Best loans online in 2022

Mazuma Loans - description of the lender

mazumaloans

Loan amount

R1000 - R200000

Loan term

61 days - 60 months

Mazuma Loans - description of the lender

Company

MazumaLoans is a trusted and specialist loan broker that assists people who are in urgent need of cash that have either been previously declined by other banks, have a bad credit record, or those who are simply looking for the best loan in the market. We have special arrangements with many different NCR accredited and authorised lenders across South Africa, as well as lenders that may not be easily accessible to the public.

Age restriction

You must be at least 18 years old

Application processing time

Application processing take as little as a few hours to a few days to get your loan approved and cash paid into your account. After you complete and submit an application on SupaSmarLloans site, you will be instantly matched with a lender who is likely to offer you a loan. The lender will then immediately contact you to finalise your loan.

Requirements

  • You must be 18 years or older;
  • Have a personal bank account in your name;
  • Have an email address and cell number;
  • To apply for a loan and successfully pay back your loan you need a regular income.
  • Important information

    If you're not able to pay back your loan on time:

  • Contact your lender right away: If you're struggling to make repayments on your loan you should contact your lender immediately.
  • Loan extension: If you realize that you will not be able to repay the loan on time, there is a service of loan repayment period extension, which is offered by many companies for an additional cost. Every credit company sets the fee for the service of extending repayment period itself. Although it's not advisable to extend loan you should always check your lenders approach to loan extension before you borrow.

  • Late or missed loan payments may be subject to increased fees and interest rates charged by the lender. Lenders may use collection services for non-payment of loans.

    Office hours

    Monday to Friday 9:00am to 5:00pm

    Address

    Triple Eight Media Pty Ltd.
    18 Lombardy Business Park
    Hazeldean, Pretoria
    0081

    African Bank

    Minimum loan amount

    R2 000

    Maximum loan amount

    R350 000

    Minimum loan term

    7 months

    Maximum loan term

    72 months

    Max. APR

    15 - 24.5%

    Minimum age

    18 years

    591

    Representative example: Loan amount: R20 000, Loan term: 1 year, Total cost of loan: R24 432, APR: 15%
    NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

    Sanlam

    Minimum loan amount

    R5 000

    Maximum loan amount

    R200 000

    Minimum loan term

    24 months

    Maximum loan term

    72 months

    APR

    15.00 - 27.29%

    Minimum age

    18 years

    667

    Representative example: Loan amount: R50 000, Loan term: 72 months, Total cost of loan: R102 086, APR: 27.29%
    NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

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