Mr Cash Loans
Mr Cash specializes in offering cash loans and personal loans. Mr Cash is one of the most transparent loan companies in the business, as they are very clear about each step of the loan borrowing process, explaining all of the relevant details and laying out the interest rates and fees very clearly.
If you are looking for a loan program which explains every step of the way to you clearly and transparently, Mr Cash could be right for you.
Loans from Mr Cash
Mr Cash deals primarily in cash loans and personal loans. All of their loan packages are unsecured loans, which means that you as a client do not need surety, in the form of, for example, a car or house, in order to get your loan. The loans from Mr Cash are perfect for those looking for a little help in time of need, who may not have an expensive house or car that some secured loans will require as surety. Since no surety is required, Mr Cash bases its loan packages on each person’s financial situation, and loans out only what they think can be expected to be paid back by the prospective client.
Mr Cash’s loans are granted by way of an online application form. This cuts out two main problems of traditional loan procedures. First, it cuts out having to drive to a location, only to then wait in long lines to simply fill out an application for a loan. With Mr Cash you can apply from the comfort of your own home. Secondly, Mr Cash cuts out having to deal with large banks in order to get a loan. Banks are often known for having unfair lending practices, and with Mr Cash you will not have to be bullied by these large banks in order to get access to a loan. Another benefit of Mr Cash is that when a loan is approved, you may get your cash in your bank account in a manner of days. You will most likely see the cash deposited there in only one or two working days.
A cash loan is a small short term unsecured loan. Mr Cash will lend anywhere from R3000 up to R150000. This loan is unsecured, which means that you will not put down a house or car, but will be granted the amount relative to your personal financial situation. The repayment plans at Mr Cash range from three months all the way up to 60 months. Thus the loans here are quite flexible, as many of the competitors in the market only allow you to take a loan for up to six months. As for the interest rates, you can expect a 28% rate from Mr Cash, as is prescribed by the NCA.
You will let Mr Cash know the details of the loan you would like during the application process. There you will specify the amount of cash you would like to borrow, as well as the length of time you would like to borrow it. Mr Cash will in turn present you with the loan details, including the repayment plan with the interest rate fees. Of course, not everyone who applies for a loan will get the exact loan they are after, but the only way to know for sure whether you will be eligible to receive the loan is to apply for it.
Apply for a Loan from Mr Cash
To apply for a loan from Mr Cash, visit their website and click the ‘apply now’ tab. To get the ball rolling on the application you will need to specify the loan amount that you would like to borrow.
You have five options here: either from R1000 to R5000, from R5000 to R10000, from R10000 to R 20000, from R20000 to R50000, or from R50000 and up.
Once you have selected one of the five options concerning the loan amount you would like to borrow, you need to enter your ID number. This needs to be a valid South African ID. Next you will need to enter your email, title, and full name. Finally, enter your cell phone number. This will get the ball rolling on your application.
Once Mr Cash has this information, they will contact you back requesting further documents – such as bank statements, recent pay slips and the like. Once these documents are sent to Mr Cash, Mr Cash will offer a loan which may be accepted or denied by you. If you choose to accept, you can expect to have the cash in your account very soon. It should be stressed that not all loans applied for will be granted, but that Mr Cash bases its decisions on each individual’s financial situation.
Contact Mr Cash Loans
To learn more about the loans from Mr Cash, or to apply for a loan, visit their website. If you have any inquiries and would like to speak to someone, you may telephone Mr Cash. Their office hours are Monday through Friday, 8:00am to 4:00pm.
Telephone: 087 822 1779 or 086 722 7109