Let’s see the leading loan providers in South Africa. In South Africa, there are a lot of loan organizations and money lenders. To fix a problem or launch a business, we occasionally may require financial support. We are left with no choice but to apply for a loan from businesses that provide these services when we are unable to borrow such a large sum from a friend.
A loan is a sum of money given by a lender to a borrower, who may be a person or a business. We conducted research to identify the top loan providers in South Africa and created this list. To identify the best of them, read the list below.
Top Loan Companies in South Africa
1. Wonga Loans
Founded in 2006 by Errol Damelin and Jonty Hurwitz. The loan company has its headquarters in the UK and everything is done online. What is required from you is your cell phone number, SA ID number, bank account details, and most recent proof of income. #Wonga has been in the game for over a decade, so you have nothing to worry about.
SEE ALSO: Top Online Jobs for Students in South Africa
2. Nifty Credits
The next on our list is this amazing company. With their slogan “We are a responsible lender” they are committed to helping their customers in any way as long as it has to do with loans. Nifty Credits is regulated by National Credit Regulator (NCR) which makes them be a trusted company.
All you need is to register on their website and fill out their form which includes providing a 3 months bank statement. One of their strict requirement is that you must be permanently employed for at least 3 months.
3. Bayport Financial Services
Another great loan company from South Africa offers financial loan assistance. The company spreads across other nations such as Ghana, Colombia, Mexico, Tanzania, and other countries. The company kicked off around 2002 nearly two decades ago and has been among the leading companies to date. Bayport products include personal loans, My Savings, My Money, and My Cover.
4. Atlas Finance
Approaching three decades since its inception, we won’t doubt the authenticity of this company. Their mode of operation is nice, which begins with visiting their website, filling out the form, uploading proof of ID/passport, and bank statement, and then waiting for approval. Atlas Finance offers short-term loans and their loans are affordable.
5. SA Home Loans
It began operation in 1999 in Durban, South Africa. The Mortgage finance company has been in operation since then and has gained over 190,000 clients. SA Home Loans is not a bank but it’s among the leading loan providers in the country.
6. Izwe loans
The list wouldn’t be complete without mentioning this company.
This trusted financial service provider in South Africa also exists in Zambia, Kenya, and Ghana. Izwe loans came into existence in 2004 in South Africa before expanding to other African countries in 2008.
RECOMMENDED: List Of Top Banks In South Africa
