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Tag Archives: South African Loans

South Africa and the Evolving Online Loan Industry

applying for an online loan

South Africa may not be as digitally advanced as some other more digitally developed countries but as they become more and more tech savvy an increase in possibilities are opening up to them. This is largely thanks to South Africa’s increased adoption of smartphones and tablets. The country’s financial comparison search engines may not be as sophisticated as that of the USA and UK but the payday loans market continues to grow and migrate online as more and more fintech companies enter into the ZA market place thanks to this increased digital user adoption. Applying For Loans Online The payday loan market is undoubtedly an industry that has come under increased scutiny¬† of late but, needless to say, worldwide it’s worth R400 billion and becoming increasingly accessible as companies now offer a complete online solution to applying for a loan from start to finish. The service is instant and loans are generally offered of between R100 and R2500 and made available within hours. The more sophisticated sites offer complete transparency with sites like Wonga stating their terms and offering slider tools to enable the user to calculate how much they want to borrow and the interest rates that the borrower ...

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