types ranging from education to medical expenses or even purchasing the latest electronic gizmo-gadgets.


  • No collateral requirements -To obtain a personal loan, you don’t need to provide the lender with any security and this pertains less risk for you as your assets are safe.


  • Quick availability and minimal documentation - If you are looking for emergency funds, a personal loan could be your best bet as you can get it, in most cases, within 24 hours with minimal mind-numbing documentation.


If you have an urgent need for cash, a personal loan might just be the best solution for you and could prove to be your best ally. Always ensure that your loan payments can be supported by your income and always make sure that you can honour your commitment. This makes almost most loans a healthy option!

Here are 5 South African institutions that can give you a healthy personal loan:


  • ABSA Bank - a provider of flexible personal loans in a cost-effective way. They provide immediate access to your funds after approval, offer competitive interest rates, flexible repayment terms, easy approval if you need additional funds, the ability to pay off your loan faster, retrenchment and death cover.


  • Capitec Bank - based on your affordability and credit profile, money is available immediately in your savings/transactional account after approval. Other benefits include free retrenchment and death cover, fixed monthly repayments and the option of consolidating all your existing loans for easier monthly repayments.


  • Lamna - a speciality finance company with a particular focus on short-term asset backed transactions. If you want to lend against the value of your assets and obtain easy and personal short-term loans, look forward to no unnecessary paperwork, no credit checks and extremely discreet secured lending.


  • Bayport - an online loan provider. If you need a personal loan quickly, apply online in an easy step-by-step fashion that is safe and secure. All you need to do is sign up for an account online, verify your account and you can get a loan offer within 1 minute.

Woolworths - apply online or in-store for a great flexible personal loan with the same benefits and flexibility as other traditional banks in South Africa. Once your loan application has been approved, you will receive cash in your bank account within 48 hours.

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