Cash Loans to Pay for the Unexpected Vehicle Repairs and Medical Bills

Submitted by danica on Sat, 08/31/2013 - 09:24
Cash Loans to Pay for the Unexpected Vehicle Repairs and Medical Bills

When thinking of cash loans you may imagine one of three things:

  • Bank overdraft that takes at least a week to be approved and become available.
  • Micro loan that is loaded with interest, making it impossible to ever get out of debt.
  • Pawning your valuables at a second hand store and having to repay at high interest rates.

Alternative Solution

Fortunately it is now possible to get a cash loan without using any of the above routes. The Credit Act and the National Credit Regulator govern and oversee the provision of credit. If a company wishes to provide credit by means of a loan to consumers, the company must be registered with the NCR for the purpose and can only ask interest according to allowable rates as set out by the Credit Act. This protects consumers against irresponsible lending practices and ensures that interest rates are affordable.

NCR Registered

With the above came regulation of the micro-lending industry. Companies such as Low Budget Loans are now able to operate. Since we are a registered lender and act within the boundaries of the law, we also do credit checks before lending money. According to the law, we are not allowed to provide a loan to a person that is under administration, debt review or sequestration. In addition, it will be irresponsible to lend money to blacklisted individuals and people with poor credit records.


We do provide cash loans to persons over 18 years of age that meet the minimum requirements such as having a stable income and proof thereof, ID document, and proof of residence. Loan amounts range from R500 to R5000 and therefore are not so big as to place a person in a debt cycle. Once you have paid off the first payday loan, you can borrow again. In this way you will not have many loans to repay and can thus afford the payments.

Application Process

With the service offered we focus on the provision of loans to middle income persons and small companies needing staff loan facilities. Application is straightforward and can be done online, via email, fax or telephonically. There is thus no need to travel in order to get a loan.

We guide you through process of application and have a 60 minutes turnaround time. Cash is paid into your bank account by means of an EFT and if you are thus from the same bank you will have the money in your account the same day. It is thus possible to have money to pay the unforeseen expenses within 24 hours.

Our clients have excellent testimonies to the value of the service. You can consider it a back-up lending fund for emergencies. Once you have built a credit record with us, the process will even be faster. No longer do you have to wait until the end of the month when you get your salary. You can have money on hand now and pay to get your car fixed, buy the stunning handbag, purchase your child’s birthday gift or pay for a travel arrangement.

We also enable clients to make extra cash. By referring others to us you can earn extra money. Once they borrow we pay an amount directly into your bank once off to say thank you. For every fifth person that you refer and who borrows money, we will give you a bonus.

Not only do you thus have access to cash loans, but can also earn extra money by telling others about the opportunity. Gone are the days of having to pawn valuables or waiting for a week to get financial assistance. You can now take control of your finances.

If you need money today, know that a small cash loan is only a click away.